The baking industry is still a significant part of the Philippines' economy, making up 20.3 percent of manufacturing industries in 2010 according to a governement census. Food manufacturing in general is still the Philippines' most dominant industry and accounts for over 40 percent of the country's total manufacturing output. Unlike many neighboring countries whose factories are foreign-owned, the majority of food processing businesses are locally-owned and several are family businesses.
Many foreign businesses are now using the Philippines as a gateway to break into the Asian markets. This is partly due to the number of skilled food workers in the country and partly due to its proximity to other Asian markets.