Taiwan is one of the richest economies in Asia. The country’s economy is established on the imports and exports of the goods. Taiwan has a well-built commercial code and open-market policies in the private sector and facilitates free flow trading. The baby food market is comparatively very small and is strictly affected by the low-birth rate in the previous years. Majority of the doctors recommend breastfeeding and advise new mothers to follow safety precautions while managing the attractive baby foods.
According to the market research report “Baby Food in Taiwan“, the baby food market in Taiwan is affected by a chain of food scandals in the past years. Therefore, parents are opting for imported and expensive brands with better quality. Soon after, the country products were upgraded with quality and attractive marketing was organised to attract consumers and improve market growth in baby food. In the coming years, there
will be positive impact on the baby foods market with the improved consumer disposable income. The growing urbanization and increase in the number of working mothers also increase the growth of the baby food market.
In Taiwan, Nestle Taiwan Ltd., Mead Johnson Nutrition (Taiwan) Ltd., Standard Foods Corporation, Abbott Laboratories Services Corp., and Hipp are the major competitors in the baby food market. Nestlé Taiwan Ltd., Standard Foods Corporation, Abbott Laboratories Services Corp., and Hipp offer many varieties of dried baby foods, milk formulas, ready-to-eat baby food and others. However, Mead John offers a few limited brands of baby milk formula stage-wise. Standard Foods is the only multi-national company that is currently manufacturing baby foods in Taiwan. The baby food products are milk, cereals, ready-to-eat meals, finger foods, and drinks.
Geographically, the baby food market is segmented into North America (the USA, Canada and Mexico), Europe (Germany, the UK, France, Italy, Spain & Portugal, Scandinavia, BENELUX), Asia-Pacific (China, Japan, India, Australia and New Zealand, South Korea), the Middle East and Africa (GCC and South Africa) and Latin America (Brazil and Argentina). The global competitors in the baby food market are Nestle, Mead Johnson Nutrition, DANONE, Meiji Holdings Co.Ltd., Abbott Nutrition, The Kraft Heinz Company, FrieslandCampina, Beingmate Baby & Child Food Co.Ltd., Pfizer and Others.
The sales of convenient baby foods in Taiwan have decreased over the years. The slow birthrate and awareness in breastfeeding is expected to decrease the growth in the baby foods market in the coming years. It is expected by the year 2022, that there will be growth in the retail sales of baby foods in Taiwan but the volume sales of baby foods may deteriorate.
Key Topics Covered in the Report:
Taiwan Baby Food Market Research Report
Taiwan Baby Food Market Size
Taiwan Baby Food Market
Online Baby Food Sales Malaysia
Taiwan Baby Food Retail Market
Taiwan Baby Food Production Output
Taiwan Baby Food Import Volume
Taiwan Baby Food Export Volume
Taiwan Baby Food Market Future Outlook
Taiwan Baby Food Market Competition
Baby Cereal Market Malaysia
Infant Formula Market Malaysia
Malaysia Dry Baby Food Market Research
Malaysia Baby Food Market Regulations
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Ankur Gupta, Head Marketing & Communications