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Taiwan Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2028

Publisher GlobalData
Published Feb 28, 2023
Length 121 Pages
SKU # GBDT17836558

Description

Taiwan Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2028

Summary

“Taiwan Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2028” is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Taiwanese market.

The number of live births in Taiwan declined by 26.8% during 2016-22, reaching 144,000 in 2022. This resulted in a baby population of 463,100 in 2022. The GDP of Taiwan grew by 3.1% in 2022, primarily owing to the recovering economic conditions, while consumer price inflation stood at 3%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 0.2% during 2016-22. However, in volume terms, sales declined in 2022, with the sector decreasing at a negative CAGR of 4.3%. Baby milks remained by far the largest category in value terms with over 65% of the baby food sector, followed by baby cereals & dry meals. Nestlé and Abbott Laboratories were the top two companies in 2022. Nestlé retained the top spot in value during 2016-22. Drugstores & pharmacies remained the leading distribution channel, accounting for over 55% of overall value sales in 2022. GlobalData estimates that the number of live births will decrease over the forecast period in Taiwan. Similarly, the market for baby food in the country is expected to decline in volume terms during 2022-28, registering a negative CAGR of 2.0%.

What else does this report offer?
  • Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
  • Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
  • Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
  • Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
  • Future projections considering various trends which are likely to affect the industry.
Scope
  • Value sales of baby milks grew from TWD5 billion ($155.4 million) in 2016 to TWD5.1 billion ($183.9 million) in 2022, at a CAGR of 0.1%.
  • Volume sales of baby cereals & dry meals decreased from 3.4 million kg in 2016 to 2.73 million kg in 2022, at a negative CAGR of 3.6%.
  • Value sales of the baby wet meals & other category rose from TWD115.7 million ($3.6 million) in 2016 to TWD135.6 million ($4.9 million) in 2022, at a CAGR of 2.7%.
  • During 2016-22, per capita consumption of baby finger food declined by 12.6%.
  • During 2016-22, per capita expenditure on baby drinks decreased by 22.7% in current price terms, and by 28% in constant price terms.
Reasons to Buy
  • Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
  • Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
  • Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
  • Investigates which categories are performing the best and how this is changing market dynamics.

Table of Contents

121 Pages
    • Executive Summary
    • Value and Volume Growth Analysis by Region
    • Growth Analysis of Taiwan Compared with Other Leading Countries in Asia-Pacific
    • PCC and PCE of Taiwan Compared with Global and Asia-Pacific Markets
    • Births - Live Birth Rates
    • Births - Birth Rates by Region
    • Births - Incentives for Childbirth
    • Sociodemographic Trends
    • Sociodemographic Trends
    • Working Women
    • Working Women - Legislation
    • Breastfeeding Trends - Legislation
    • Breastfeeding Trends - Promotion
    • Breastfeeding Trends - Prevalence
    • Regulations
    • Taiwan Baby Food Sector Snapshot
    • Market Size Analysis
    • Manufacturer Shares
    • Baby Milks
    • Baby Cereals & Dry Meals
    • Baby Wet Meals & Other
    • Baby Finger Food
    • Baby Drinks
    • Imports
    • Exports
    • Channel Share Analysis
    • Baby Food Retailing
    • GDP Growth and Inflation
    • Future Trends
    • Definitions - Category
    • Definitions - Terminology
    • Baby Population: A fall of 23.6% is expected during 2022-28
    • Sector Value: In 2022, the market’s value sales amounted to $264.1 million, of which baby milks accounted for $183.9 million
    • Sector Value: In constant price terms, sales decreased by 6.1% during 2016-22
    • Sector Volume: Baby food consumption amounted to 8.7 million kg in 2022
    • Per Capita Expenditure: Expenditure per baby aged 0-36 months stood at $570.3 in 2022
    • Per Capita Expenditure: Spending in real terms rose by 28.3% during 2016-22
    • Per Capita Consumption: Intake per baby aged 0-3 years was 18.8kg in 2022
    • Baby Milks: In 2022, growing-up milk was the largest segment in the baby milks space, accounting for 56.7% of value sales
    • Value Forecasts: During 2022-28, the value of the overall market will increase by 32.2%
    • Value Forecasts: Value sales in constant terms are anticipated to total TWD8.1 billion ($319.4 million) in 2028
    • Volume Forecasts: Baby food consumption will total 7.71 million kg in 2028
    • Per Capita Forecasts: Expenditure is forecast to reach $987.6 per baby in 2028
    • Per Capita Forecasts: In constant terms, per capita expenditure is projected to reach TWD22,929.3 ($987.6) in 2028
    • Per Capita Forecasts: Intake per baby aged 0-3 years is set to stand at 21.8kg in 2028
    • Exchange Rates (LCU per $)
    • Store Checks: A total of 109 SKUs were recorded by GlobalData, with the baby milks category making up the largest proportion
  • Methodology

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