The Philippines meat processing industry will sustain its growth rate this year despite economic slowdown on account of more investment by companies in expansion of their operations.

According to the Philippine Association of Meat Processors Inc. (PAMPI), the Philippines meat processing industry will continue to grow this year (2009) as companies pour in more money into the industry to expand their operations, as reported by MB.COM.

While inaugurating CDO Foodsphere Inc.'s new plant in Batangas, PAMPI has said that the positive outlook for the industry is primarily based on the high quality of products produced by the domestic companies to compete with other countries' industries and the meat processing industry commitment to continue rolling on growth path.

The inauguration of new plant of CDO Foodsphere Inc. in Batangas is the manifestation that industry will remain steadfast even in tough economic conditions that have hit hard other sectors of the economy, said PAMPI. The new plant has capacity of producing 150,000 kilos of different processed meat products per day.

With the population growth at 2.3% per annum that will increase the Philippians population from the current 80 Million to 152 Million in the next twenty years, the demand for meat will certainly grow which in turn spur the meat volumes in the country.

Our research report "Philippines Food and Drinks Market:  Emerging Opportunities" also states that the demand for processed meat in the Philippines will surge with the rapidly expanding food service sector, particularly fast food chains. In fact, per head meat consumption is projected to grow by nearly 7.4% during 2009-2013.

Moreover, Philippines meat processors have stated that swine flue outbreak may not affect their business. According to PAMPI, the group has stopped importing meat from the US instead it is sourcing from neighboring countries such as South Korea.

DA Secretary Arthur Yap, said: "At the recent International Halal Assurance Seminar that his department is conducting trainings and seminars on the proper production, processing and marketing of halal, fish and other commodities to promote halal meat food industry."

According to a Senior Research Analyst at RNCOS, "The Philippines government should adopt several measures and policies to sustain growth in the country's meat processing industry in view of the global economic slowdown."

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