The Philippine millennial generation (those born from 1982 to 1996) comprises one-third of the country's population and are known to be the biggest spenders, contributing to the growing food service sector.
Robust GDP growth, high consumer confidence and rising urbanization are some of the major factors that are set to drive foodservice profit sector sales in the Philippines at a compound annual growth rate (CAGR) of 5.3% from PHP666.
