Business Monitor International


Taiwan Food & Drink Report

Published 02 January 2014

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Taiwan Food & Drink Report

BMI View : In terms of the growth prospects for the Taiwanese economy looking into 2014, we expect supportive pressure from the tech sector and Chinese demand to wane as the year progresses. Additionally, we highlight two factors - the structural rebalancing of China's economy and increasing incidence of political deadlock in Taiwan - which we believe will hurt its economy in the long term. We have consequently downgraded our 2013 and 2014 real GDP projections from 3.0% and 4.0% to 2.1% and 3.0% respectively. Therefore, we remain relatively pessimistic about the performance of Taiwan's food and drink market in the short- to medium term, although we caution that select individual (premium) sectors are likely to outperform the overall market.

Headline Industry Data (local currency)

? 2013 per capita food consumption (value): +1.07%; forecast compound annual growth rate (CAGR) 2013 to 2017: +2.45%.

? 2013 alcoholic drinks sales (volume): +1.69%; forecast CAGR 2013 to 2017: +1.66%.

? 2013 soft drinks sales (value): +4.18%; forecast CAGR 2013 to 2017: +3.92%.

? 2013 mass grocery retail sales: +4.51%; forecast CAGR 2013 to 2017: +3.71%.

Key Company Trends

Hey Song Invests I n Healthier Drinks : In early 2013 Taiwanese soft drinks manufacturer Hey Song announced plans to invest at least TWD1bn in building a new production line in Zhongli City, expected to be operational by 2014, and which will cater for new, healthier drinks. The new aseptic production line will be the first of its kind in Taiwan and will allow the company to add vitamins, milk and other nutritional elements to its drinks.

Uni-President Accelerates In vestment I n China : In early 2013 Taiwan-based Uni-President announced plans for a US$100mn investment to set up a bottled water and food factory at different locations in China. Uni-President indicated that the prospects for China's consumer market are extremely promising. In order to capitalise on the substantial business opportunities, the...

Table of Contents

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, 2010-2017
18
Canned Food
18
Table: Value
Table: Value
Confectionery
19
Table: Value
Table: Value
Drink
20
Alcoholic Drinks
20
Table: Taiwan Alcoholic Drinks, Value
Table: Taiwan Alcoholic Drinks, Value
Soft Drinks
22
Table: Taiwan Soft Drinks, Value Sales - Historical Data & Forecasts, 2010-2017
22
Hot Drinks
23
Table: Taiwan Hot Drinks, Value Sales - Historical Data & Forecasts, 2010-2017
23
Mass Grocery Retail
24
Table: Taiwan Retail Indicators - Sales Value by Format - Historical Data & Forecasts, 2010-2017
26
Table: Sales Breakdown by Retail Format Type
26
Trade
27
Table: Taiwan Food & Drink Trade Indicators - Historical Data & Forecasts, 2010-2017
27
Macroeconomic Forecasts
28
Macroeconomic Forecast
28
China's Structural Rebalancing Starting To Hurt Taiwan
29
Political Logjam Will Have Economic Implications
30
Table: Taiwan - Economic Activity
30
Industry Risk Reward Ratings
31
Asia Pacific Risk
Asia Pacific Risk
Table: Asia Pacific Food & Drink Risk
Table: Asia Pacific Food & Drink Risk
Table: Asia Pacific Food & Drink Risk
Table: Asia Pacific Food & Drink Risk
Market Overview
36
Food
36
Food Production
36
Food Processing
36
Agriculture
37
Leading Players
37
Drink
38
Alcoholic Drinks
38
Soft Drinks
39
Hot Drinks
39
Mass Grocery Retail
40
Table: Structure of Taiwan's Mass Grocery Retail Market by Estimated Number of Outlets
41
Table: Structure of Taiwan's Mass Grocery Retail - Sales Value by Format (TWDbn)
42
Table: Structure of Taiwan's Mass Grocery Retail - Sales Value by Format (US$bn)
42
Table: Average Sales per Outlet by Format - 2012
42
Industry Trends And Developments
43
Food
43
Key Industry Trends And Developments
43
Drink
47
Key Industry Trends And Developments
47
Mass Grocery Retail
49
Key Industry Trends And Developments
49
Competitive Landscape
52
Table: Key Players in Taiwan's Food & Drink Sector
52
Table: Key Players in Taiwan's Mass Grocery Retail Sector
53
Company Profile
54
I-Mei Foods Co
54
Uni-President Enterprises
56
Want Want Holdings
58
Hey Song Corp
60
Swire Pacific Ltd (Coca-Cola Taiwan)
62
Taiwan Tobacco & Liquor Corp
64
Taiwan FamilyMart Co
66
Carrefour
68
Global Industry Overview
70
Table: Food And Drink Core Views
78
Demographic Forecast
79
Demographic Outlook
79
Table: Taiwan's Population By Age Group, 1990-2020 ('000)
80
Table: Taiwan's Population By Age Group, 1990-2020 (% Of Total)
81
Table: Taiwan's Key Population Ratios, 1990-2020
82
Glossary
83
Food & Drink
83
Mass Grocery Retail
83
Methodology
85
Industry Forecast Methodology
85
Sector-Specific Methodology
86
Sources
86
Risk
Risk
Table: Food & Drink Risk
Table: Food & Drink Risk
Table: Weighting
89

The Taiwan Food & Drink Report features Business Monitor International (BMI)'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 retail market.

Business Environment Ratings

BMI's Food & Drink Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors, food and drink manufacturers and mass grocery retailers.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

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.

Food Forecasts

BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:

Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including 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 the market's drink industry, centred on a forecast to end-2018 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 a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.

Competitive Landscape & Profiles

Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc