Food is an important part of our lives, which is whythe way it is grown, manufacture and transported is worth understanding andimproving. The food industry causes a series of industrial activities directedat the processing, conversion, preparation, preservation and packing offoodstuff.
This sector the food industry focuses on the activities thatconnects supply demand and consumption of foods for the raising populationGrowth trend in food sector plays an important roleand can be associated directly to the agricultural sector. Agricultural sectoris the essential key component of food sector because this sector provides theraw materials for food processing for the consumers in their day by day basisof food consumption. The government is also the key factor for the developmentof food sector since government supports the agricultural sector in order forthe development and improvement of the needs of people in terms of food consumption.Also we need to take a consideration about the supply and demand on how thesupply affect the demand and how the demand affect the supply of the certainproduct.
For an example when the supply for an agricultural product goes up,the price of the product goes down and the demand for the product can risebecause its cost lessen.If we talk about agricultural products, there arefour main important produce of agriculture and this are the; crops, livestock,poultry and fishery.Since Philippines is agricultural base country andthese four major produce of the agricultural sector is rich in the country,this main produce are the reason for our satisfaction for food consumption andfor our survival, however there are some situations that this products declineits production in some years due to different scenario like in 2009 and 2010were drought occur during 2009 resulting a declining production in 2010 becausein the volume of production in 2010 is the aftermath of the drought that occurin 2009. In 2013, Rice crop production devastated by typhoon Haiyan (Yolanda).In 2015 the sector’s performance was negatively affected by the long dry spelland damages caused by Typhoon Lando and due this typhoon in 2016 palay and cornfarms which suffered the most damaged, and in 2016, excessively dry conditionsdue to a strong El Niño as well as excessively wet conditions due to typhoons andbecause of this events the supply of crops went down which affected theproduction and the consumers as what I said above discussion about supply anddemand.Prospects of the food sector today are going up andwill be continuing to go up for the many years because the growing demand forconvenience has led to the expansion of the Philippine food industry in theform of fast-food restaurants and casual dining restaurants. Big companies restaurantsare also growing, especially in Metro Manila because of its fast growingpopulation and the higher demand of the products.
Competition for fast foodrestaurants presenting different ideas of advertisement convincing costumers totry their products, with the operators in a restaurant always interested havingnew and thrilling menu concepts to fascinate customers.