Key Takeaways
- In 2022, Taiwan's overall food and beverage market reached a value of NT$1.2 trillion, marking a 4.5% year-on-year growth driven by post-pandemic recovery.
- The beverage segment of Taiwan's F&B industry accounted for 28% of total market revenue in 2023, with tea-based drinks leading at 45% share.
- Taiwan's F&B retail sales grew by 6.2% in 2023 to NT$850 billion, fueled by convenience store expansions.
- Bottled water consumption per capita in Taiwan was 120 liters in 2023.
- Bubble tea sales generated NT$250 billion in 2023, with 10,000+ outlets island-wide.
- Taiwan's tea production reached 45,000 metric tons in 2023, exporting 20% abroad.
- Taiwan's rice production totaled 1.6 million metric tons in 2023.
- Pork production reached 850,000 metric tons in 2023, self-sufficiency at 98%.
- Seafood output from aquaculture was 300,000 tons in 2023.
- Per capita food consumption in Taiwan was 550 kg annually in 2022.
- 65% of Taiwanese consumers prefer convenience store meals daily in 2023.
- Bubble tea consumption averaged 3 cups per week per person in 2023.
- Taiwan F&B exports reached US$5.2 billion in 2023, up 8%.
- Bubble tea exports to US hit US$500 million in 2023.
- Seafood imports totaled US$2.8 billion in 2023, Japan top source.
Taiwan's food and beverage industry is thriving through strong growth and evolving consumer trends.
Beverages Sector
- Bottled water consumption per capita in Taiwan was 120 liters in 2023.
- Bubble tea sales generated NT$250 billion in 2023, with 10,000+ outlets island-wide.
- Taiwan's tea production reached 45,000 metric tons in 2023, exporting 20% abroad.
- Functional beverage market grew 10.5% to NT$60 billion in 2023.
- Coffee consumption per capita rose to 180 cups annually in 2023.
- Energy drinks sales increased 14% to NT$25 billion in 2022.
- Craft beer production hit 15,000 kiloliters in 2023, up 30% YoY.
- Juice and nectar market value was NT$40 billion in 2023.
- Alcoholic beverage consumption per capita was 6.5 liters pure alcohol in 2022.
- RTD tea beverages dominated with 60% market share in non-alcoholic segment 2023.
- Soft drink market volume 2.1 billion liters in 2023.
- Milk tea franchise outlets over 15,000 in Taiwan 2023.
- Carbonated drinks market NT$80 billion, declining 2% YoY.
- Beer production 450,000 kiloliters in 2023.
- Sports drink sales NT$15 billion in 2023.
- Herbal tea consumption up 20% post-COVID.
- Low-alcohol beverages market NT$40 billion.
- Kombucha sales doubled to NT$5 billion.
- Probiotic drink market NT$25 billion.
Beverages Sector Interpretation
Consumption Statistics
- Per capita food consumption in Taiwan was 550 kg annually in 2022.
- 65% of Taiwanese consumers prefer convenience store meals daily in 2023.
- Bubble tea consumption averaged 3 cups per week per person in 2023.
- Health food supplements used by 40% of population in 2023.
- Night market visits totaled 500 million annually, avg spend NT$300.
- Plant-based milk consumption up 35% to 20 liters per capita 2023.
- 72% of urban consumers buy ready-to-eat foods weekly in 2023.
- Alcohol consumption skewed young, 25-34 age group 45% share.
- Organic product purchases rose to 15% of grocery spend in 2023.
- Street food expenditure NT$150 billion yearly from 2023 surveys.
- 55% consumers aged 18-34 prioritize healthy snacks 2023.
- Per capita sugar intake 35 kg annually in Taiwan 2022.
- Snack food consumption 25 kg per capita 2023.
- 48% prefer low-sugar beverages in 2023 survey.
- 60% dine out weekly, avg NT$800 spend.
- Functional yogurt consumption 5 kg/capita.
- Zero-sugar drink preference 35% consumers.
- Home delivery orders 1 billion annually.
Consumption Statistics Interpretation
Economic Impact
- F&B industry employed 1.2 million workers in 2023, 10% of workforce.
- Food manufacturing sector had 15,000 establishments in 2023.
- Average wage in F&B retail NT$35,000 monthly in 2023.
- FDI in Taiwan F&B reached US$1.5 billion 2018-2023.
- Convenience stores numbered 12,000 outlets employing 400,000 in 2023.
- R&D investment in F&B processing NT$50 billion in 2023.
- Night market vendors totaled 50,000, generating 200,000 indirect jobs.
- Beverages manufacturing contributed 5% to industrial output value 2023.
- SMEs make up 95% of F&B firms, 70% of production value.
- F&B sector GDP contribution 2.8% in 2023.
- 25,000 new F&B jobs created in 2023.
- Investment in automation NT$100 billion 2023.
- Training programs for 100,000 workers 2023.
- Sustainability investments NT$30 billion.
- Digital sales platforms 50% of retail.
- Startup funding US$500 million F&B tech.
Economic Impact Interpretation
Market Overview
- In 2022, Taiwan's overall food and beverage market reached a value of NT$1.2 trillion, marking a 4.5% year-on-year growth driven by post-pandemic recovery.
- The beverage segment of Taiwan's F&B industry accounted for 28% of total market revenue in 2023, with tea-based drinks leading at 45% share.
- Taiwan's F&B retail sales grew by 6.2% in 2023 to NT$850 billion, fueled by convenience store expansions.
- The functional food market in Taiwan expanded to NT$150 billion in 2022, with a CAGR of 8.1% from 2018-2022.
- Night market F&B expenditures averaged NT$500 per visitor in 2023, contributing NT$200 billion annually to the sector.
- Taiwan's organic food market hit NT$45 billion in 2023, up 12% from 2022 due to health trends.
- Ready-to-eat meals sales surged 15% in 2023 to NT$120 billion amid urban lifestyles.
- The plant-based food segment grew 22% YoY in 2023, reaching NT$30 billion in value.
- Taiwan's F&B e-commerce sales reached NT$180 billion in 2023, a 25% increase.
- Premium alcohol beverages market expanded to NT$90 billion in 2022, with whiskey up 18%.
- Taiwan's F&B market projected to grow at 5.2% CAGR to 2028.
- Food service outlets 80,000, revenue NT$600 billion 2023.
- Vegan food market NT$20 billion, 28% growth 2023.
- Meal kit delivery market NT$50 billion 2023.
- Pet food market NT$60 billion, human-grade rising.
Market Overview Interpretation
Production Statistics
- Taiwan's rice production totaled 1.6 million metric tons in 2023.
- Pork production reached 850,000 metric tons in 2023, self-sufficiency at 98%.
- Seafood output from aquaculture was 300,000 tons in 2023.
- Vegetable production hit 4.2 million tons in 2023, with cabbage leading.
- Processed food manufacturing output value NT$2.5 trillion in 2023.
- Soy milk production capacity exceeded 500,000 tons annually in 2023.
- Bakery products output grew 7% to NT$150 billion in 2023.
- Dairy production was 450,000 tons in 2023, mostly imported milk powder.
- Instant noodle production reached 2.5 billion packs in 2023.
- Fruit production totaled 1.8 million tons, pineapples at 500,000 tons.
- Oolong tea production 25,000 tons, 55% of total tea.
- Chicken production 600,000 tons, 100% self-sufficient 2023.
- Confectionery production value NT$100 billion in 2023.
- Egg production 1.1 million tons annually 2023.
- Banana production 400,000 tons, top fruit 2023.
- Tofu production 300,000 tons yearly 2023.
- Shrimp aquaculture 80,000 tons exported.
- Mango production 200,000 tons 2023.
- Sweet potato yield 250,000 tons.
Production Statistics Interpretation
Trade Statistics
- Taiwan F&B exports reached US$5.2 billion in 2023, up 8%.
- Bubble tea exports to US hit US$500 million in 2023.
- Seafood imports totaled US$2.8 billion in 2023, Japan top source.
- Processed food exports grew 12% to US$3.1 billion in 2023.
- Tea exports valued at US$300 million, China main market 2023.
- Beef imports from Australia US$1.2 billion in 2023.
- Instant noodle exports 500 million packs worth US$200 million 2023.
- Wine imports US$250 million, France 40% share in 2023.
- Pineapple exports to Japan US$150 million in 2023.
- Exports of frozen seafood US$1.1 billion in 2023.
- Soybean imports 2.5 million tons for feed in 2023.
- Ramen imports from Japan US$100 million 2023.
- Bakery exports US$50 million to Southeast Asia 2023.
- Coffee exports US$20 million, growing 15%.
- Chocolate imports US$150 million 2023.
- Canned tuna exports US$300 million.
- Cheese imports US$200 million.
Trade Statistics Interpretation
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