Food - Taiwan

Taiwan

Revenue in the Food market amounts to US$56.53bn in 2025. The market is expected to grow annually by 3.90% (CAGR 2025-2029).
The market's largest segment is the segment Bread & Cereal Products with a market volume of US$10.99bn in 2025.
In global comparison, most revenue is generated in China (US$1,736bn in 2025).
In relation to total population figures, per person revenues of US$2,358.00 are generated in 2025.
In the Food market, volume is expected to amount to 21.19bn kg by 2029. The Food market is expected to show a volume growth of 3.2% in 2026.
The average volume per person in the Food market is expected to amount to 780.30kg in 2025.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and 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. The out-of-home revenue data is only shown as a separate box at the market level.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in Taiwan has been experiencing slow growth, influenced by factors such as changing consumer preferences, increasing health concerns, and the convenience offered by online food services. The sub-markets of this industry, including Dairy Products & Eggs, Meat, Fish & Seafood, and Convenience Food, are also affected by these factors. Additionally, the market's negligible growth rate can be attributed to the emerging trend of healthy and sustainable food choices, as well as government regulations on food safety and labeling.

Customer preferences: In Taiwan, there has been a notable shift towards healthier and more sustainable food options, with consumers increasingly seeking out organic and locally-sourced products. This trend is driven by a growing awareness of the impact of food on personal health and the environment. Additionally, with an aging population, there is a rising demand for functional foods and supplements that can address specific health concerns. As a result, there has been a surge in the popularity of health-conscious cafes and grocery stores, as well as online platforms offering personalized nutrition plans and delivery services. This shift towards a more mindful approach to food consumption is also reflected in the increasing popularity of plant-based diets and alternative protein sources.

Trends in the market: In Taiwan, The Food market industry is experiencing a shift towards more sustainable and environmentally friendly practices. This trend is being driven by consumer demand for ethically sourced and organic products. As a result, many food producers are implementing sustainable farming methods and using eco-friendly packaging materials. This trend is expected to continue as consumers become more conscious of their impact on the environment, creating opportunities for companies to cater to this demand. Additionally, the government is also encouraging this trend by providing incentives and subsidies for businesses that adopt sustainable practices, making it a lucrative option for industry stakeholders.

Local special circumstances: In Taiwan, The Food market is heavily influenced by the country's rich culinary heritage and strong cultural identity. The local market is driven by a high demand for fresh, locally sourced ingredients and traditional cooking methods. Additionally, Taiwan's strict food safety regulations and emphasis on quality control ensure that the market is known for its high standards and safe products. This unique combination of cultural and regulatory factors has helped create a thriving and competitive food market in Taiwan.

Underlying macroeconomic factors: The Food market in Taiwan is heavily influenced by macroeconomic factors, such as the country's overall economic health and policies. For example, Taiwan's strong economic growth and favorable fiscal policies have led to a thriving food market, with various local and international players vying for market share. Additionally, the increasing disposable income and changing consumer preferences towards healthier and more diverse food options have also contributed to the growth of the market. Furthermore, Taiwan's strategic location and trade agreements with other countries have enabled The Food market to benefit from global economic trends, such as the growing demand for imported goods and a rise in tourism. These factors have created a highly competitive and dynamic food market in Taiwan, with numerous opportunities for growth and innovation.

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.