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Other Dairy Products & Eggs - Taiwan

Taiwan
  • Revenue in the Other Dairy Products & Eggs market amounts to US$331.90m in 2024. The market is expected to grow annually by 1.43% (CAGR 2024-2029).
  • In global comparison, most revenue is generated India (US$49bn in 2024).
  • In relation to total population figures, per person revenues of US$13.86 are generated in 2024.
  • In the Other Dairy Products & Eggs market, volume is expected to amount to 86.90m kg by 2029. The Other Dairy Products & Eggs market is expected to show a volume growth of 1.0% in 2025.0.
  • The average volume per person in the Other Dairy Products & Eggs market is expected to amount to 3.5kg in 2024.

Definition:

The Other Dairy Products & Eggs market covers other products made from animal's milk as well as other types of edible eggs besides chicken eggs.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side next of each box.

In-Scope

  • Preserved and powdered milk
  • Cream
  • Butter milk, condensed milk
  • Curd
  • Yogurt drinks
  • Fortified milk, probiotic milk drinks
  • Quail eggs, Duck eggs, other bird eggs

Out-Of-Scope

  • Milk
  • Yogurt
  • Cheese
  • Chicken eggs

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The Other Dairy Products & Eggs Market in Taiwan has seen minimal growth due to factors such as low consumer awareness and limited availability of online services. Despite this, the market is expected to slowly expand as consumer health consciousness continues to rise.

Customer preferences:
As consumers become more health-conscious, there has been a rise in demand for alternative dairy products and eggs, such as plant-based and lactose-free options. This trend is influenced by a growing awareness of dietary restrictions and the desire for sustainable and ethical food choices. Additionally, there has been a shift towards smaller, on-the-go packaging for dairy products and eggs, catering to busy lifestyles and snacking habits.

Trends in the market:
In Taiwan, the Other Dairy Products & Eggs Market within the Dairy Products & Eggs Market is seeing a rise in demand for alternative dairy products such as soy, almond, and coconut milk. This trend is driven by consumer preferences for plant-based options and concerns over lactose intolerance and dairy allergies. As a result, dairy companies are investing in these alternative products and expanding their offerings. This trend is expected to continue, with the potential to disrupt the traditional dairy market and create new opportunities for industry players. Additionally, there is a growing interest in free-range and organic eggs, as consumers become more conscious of animal welfare and the impact of conventional farming practices. This trend is driving the development of niche egg products and could lead to a shift in the dominant players in the market. Overall, the Other Dairy Products & Eggs Market is seeing a shift towards healthier and more sustainable options, presenting both challenges and opportunities for industry stakeholders.

Local special circumstances:
In Taiwan, the Other Dairy Products & Eggs Market is heavily influenced by the country's cultural preference for dairy products, such as milk tea and bubble tea, which have become popular globally. Additionally, the government's regulations on food safety and labeling have influenced consumer trust and purchasing decisions in the market. The country's strong export market for dairy products, particularly to China, has also played a significant role in shaping the market dynamics.

Underlying macroeconomic factors:
The Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market in Taiwan is greatly influenced by macroeconomic factors such as the country's economic health, global economic trends, fiscal policies, and other relevant financial indicators. Taiwan's strong economic growth and stable political climate have created a favorable market environment, leading to an increase in demand for dairy products and eggs. Additionally, the growing health consciousness among consumers and the increasing disposable income are driving the demand for healthier and premium dairy products and eggs. Moreover, the government's efforts to promote the dairy industry and encourage technological advancements are further propelling market growth in Taiwan.

Methodology

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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