Demand for yoghurt through retail in Taiwan is predicted to stagnate over the forecast period, while marginal improvements for foodservice are more likely once consumers regain their confidence in dining out as the threat of the pandemic wanes. With less than dynamic growth prospects, the category will welcome expansion in the form of smaller players which could offer greater differentiation and offer competition to prominent local players such as Standard Foods, Uni-President and Kuang Chuan Dairy.
The dominant drinking yoghurt is set to stagnate in retail volume terms over the forecast period. The category traditionally offered sweet and mostly fruit flavours, driven by on-the-go consumption with many Taiwanese consumers purchasing these products to alleviate thirst, or as an indulgence that differs from the healthy perception linked to spoonable plain/flavoured yoghurt.
Plain yoghurt is predicted to continue to record the strongest performance in retail and foodservice terms. Although volume growth will not be as impressive compared to the review period, value growth (at constant 2022 prices) will outperform volume due to a further increase in the average unit price, as the category continues to expand with premium options.
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This is the aggregation of sour milk products and yoghurt. Note: Plant-based yoghurt and sour milk products should be excluded from this category and tracked under plant-based yoghurt.See All of Our Definitions
This report originates from Passport, our Yoghurt and Sour Milk Drinks research and analysis database.
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