The country’s trade department, CITEM, said that demands for Asian food and ingredients is being driven by Europe’s hotel, restaurant and catering sector and a consumer trend towards dining out or buying take-away food.
“This EU sector presents a key and strategic market for the Philippines’ high-value food and beverage products,” Rosvi C. Gaetos, executive director of CITEM, said in a statement.
Local companies must, “take advantage of Europe’s increasing demand for Asian food and ingredients brought about by the growing number of health-conscious consumers and the large ethnic groups residing in wealthy EU countries,” Gaetos said.
“They include Asian migrants and tourists, and the more than 500,000 EU-based Filipinos,” she added.
CITEM detailed that Philippine food exports surged 20% annualy to US2.57bn in the first quarter of 2012.