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  • Essay / Growth Trend and Outlook of the Food Sector in the Philippines

    Food is an important part of our lives, which is why the way it is grown, manufactured and transported deserves to be understood and improved. The food industry covers a series of industrial activities oriented towards the transformation, transformation, preparation, conservation and packaging of foodstuffs. This sector of the food industry focuses on activities that connect the supply, demand and consumption of food for a growing population. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayThe growth trend of the food sector plays an important role and can be directly associated with the agricultural sector. The agricultural sector is the essential key component of the food sector as this sector provides the raw materials for food processing to consumers in their daily food consumption. The government is also the key factor in the development of the food sector since the government supports the agricultural sector in order to develop and improve the needs of the people in terms of food consumption. We also need to consider supply and demand, how supply affects demand, and how demand affects the supply of a given product. For example, when the supply of an agricultural product increases, the price of the product decreases and the demand for the product may increase because its cost decreases. If we talk about agricultural products, there are four main important agricultural products and these are; crops, livestock, poultry and fisheries. Since the Philippines is the agricultural base country and these four main products in the agricultural sector are rich in the country, these main products are the reason for our satisfaction in food consumption and our survival, but there are some situations in which the production of this product decreases in some years due to different scenarios, such as in 2009 and 2010, where a drought occurs in 2009, causing a drop in production in 2010 because the production volume in 2010 is the consequence of the drought which occurred in 2009. In 2013, rice production was devastated by Typhoon Haiyan (Yolanda). In 2015, the performance of the sector was negatively affected by the long drought period and the damage caused by Typhoon Lando and due to this typhoon in 2016, Palay and corn farms were the most damaged, and in 2016 , excessively dry conditions also due to a strong El Niño. like excessively humid conditions due to typhoons and because of these events the supply of crops decreased which affected production and consumers like what I said above in the supply discussion and demand. Keep in mind: this is just a sample. Get a custom paper now from our expert writers. Get a personalized essay. The prospects of today's food sector are increasing and will continue to increase for many years to come, as the growing demand for convenience has led to the expansion of the Philippine food industry in the form of quick food products. fine dining and casual dining. Large catering companies are also growing, especially in Metro Manila, due to its rapid population growth and higher demand for its products. Competition for fast food restaurants with different advertising concepts convincing customers to try their products, operators of a restaurant being..