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Learn moreApr 2020
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Consumer foodservice in Taiwan continued to record healthy growth in 2019, due to an increase in dining out. As the number of double-income families is on the rise, consumers have less time to prepare meals at home.
Busy lifestyles and an increasing number of double-income households have led consumers in Taiwan to eat out more often, rather than cook at home. According to the country’s department of statistics, consumer spending in restaurants and hotels continued to rise in 2019.
Consumers in Taiwan are fond of novelty and are typically open to trying new things, including food and restaurants. In addition, barriers to entry in foodservice, in terms of investment and technical sophistication, are relatively low compared to many other industries.
In Taiwan, there are few third party restaurant review platforms or forums that compile restaurant information and customer reviews in one place. Consumers tend to rely more on blog articles and social media, such as Facebook and Instagram, when searching for restaurants on the internet.
When the first food delivery platform, Foodpanda, entered Taiwan in 2012, many questioned its viability, considering the country’s high density of restaurants and convenience stores, where consumers can easily get daily meals and snacks. The penetration of digital devices and the internet into every aspects of daily life has, however, proved irresistible, and the younger generation has become more open to the new business models and services brought by state-of-the-art technologies.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Foodservice industry in Taiwan with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Foodservice industry in Taiwan, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Taiwan for free:
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Why buy this report?
This industry report originates from Passport, our Consumer Foodservice market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.