, Taiwan
Source: Sarah Chai (Pexels)

Baby food sales in Taiwan to grow despite birth rate decline

GlobalData projected it to expand between 3-4% annually. 

Baby food sale in Taiwan is expected to grow by 3-4% compound annual growth rate to $349.3m in 2028, GlobalData reported. 

This is despite the declining birth rate in the market, high inflation as well as amidst efforts of the government to promote breastfeeding. 

“A large proportion of Taiwanese consumers remained at home in 2022, due to the prevailing COVID-19 restrictions and remote working model. As parents prepared meals for their wards at home, overall baby food consumption in Taiwan (PRC) stagnated in 2022,” Shraddha Shelke, Consumer Analyst at GlobalData, said. 

“However, with authorities lifting all COVID-19 restrictions in the last quarter of 2022, consumers have begun leaving their homes more often for studies, work, shopping, socializing, and leisure.”

Read more: Philippines’ baby food market to shrink by 4.5% annually until 2028

Shelke noted the demand for convenient and time-saving infant formula will likely surge as parents transition to hybrid and onsite work. 

Taiwan’s per capita expenditure on baby food will rise from $570.3 in 2022 to $906.6 by 2027, surpassing the Asia-Pacific average of $169.3 and the global average of $164.8 in 2022, Shelke added. 

 

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Sotheby’s opens new maison in Landmark Chater
It features immersive exhibitions and retail across art, luxury, and collectibles.
Stores
Alexander Pollich named CEO of Porsche China
He will now oversee Porsche's crucial Chinese market.
58% of consumers use devices for food purchases
Consumers are spending less time cooking at home, opting for faster and more convenient food options.
E-commerce

Exclusives

The Coffee Bean & Tea Leaf balances quality and convenience through retail products
It expanded its product range, including a variety of single-origin coffees tailored to different roast preferences.
Stores
KCG masters brand positioning for Indonesia’s premium segment
It adopts the latest tech-based solutions to better manage 92 retail stores across 20 cities in Indonesia.
Bacha Coffee masters sensory-rich retailing in Jakarta
Blending heritage and luxury, Bacha Coffee Plaza Senayan immerses Indonesian coffee lovers into a unique experience.

Event News

Event News

Retail Asia Awards 2024 Winner: Jim Thompson (The Thai Silk Company Limited)
Frank Cancelloni, Group CEO of Jim Thompson, highlights the Jim Thompson Heritage Quarter that features a museum about Jim Thompson, an exhibition about their fabrics, an Art Center, and a fashion show with 42 looks.
Retail Asia Awards 2024 Winner: Jim Thompson (The Thai Silk Company Limited)
Frank Cancelloni, Group CEO of Jim Thompson, highlights the Jim Thompson Heritage Quarter that features a museum about Jim Thompson, an exhibition about their fabrics, an Art Center, and a fashion show with 42 looks.