Staple foods in 2024: The big picture
The performance of staple foods in Taiwan in 2024 was characterised by significant developments, driven by economic factors, shifting consumer preferences and strong company activity. Rising raw material prices and higher consumer indices have led to increased unit prices across various staple foods categories.
Key trends in 2024
Several key trends emerged in staple foods in Taiwan in 2024. These trends shaped the development, access to and performances of categories at the end of the review period.
Competitive landscape
In 2024, the leading players in staple foods focused on innovation and strategic collaborations to remain competitive. In this vein, companies like Kellogg introduced health-focused products, such as sugar-free breakfast cereals, to cater to dietary preferences.
Channel developments
Distribution trends in 2024 revealed a significant shift between foodservice and retail. Foodservice has experienced a resurgence, with increased consumer spending on dining out and prepared meals in the post-COVID-19 pandemic period.
What next for staple foods?
Overall, staple foods in Taiwan is projected to witness positive retail and value (constant 2024 prices) and foodservice volume CAGRs over the forecast period. The growth in staple foods categories is expected to be driven by innovations and new product developments and strategic market adaptations.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods 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 Staple Foods 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 Staple Foods 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 Staple Foods in Taiwan?
- Which are the leading brands in Staple Foods in Taiwan?
- How are products distributed in Staple Foods 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 Staple Foods?
- 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?
Staple Foods in Taiwan
Staple foods in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Taiwan
KEY DATA FINDINGS
Innovation and steady demand for baked goods in Taiwan
Promoting independent bakeries through pop-up events
Supermarkets employ strategies to boost consumer traffic and sales
Innovative strategies embrace unique flavours and cross-industry collaborations
Global flavours to delight local consumers as international brands expand in Taiwan
Rise of free from gluten desserts in Taiwan
Breakfast Cereals in Taiwan
KEY DATA FINDINGS
Embracing breakfast cereals as a modern morning meal option
Sugar-free breakfast cereals for health-conscious lifestyles
New flavours continue to attract consumers
E-commerce expands the variety and convenience of breakfast cereals
Breakfast cereals' prospects hinge on pricing strategies
Diverse oatmeal options to meet a growing consumer taste trend
Processed Fruit and Vegetables in Taiwan
KEY DATA FINDINGS
Grocery retailers adapt with price adjustments to maintain consumer interest
Debunking perceptions and embracing convenience by pushing health and practical benefits of non-fresh produce
Simple cooking kits for beginners gains consumer attention in Taiwan
Rising importance of frozen processed fruit and vegetables in a changing climate
Advances in freezing technology and freshness optimisation
Blending traditional offline retail and online fresh delivery
Processed Meat, Seafood and Alternatives To Meat in Taiwan
KEY DATA FINDINGS
Foodservice outpaces retail in volume growth terms in the post-pandemic period amid normalisation
Vegetarian offer gains momentum with innovative soy products
Sous vide chicken vending machines for fast and fitness-focused lifestyles
Rise of vegetarian restaurants in response to growing health awareness and changing consumer tastes
Foodservice to continue to develop and dominate processed meat and seafood demand
Expansion in e-commerce to push independent brands
Rice, Pasta and Noodles in Taiwan
KEY DATA FINDINGS
Sustained demand amid competitive challenges in rice, pasta and noodles
Mini packaging solutions address household sizes and needs
Instant noodles players embrace tradition and innovation to offer diverse options
Food consumption trends to impact channel split in rice, pasta and noodles
Rice subscription services to gain momentum in Taiwan
Rapid expansion of instant noodles amid calls for a healthier and more diverse offer
The following categories and subcategories are included:
Staple Foods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
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- Hot Cereals
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- Children's Breakfast Cereals
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- Flakes
- Muesli and Granola
- Other RTE Cereals
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
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- Chilled Noodles
- Frozen Noodles
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- Instant Noodle Cups
- Instant Noodle Pouches
- Plain Noodles
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- Chilled Pasta
- Dried Pasta
- Rice
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
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This report originates from Passport, our Staple Foods research and analysis database.
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