Taiwan’s economy continues to hamper consumer foodservice. Low spending power, job insecurity and long working hours for consumers have placed further pressure on operators to provide greater value.
With a tight competitive environment and the constrained spending power of consumers, consumer foodservice players are continually seeking ways to achieve a unique appeal beyond their menus. One major way in which this is being achieved at present is tapping into the “fear of missing out” sentiment prevalent in Taiwanese culture.
Overall, chains are performing better than independent operators in consumer foodservice. This is especially the case in regard to convenience stores limited-service restaurants.
Independent consumer foodservice players strengthened their presence within cafés/bars in 2018. This channel is not necessarily more expensive, but offers consumers a greater diversity of options to explore, which is especially appealing amongst younger Taiwanese people.
Consumer foodservice in Taiwan is expected to experience steady growth over the forecast period. Several key factors are likely to contribute to rising prices.
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Discover the latest market trends and uncover sources of future market growth for the Consumer Foodservice by Location industry in Taiwan with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Consumer Foodservice market research database.