Business Monitor International


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...

Table of Contents

Executive Summary
7
SWOT Analysis
8
Taiwan Food Industry SWOT
8
Taiwan Drink Industry SWOT
9
Taiwan Mass Grocery Retail Industry SWOT
10
Business Environment
11
BMI's Core Global Industry Views
11
Table: Core Views
19
Asia Pacific Food & Drink Risk/Reward Ratings
20
Table: Food & Drink Risk/Reward Sub-Factor Ratings, Q113 (score out of 10)
21
Table: Asia Pacific Food & Drink Risk/Reward Ratings, Q113
24
Taiwan's Food & Drink Business Environment Rating
25
Macroeconomic Outlook
26
Table: Taiwan - Economic Activity
29
Industry Forecast Scenario
30
Consumer Outlook
30
Food
36
Food Consumption
36
Table: Food Consumption Indicators - Historical Data & Forecasts
36
Canned Food
37
Table: Value/Volume Sales of Canned Food - Historical Data & Forecasts
38
Confectionery
38
Table: Value/Volume Sales of Confectionery - Historical Data & Forecasts
39
Drink
40
Alcoholic Drinks
40
Table: Taiwan Alcoholic Drinks, Value/Volume Sales - Historical Data & Forecasts
41
Soft Drinks
41
Table: Taiwan Soft Drinks, Value Sales - Historical Data & Forecasts
42
Hot Drinks
42
Table: Taiwan Hot Drinks, Value Sales - Historical Data & Forecasts
43
Mass Grocery Retail
44
Table: Taiwan Retail Indicators - Sales Value by Format - Historical Data & Forecasts
48
Table: Sales Breakdown by Retail Format Type
48
Trade
49
Table: Taiwan Food & Drink Trade Indicators - Historical Data & Forecasts
50
Food
51
Key Industry Trends And Developments
51
Taiwanese Restaurant Operator Targeting China in 2013
51
Wei Chuan Foods Setting Up Joint Venture
51
Branding And Diversification To Strengthen Uni-President's Prospects
51
Mainland Chinese Companies Increasingly Interested in Taiwan
53
Market Overview
54
Food Production
54
Food Processing
54
Agriculture
55
Leading Players
55
Drink
57
Key Industry Trends And Developments
57
Demand for Scotch Whisky Remains Considerable
57
Taiwanese Companies Increasingly Targeting Mainland China
57
Market Overview
58
Alcoholic Drinks
58
Soft Drinks
58
Hot Drinks
59
Mass Grocery Retail
60
Key Industry Trends And Developments
60
Far Eastern Looking to Expand Its Footprint in China
60
Innovation Remains Key to Growth
60
Taiwan Not as Attractive as Other Asian Markets
61
Market Overview
61
Table: Structure of Taiwan's Mass Grocery Retail Market by Estimated Number of Outlets
63
Table: Structure of Taiwan's Mass Grocery Retail - Sales Value by Format (TWDbn)
63
Table: Structure of Taiwan's Mass Grocery Retail - Sales Value by Format (US$bn)
63
Table: Average Sales per Outlet by Format - 2012
64
Competitive Landscape
65
Key Players
65
Table: Key Players in Taiwan's Food & Drink Sector
65
Table: Key Players in Taiwan's Mass Grocery Retail Sector
66
Company Analysis
67
Food
67
Uni-President Enterprises
67
I-Mei Foods Co Ltd
68
Want Want Holdings Ltd
69
Drink
70
Hey Song Corp
70
Swire Pacific Ltd (Coca-Cola Taiwan)
71
Taiwan Tobacco & Liquor Corp - Beverage Arm
73
Mass Grocery Retail
74
Taiwan FamilyMart Co
74
Carrefour
75
Risk/Reward Ratings Methodology
76
Table: Rewards
76
Table: Risks
77
Weighting
77
Table: Weighting
77
BMI Food & Drink Industry Glossary
78
Food & Drink
78
Mass Grocery Retail
78
BMI Food & Drink Forecasting & Sourcing
80
How We Generate Our Industry Forecasts
80
Sourcing
81
BMI Methodology
82
Food & Drink Business Environment Ratings
82
Table: Rewards
83
Table: Risks
84
Weighting
84
Table: Weighting
85
BMI Food & Drink Industry Glossary
86
Food & Drink
86
Mass Grocery Retail
86
BMI Food & Drink Forecasting & Sourcing
88
How We Generate Our Industry Forecasts
88
Sourcing
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 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 Indices provide 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 data points to 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%

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