Philippines Food Ingredients Market is Led by Natural / Organic Food Ingredients with the Increase in Health Consciousness among Filipinos: Ken Research

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Philippines Food Ingredients Market is Led by
Natural / Organic Food Ingredients with the
Increase in Health Consciousness among Filipinos
Ken Research
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Demand for organic food ingredients in the
Philippines is likely to grow owing to rising
consumer interest towards healthy and nutritious
food items which is evident from their
willingness to pay more for organic, sustainably
sourced and natural products.
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The report titled Philippines Food Ingredients
Market By Type of Food Ingredients (Flavors,
Sweeteners, Colors, Preservatives, Fragrance,
Acidulants, Cultures, Proteins, Emulsifiers and
Co-Emulsifiers, Minerals, Carotenoids and Others)
Outlook to 2021 by Ken Research suggested an
expected CAGR of 10.1 in revenue and 3.5 in
sales volume of food ingredients in the
Philippines for the projected period 2017-2021.
Increasing health awareness in the Philippines
has led to a shift of consumers from using
artificial and unhealthy food ingredients to
natural and organic food ingredients. Rising
disposable income in the Philippines has further
resulted in the development of health and
wellness packaged foods and beverages in the
country. Due to increase in GDP and purchasing
power, the market of food ingredients is getting
popular in the Philippines as the consumers are
willing to adopt a lifestyle change, thus buying
premium products as well as making health a top
priority. Features like sustainable and
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local sourcing, organic and GMO-Free food
ingredients have gained consumer attention,
especially millennials. Their willingness to pay
more for organic, sustainably sourced and natural
products indicates that there is more efforts
required towards natural ingredients.
Furthermore, attention is given to e-commerce
industry by retailers as well as manufacturers.
Social networking websites and advertisements
were proved as the most effective platform to
communicate the consumers in Philippines which
has made the consumers adapt to natural / organic
products for their betterment. Additionally,
people are becoming conscious about their health
owing to increasing obesity and cardiovascular
diseases in the country. Food ingredient
manufacturers in the Philippines are focusing on
launching new products with more proportion of
natural ingredients as well as importing good
quality food ingredients from major countries
such as US, UK, Netherlands and others.
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• Key Topics Covered in the Report
• Food Colorants Industry Philippines
• Philippines Sweeteners Market
• Amino Acids Market in Philippines
• Food Anti-Oxidants Market Philippines
• Other Food Ingredients in the Philippines
• Food ingredients manufacturing Philippines
• Philippines Food Color Sales
• Philippines Fragrance Market Revenue
• Barentz Food ingredients Philippines Market Share
• Food Ingredients DuPont Sales
• For more information on the research report,
  refer to below link
• https//www.kenresearch.com/food-beverage-and-toba
  cco/general-food/philippines-food-ingredients-mark
  et/142452-11.html

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Related Reports by Ken Research https//www.kenres
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ps//www.kenresearch.com/food-beverage-and-tobacco
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nresearch.com/food-beverage-and-tobacco/general-fo
od/india-organic-food-beverage-market-research-rep
ort/611-11.html Contact Ken Research Ankur
Gupta, Head Marketing Communications sales_at_kenre
search.com 91-124-4230204
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