Philippines: Prospects for U.S. Brewing Ingredients and Beer
The robust local beer manufacturing industry presents strong opportunities for U.S. exporters of brewing ingredients. Beer is the most widely consumed alcoholic beverage in the Philippines, accounting for 78 percent of total alcohol consumption or 2.1 billion liters annually. Export prospects in the region are especially strong because of the country’s membership in various free trade agreements and strategic location. While imported beer accounts for less than one percent of total consumption, traders are optimistic the country’s resilient economy and young and growing population will drive sales of imported craft beer in the coming years.
Philippines: Prospects for U.S. Brewing Ingredients and Beer