PROSPECTS AND OPPORTUNITIES
Declining credit card acceptance in Taiwan’s convenience stores, as banks respond to costly payment processing fees
The payment landscape in Taiwan’s convenience stores has become increasingly diversified, evolving from traditional cash payments to include credit cards and mobile payment options. However, as credit cards gained popularity in convenience stores, many banks found themselves facing high processing fees without revenue from transaction fees.
FamilyMart’s FamiCollection expands its product range, emphasising quality and local manufacturing
In addition to offering a wide range of Taiwanese brand products, FamilyMart has been actively expanding its own private label, FamiCollection, to cater to the diverse needs of its customers. FamiCollection’s product line now includes a broad array of items across categories, such as snacks, beverages, textiles, ready-to-eat meal packs, and household cleaning products.
Convenience stores lead in sustainability with green initiatives and responsible consumption programmes
Sustainability has become a central goal for major convenience store brands, with a focus on reducing food waste and adopting low-carbon practices. By implementing eco-friendly programmes, these brands aim to lower their environmental footprint and inspire consumers to make sustainable choices.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers 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 Convenience Retailers 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 Convenience Retailers 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 Convenience Retailers in Taiwan?
- Which are the leading retailers in Convenience Retailers in Taiwan?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in Taiwan - Category analysis
KEY DATA FINDINGS
Shopee redefines convenience with unmanned smart locker stores in Taiwan
Expanding product lines meet consumer demand for quick, diverse food options
7-Eleven and FamilyMart also partner with top restaurants to offer gourmet experiences
Declining credit card acceptance in Taiwan’s convenience stores, as banks respond to costly payment processing fees
FamilyMart’s FamiCollection expands its product range, emphasising quality and local manufacturing
Convenience stores lead in sustainability with green initiatives and responsible consumption programmes
Retail in Taiwan - Industry Overview
Retail in 2024: The big picture
Competitive landscape in Taiwan: Key players and trends
Innovative business models in retail strengthen brand competitiveness
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Lunar New Year
End of Year Cleaning
Double 11 Shopping Day
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
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 Convenience Retailers research and analysis database.
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