Number of supermarkets in the Philippines 2016-2017, by chain
One of the industries succeeding in the country is the retail industry and associated with this success are places where retail products can be purchased. Across the country, the number of supermarket chains has been increasing, and one of the most popular supermarket chains was SM Save More with about 174 number of stores in 2017.
Food retail
Food is the basic commodity consumers spend the most in the Philippines. In 2018, around 2.6 trillion Philippine pesos were spent by households in the Philippines on food, and the figures have been rising year on year over the last decade. Consequently, the forecasted sales value of packaged food by 2020 would be 30 billion U.S. dollars, which shows how Filipino consumers are also keen on buying convenient foods. Records show that popular packaged foods among the consumers are noodles, soup, sausages, and spreads.
Food manufacturing
With the growth of food retailing, food manufacturers in the Philippines are taking an advantage of the opportunity. Addressing the demand of the consumers by observing the consumption behavior brought a rise in value-added generated from food manufacturing, that amounted to approximately 713.5 billion Philippine pesos in 2018. Although the majority of the food supplies came from domestic providers, at least 20 percent are still imported from different countries.
Food retail
Food is the basic commodity consumers spend the most in the Philippines. In 2018, around 2.6 trillion Philippine pesos were spent by households in the Philippines on food, and the figures have been rising year on year over the last decade. Consequently, the forecasted sales value of packaged food by 2020 would be 30 billion U.S. dollars, which shows how Filipino consumers are also keen on buying convenient foods. Records show that popular packaged foods among the consumers are noodles, soup, sausages, and spreads.
Food manufacturing
With the growth of food retailing, food manufacturers in the Philippines are taking an advantage of the opportunity. Addressing the demand of the consumers by observing the consumption behavior brought a rise in value-added generated from food manufacturing, that amounted to approximately 713.5 billion Philippine pesos in 2018. Although the majority of the food supplies came from domestic providers, at least 20 percent are still imported from different countries.
