PROSPECTS AND OPPORTUNITIES
Cafés, bars, and nightclubs merge as the amount of hybrid venues is set to rise
Over the forecast period, many consumers are anticipated to prioritise higher-quality coffee, which will contribute to the growth of specialty coffee shops. However, due to inflation, convenience store coffee and larger chain coffee shops have significant price advantages.
The rise of everyday influencers will impact café and bar recommendations
With the rising popularity of Threads in Taiwan, its unique algorithm enables regular users to create viral content through engaging text and striking photos. Many consumers share their dining experiences and personal rankings on the platform, attracting attention from like-minded individuals and fostering a community centred around shared interests.
Menu diversification is set to be key to attracting customers and boosting sales
Diversification of offerings is becoming an essential trend for cafes as consumers increasingly seek a variety of choices beyond traditional coffee drinks. Handcrafted desserts, freshly baked bread, and even savoury dishes will increase in popularity over the forecast period, attracting customers and helping brands stand out in a competitive market.
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Overview:
Understand the latest market trends and future growth opportunities for the Cafés/Bars industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Cafés/Bars industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Cafés/Bars in Taiwan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cafés/Bars in Taiwan?
- Which are the leading brands in Cafés/Bars in Taiwan?
- How are multinational and local operators competing and expanding in Taiwan?
- How are consumer lifestyle trends and eating habits shaping Cafés/Bars in Taiwan?
- How is the Cafés/Bars industry adapting to a post-COVID-19 market environment? Where are the opportunities amidst the challenges?
- How significant are health considerations in shaping the future of Cafés/Bars in Taiwan? Which of these trends hold the greatest potential demand?
- Where is future growth expected to be most dynamic?
Cafés/Bars in Taiwan - Category analysis
KEY DATA FINDINGS
The rise of the flexible workforce fuels demand for late-night bars and cafés
Starbucks retains its lead and launches its circular cup initiative to promote sustainability
Open concept bars surge in popularity among young adults in Taiwan
Cafés, bars, and nightclubs merge as the amount of hybrid venues is set to rise
The rise of everyday influencers will impact café and bar recommendations
Menu diversification is set to be key to attracting customers and boosting sales
Consumer Foodservice in Taiwan - Industry Overview
Consumer foodservice in 2024: The big picture
2024 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?
DISCLAIMER
The following categories and subcategories are included:
Cafés/Bars
- Chained Cafés/Bars
- Independent Cafés/Bars
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- Chained Bars/Pubs
- Independent Bars/Pubs
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- Chained Cafés
- Independent Cafés
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- Chained Juice/Smoothie Bars
- Independent Juice/Smoothie Bars
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- Chained Specialist Coffee and Tea Shops
- Independent Specialist Coffee and Tea Shops
Cafés/Bars
This category encompasses all establishments where the focus is on drinking (either alcoholic or non-alcoholic beverages). While a wide variety of snacks and full meals are offered, it is not uncommon for consumers to only order a drink. As a general rule, establishments deriving 50% of their income or more from the sale of drinks are included here.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Cafés/Bars research and analysis database.
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