Food and beverage retail sales value Philippines 2016-2023

In 2022, the sales value of food and beverage retailers in the Philippines amounted to 33 billion U.S. dollars and was forecast to grow about two billion U.S. dollars more in the next year. The country's retail food industry has grown significantly in sales value yearly.

Food retail goods

Packaged foods were one of the most popular goods in Filipino consumers' shopping carts. This can be seen in the annual growth of the retail sales value of packaged foods in the country. Of these, processed meats and seafood, as well as dairy, savory snacks, edible oils, and rice, pasta, and noodles, comprised the top five leading types of packaged foods in terms of retail sales value.

The rise of online food delivery

The pandemic gave rise to online food delivery adaption in the Philippines, as reflected in the industry's revenue growth between 2019 and 2020. The segment is divided between grocery and meal delivery. A recent survey revealed that Food Panda and GrabFood were the leading food delivery apps in the Philippines.