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Beer is the most-consumed alcoholic beverage in the Philippines and amounted to a 70% share of the domestic alcoholic drink market in terms of volume during 2005. Between 2003 and 2004, the Philippines had the world's fastest beer consumption growth rate at 15.6%.
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But beer brands across the board are suffering, largely due to inflation-induced price hikes turning off customers. Beer prices rose almost 6% from April 2022 to 2023, and over 70% since 2000.
San Miguel Brewery, Inc. (SMBI) is a subsidiary of San Miguel Food and Beverage, Inc. (part of San Miguel Corporation) and jointly owned with Kirin Holdings Co. Ltd. The company is the Philippines’ largest brewery with a market share of over 95% as of 2008, notably producing San Miguel Beer.
Ginebra San Miguel, Inc. (Tagalog: [hɪˈnɛbɾa sɐn mɪˈɡɛl]; GSMI), formerly La Tondeña Distillers, Inc., is a Philippines-based diversified beverage company majority-owned by San Miguel Food and Beverage, Inc.
La Tondeña Incorporada: Carlos Palanca III Great Taste Coffee Makers: Consolidated Foods Corporation: Quirino Marquinez Manila Beer Brewmasters: Shareholdings, Inc. Andrew H. Jao San Miguel Beermen: San Miguel Corporation: Leonides Valencia Shell Azodrin Bugbusters: Shell Chemicals Philippines: Rafael Hernaez Tanduay Rhum Makers: Elizalde ...
By 1913, imported beer represented only 12% of the total consumption in the Philippines; San Miguel held an 88% share of the industry. Róxas died in Paris in 1913. Soon after, Benito Legarda and Gonzalo Tuasón made it advisable to change the form of the company from a firm of co-participants to a corporation ( San Miguel Brewery, Inc. ).