Cooking ingredients and meals in 2024: The big picture
In 2024, cooking ingredients and meals in Taiwan witnessed a slowdown in volume sales across both the retail and foodservice channels. Retail sales of edible oils rebounded as the desire to dine out continued to recover following the pandemic, supporting overall category growth.
Key trends in 2024
Several over-arching trends are shaping the development of cooking ingredients and meals in 2024. Firstly, there is a notable shift towards natural ingredients and healthier food choices among consumers.
Competitive landscape
The competitive landscape is led by retailers with President Chain Store Corp and its 7-Eleven line taking the helm followed by Taiwan Family Mart Co Ltd with its Family Mart line. When looking just at brand manufacturers, Tai Sun Enterprise Co Ltd, Standard Foods Corp and Unilever Taiwan have the strongest positions.
Channel developments
Restaurants are increasingly offering ready meals, leveraging their culinary expertise and streamlining production processes. This allows consumers to enjoy restaurant-quality meals conveniently at home, thus bypassing restaurant queues.
What next for cooking ingredients and meals?
Looking ahead, cooking ingredients and meals is set to evolve significantly through its focus on innovation and changing consumer preferences. Premium edible oil brands are set to enhance direct-to-consumer offerings with unique varieties, while niche cooking oils will prioritise health and sustainability.
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Overview:
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals 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.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals 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 Cooking Ingredients and Meals 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 Cooking Ingredients and Meals in Taiwan?
- Which are the leading brands in Cooking Ingredients and Meals in Taiwan?
- How are products distributed in Cooking Ingredients and Meals in Taiwan?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Cooking Ingredients and Meals?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Taiwan?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Cooking Ingredients and Meals in Taiwan
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Edible Oils in Taiwan
KEY DATA FINDINGS
Foodservice volume growth recovers as dining out resumes
Rising olive oil prices drive consumers towards affordable alternatives
Expanding oil variety meets the demands of health-conscious consumers
Premium olive oils bring distinct varieties and quality direct to consumers
Rising popularity of niche cooking oils
Advances in sustainability to include waste recycling
Meals and Soups in Taiwan
KEY DATA FINDINGS
Shifting consumer habits and modest growth amidst economic trends
Expanding options in premium meal kits for home cooking
Famous eateries and restaurants expand into ready meals
Ready meals will focus on balancing flavour and health
Niche brands to revolutionise ready meals
Restaurants and online platforms are emerging channels for ready meals
Sauces, Dips and Condiments in Taiwan
KEY DATA FINDINGS
Slowdown in volume growth as demand patterns normalise post-pandemic
Growing consumer focus on food safety and natural ingredients
Small pack condiments deliver convenience and freshness
Food sourcing and sustainability will shape brand strategies
Culinary seasonings and local ingredients
Catering to younger consumers with easy-to-use seasonings
Sweet Spreads in Taiwan
KEY DATA FINDINGS
Sweet spreads registers solid growth in retail trade
Honey-based products gain popularity and expand in convenience stores
Miniature glass packaging meets customer demands for freshness and sustainability
Consumers seek natural ingredients, low sugar and organic options
Artisanal jams and local fruit brands transform consumer choices
Organic retailers and artisanal goods leverage innovative marketing strategies
The following categories and subcategories are included:
Cooking Ingredients and Meals
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- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
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- Honey
- Chocolate Spreads
- Jams and Preserves
- Nut and Seed Based Spreads
Why 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 Cooking Ingredients and Meals research and analysis database.
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