Ecuador: Food Processing Ingredients
The food processing industry is a key player within Ecuador’s manufacturing sector. It alone accounts for 42 percent of the manufacturing sector’s contribution to Ecuador’s gross domestic product. The food processing sector in 2014 (latest full year data) accounted for 16 percent of Ecuador’s estimated $12.5 billion in non-oil export earnings. An effective market entry strategy includes targeting Ecuador’s technically-sophisticated food manufacturers. These firms are better positioned to import U.S. artificial flavorings, colorants, preservatives, and spices. U.S. food ingredients, especially seasonings used in the manufacture of pre-cooked and easy-to-prepare meals, are in high demand.
