Taiwan Food & Drink Report

Published 05 January 2015

  • 96 pages
  • Instant access to your report online and PDF format through your account library
  • Free related articles sent monthly
$1,295.00
Taiwan Food & Drink Report

BMI View: We expect the slowdown in Taiwan's main export markets to continue to present headwinds to growth during 2015, as the country's over-reliance on tech-related exports leaves Taiwan vulnerable to both changes in the global electronic business cycle and demand changes in developed markets. With credit growth decelerating and private consumption remaining relatively subdued, we are forecasting a below consensus 3.1% real GDP growth for 2014 and have downgraded our real GDP forecast for 2015 to 3.5% from 4.1%. Therefore, as last year, we remain fairly pessimistic about the performance of Taiwan's food and drink market in the short to medium term, albeit that select individual (premium) sectors may still outperform the overall market.

Headline Industry Data

  • 2014 per capita food consumption (local currency): +1.8%; forecast compound annual growth rate (CAGR) 2013 to 2018: +3.1%.

  • 2014 alcoholic drinks sales (volume): +2.0%; forecast CAGR 2013 to 2018: +0.9%.

  • 2014 soft drinks sales (value): +4.3%; forecast CAGR 2013 to 2018: +5.0%.

  • 2014 mass grocery retail sales (local currency): +5.1%; forecast CAGR 2013 to 2018: +4.6%.

Key Company Trends

I-Mei Foods Hit By Ongoing Food Contamination Scandals : In October 2014, The China Post reported that contaminated oil had been used in produce manufactured for I-Mei Foods by Chen Chi Company. The product, Rousong (also known as meat floss), had been manufactured with contaminated oil produced by Cheng-I Food Company. At the time of the discovery, Cheng Chi had already shipped 1,190 kilograms of the product and public health authorities were notified of the product's recall.

Carrefour Announces Further Investment in Taiwan : Following reports in the summer of 2013 that French retail giant Carrefour was exploring the sale of its business in Taiwan, the president of Carrefour Taiwan, Patrick Ganaye, announced in September 2014 that there were no such plans. Despite departing from other overseas markets...

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
17
Food Consumption
17
Table: Food Consumption Indicators - Historical Data & Forecasts (Taiwan 2011-2018)
18
Confectionery
18
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Taiwan 2011-2018)
19
Drink
19
Alcoholic Drinks
19
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Taiwan 2011-2018)
20
Soft Drinks
21
Table: Soft Drinks Sales, Production & Trade - Historical Data & Forecasts (Taiwan 2011-2018)
21
Hot Drinks
22
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Taiwan 2011-2018)
22
Mass Grocery Retail
23
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts (Taiwan 2011-2018)
24
Table: Sales Breakdown by Retail Format Type
25
Trade
25
Table: Trade Balance - Historical Data & Forecasts (Taiwan 2011-2018)
26
Macroeconomic Forecasts
27
Economic Analysis
27
Q414 Outlook Remains Cloudy
28
Headwinds To Persist-
30
-But Economic Fundamentals Remain Strong
31
Table: Economic Activity (Taiwan 2009-2018)
32
Industry Risk Reward Index
33
Asia Pacific - Risk/Reward Index
33
Table: Asia Pacific Food & Drink Risk/Reward Index Q115
34
Table: Asia Pacific Food & Drink Risk/Reward Sub-Factor Index Q115 - Selected Countries (scores out of 10)
38
Market Overview
39
Food
39
Food Production
39
Food Processing
39
Agriculture
40
Leading Players
40
Drink
41
Alcoholic Drinks
41
Soft Drinks
42
Hot Drinks
42
Mass Grocery Retail
43
Table: Structure Of Mass Grocery Retail Market By Estimated Number of Outlets (Taiwan 2006-2010)
44
Table: Mass Grocery Retail Sales By Format (Taiwan 2006-2011)
45
Table: Mass Grocery Retail Sales By Format (Taiwan 2006-2011)
45
Table: Average Sales per Outlet by Format - 2012
45
Industry Trends And Developments
46
Food
46
Key Industry Trends And Developments
46
Drink
48
Key Industry Trends And Developments
48
Mass Grocery Retail
50
Key Industry Trends And Developments
50
Competitive Landscape
54
Table: Key Players in Taiwan's Food & Drink Sector
54
Table: Key Players in Taiwan's Mass Grocery Retail Sector
55
Company Profile
56
I-Mei Foods Co
56
Uni-President Enterprises
58
Want Want Holdings
61
Hey Song Corp
63
Swire Pacific Ltd (Coca-Cola Taiwan)
65
Taiwan Tobacco & Liquor Corp
67
Taiwan FamilyMart Co
69
Carrefour
71
Global Industry Overview
73
Table: Dollar General And Family Dollar Historic Quarterly Same-Store Sales Growth (% Change Y-O-Y)
77
Table: Selected US And Global Spirits Companies - Historical Financial Indicators
80
Table: Select US Beverage Companies - Historic Eva Spread
82
Table: Food and Drink Team's Core Views
83
Demographic Forecast
85
Table: Population Headline Indicators (Taiwan 1990-2025)
86
Table: Key Population Ratios (Taiwan 1990-2025)
87
Table: Urban/Rural Population & Life Expectancy (Taiwan 1990-2025)
87
Table: Population By Age Group (Taiwan 1990-2025)
87
Table: Population By Age Group % (Taiwan 1990-2025)
88
Glossary
90
Food & Drink
90
Mass Grocery Retail
90
Methodology
92
Industry Forecast Methodology
92
Sector-Specific Methodology
93
Sources
93
Risk/Reward Index Methodology
94
Table: Food & Drink Risk/Reward Index Indicators
95
Table: Weighting
96

The Taiwan Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Taiwan Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Taiwan.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for Taiwan to test other views - a key input for successful budgeting and strategic business planning in the Taiwanese food and drink market.
  • Target business opportunities and risks in Taiwan through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering food and drink manufacturing and consumption and the mass grocery retail market.

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the food, drink and mass grocery retail sectors and within the broader political, economic and business environment.

BMI’s Food and Drink Risk Reward Index

BMI’s Risk Reward Index provides investors (food and drink manufacturers and mass grocery retailers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic points. These provide indices of highest to lowest appeal to investors, with each position explained.

Food Forecasts

BMI’s food chapter is divided into sections such as meat, fish, confectionary, dairy and canned foods, and provides insight into each market’s food industry, centred on a forecast to end-2019 for the sector. The chapter includes the following elements:

  • Industry Forecast Scenario: Historical data series and a forecast to end-2019 for growth of key indicators within a market’s food industry. Indicators include food consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.
  • Industry Developments: A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.
  • Market Overview: An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI’s food chapter, the drink section provides insight into each market’s drink industry, centred on a forecast to end-2019 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI’s food and drink chapters, the mass grocery retail section provides insight into each market’s grocery retail industry, centred on a forecast to end-2019 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown of the organised retail sector versus the traditional sector, among others.

Competitive Landscape

Illustration of the mass grocery retail and food and drink industries via rankings tables comparing revenues, number of outlets and number of employees. This chapter also includes data-rich, in-depth regional analysis of the market position, business strategies and investment potential of the region’s leading mass grocery retail and food and drink operators.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Food & Drink reports draw on an extensive network primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%