Baby Cereals & Other Dried Baby Food - Taiwan

Taiwan

Highlights

Revenue in the Baby Cereals & Other Dried Baby Food market amounts to US$142.30m in 2024. The market is expected to grow annually by 6.33% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$2bn in 2024).
In relation to total population figures, per person revenues of US$5.94 are generated in 2024.
In the Baby Cereals & Other Dried Baby Food market, volume is expected to amount to 15.23m kg by 2029. The Baby Cereals & Other Dried Baby Food market is expected to show a volume growth of 5.1% in 2025.0.
The average volume per person in the Baby Cereals & Other Dried Baby Food market is expected to amount to 0.5kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Baby Cereals & Other Dried Baby Food market in Taiwan is experiencing minimal growth due to factors such as low birth rates and increasing competition. However, rising health awareness among consumers and the convenience of online shopping are driving the market forward.

Customer preferences: The Baby Cereals & Other Dried Baby Food Market in Taiwan has seen a rise in demand for organic and all-natural products as consumers become more health-conscious. This trend is driven by a growing awareness of the benefits of organic ingredients for babies' health and the preference for traditional, homemade food over processed options. Additionally, there has been a shift towards convenience and time-saving options, such as ready-to-eat or pre-packaged baby food, as busy parents seek easier ways to feed their children while maintaining a healthy diet.

Trends in the market: In Taiwan, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market within The Food market is experiencing a shift towards organic and natural products. This trend is driven by growing health consciousness among parents and concerns over the use of pesticides and additives in conventional baby food. As a result, there is a rising demand for organic and natural baby food, with manufacturers introducing new product lines to cater to this demand. This trend is expected to continue, with potential implications for industry stakeholders including increased competition and the need to adapt to changing consumer preferences.

Local special circumstances: In Taiwan, the Baby Cereals & Other Dried Baby Food Market is heavily influenced by the cultural preference for traditional Chinese medicine and natural ingredients. This has led to a demand for organic and locally-sourced baby food products. Additionally, strict regulations on food safety and labeling have created a sense of trust and reliability among consumers, driving the market's growth. The country's high birth rate and increasing number of working mothers have also fueled the demand for convenient and nutritious baby food options.

Underlying macroeconomic factors: The Baby Cereals & Other Dried Baby Food Market within the Baby Food Market is heavily influenced by macroeconomic factors such as population growth, disposable income levels, and consumer spending habits. In Taiwan, a stable economy and rising household incomes have helped to drive market growth, while government policies promoting healthy eating habits have also had a positive impact. Additionally, global trends such as the increasing demand for organic and natural products have also contributed to the growth of the Baby Cereals & Other Dried Baby Food Market in Taiwan. As the country continues to experience economic stability and a growing middle class, the market is expected to see continued growth in the coming years.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.