2016 Annual Food Service
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 12/23/2016 GAIN Report Number: TW16038 Taiwan Food Service - Hotel Restaurant Institutional 2016 Annual Approved By: Chris Frederick Prepared By: Cleo Fu Report Highlights: This report provides an overview of the Taiwan’s foodservice industry and its various sub-sectors. The foodservice industry continued to expand with an economic contribution of NT$424 billion (US$12.82 billion) in 2015. Strong sales trends were also seen in the first three-quarters in 2016, despite a decline in tourism from mainland China. Post: Taipei ATO SECTION I. MARKET SUMMARY According to the Ministry of Economic Affairs (MOEA), the economic output of Taiwan’s food service sector, excluding institutional food service, is estimated at US$12.82 billion in 2015, a 2.7 percent increase from 2014. The increase in tourist arrivals helped drive foodservice revenue growth. Other factors such as the rise in consumer income, smaller family size, a growing number of working women, development of e-commerce, drive the food service sector. Source: Ministry of Economic Affairs (MOEA) Taiwan consumers enjoy a very diverse food environment. In addition to traditional Chinese food cuisines, Japanese BBQ (Yakiniku), hot pot (shabu shabu), Thai foods, Italian cuisines, western fast foods and several other ethnic varieties are seen everywhere. As food trends change, many of these cuisines, do not stay popular for long, and only a few types of cuisines become integrated into local food culture.
[Show full text]