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BMI Is Forecasting Food Consumption Growth in Per Capita Terms Of 16.4% to 2012 in Taiwan
Thursday July 24, 08:30 PM
Research and Markets (http://www.researchandmarkets.com/research/2871c4/taiwan_food_and_dr) has announced the addition of the "Taiwan Food and Drink Report 2008" report to their offering.
This Taiwan Food Drink Report provides independent forecasts and competitive intelligence on Taiwan's food and drink industry.
Investment activity in Taiwan's food and drink sector throughout 2007 confirms that the market remains a mixed bag for investors. High consumer spending levels, driven by sound economic fundamentals and illustrated in a per capita food consumption level of US$1,992 in 2007, are highly attractive to investors. Food consumption growth is also appealing; to 2012, BMI is forecasting food consumption growth in per capita terms of 16.4% in Taiwan. Nonetheless, as this report makes clear, sector dynamism is no longer quite what it was and consequently the country's leading food and drink players are increasingly looking elsewhere for opportunities.
Two recent developments ably highlight this trend. In January 2008, local traditional snack food producer Want Want Holdings revealed that it was to pursue a US$700mn initial public offering in a bid to raise funds for expansion on the Chinese mainland. The company is confident that its combination of convenient and premium snack foods and traditional concepts and flavours will prove popular with aspirational Chinese consumers, and it is seeking a Hong Kong listing to facilitate its move. In November 2007, a similar strategy was pursued by leading local food processor Uni-President Enterprises. The company also plans to list in Hong Kong in an effort to raise around US$700mn to help build market share in China's instant noodle and soft beverage industries. Uni-President's strategy is particularly pressing, with the company eager to take advantage of the exposure that Beijing's hosting of the 2008 Olympics will bring. Both companies are also keen to list in Hong Kong in order to overcome legislation preventing Taiwanese firms from investing more than 40% of their capital on the mainland. The overwhelming prioritisation of China depicts Taiwan as a low opportunity market and yet this is very much not the case. Existing sales levels and future growth prospects, coupled with Taiwan's perceived low risk investment environment, have seen the market reach third place in Asia Pacific Food & Drink Business Environment Ratings - which assess a market's investment potential in comparison to its regional peers.
This potential has much to do with the country's thriving mass grocery retail industry. Here, international hypermarket majors, such as Carrefour and Dairy Farm, stand alongside innovative convenience retail majors, such as the local subsidiaries of Japanese giants 7-Eleven and FamilyMart. As all retailers look to boost their competitiveness by offering ever-more premium and added-value products and services, food and beverage manufacturers are given ready and widespread distribution for their brands. Taiwan's high spending levels and dynamic retail sector should ensure that the market remains an important consideration for regional food and drink investors, even if it can no longer compete with the likes of China when it comes to long term growth prospects.
Key Topics Covered:
Executive Summary
Business Environment
Regional Food & Drink Business Environment Ratings
Table: Asia Pacific Food & Drink Business Environment Ratings - Q108
Taiwan's Food & Drink Business Environment Rating
SWOT Analysis
Mass Grocery Retail
Taiwan Mass Grocery Retail Industry SWOT
Food and Drink
Taiwan Food & Drink Industry SWOT
Macroeconomic Outlook
Table: Economic Activity
Retail
Regional Overview: Declining Role Of Independent Retail In Asia Pacific
Table: MGR Versus Independent/Traditional Retailers In Selected Asia Pacific Markets, 2006 (store numbers)
Table: MGR versus Independent/Traditional Retailers In Selected Asia Pacific Markets, 2006 (sales, US$mn)
Industry Forecast Scenario
Table: Taiwan Retail Indicators - Sales Value by Format (US$bn) - Historical Data & Forecasts
Table: Sales Breakdown by Retail Format Type - 2006
Industry Developments
Market Overview
Structure of Taiwan's Mass Grocery Retail Market by Estimated Number of Outlets
Table: Structure of Taiwan's Mass Grocery Retail - Sales Value by Format (US$bn)
Table: Average Sales per Outlet by Format - 2007
Food and Drink
Food Regional Overview: Confectionery in the Asia Pacific region
Table: Leading Global Chocolate Manufacturers
Table: Leading Confectionery Companies in the Asia Pacific Region
Drink Regional Overview: Wine In The Asia Pacific Region
Table: Australian Wine Exports To Selected Asian Markets
Table: Wine Sales In Selected Asia Pacific Markets - Historical Data And Forecasts (mn litres)
Industry Forecast Scenario
Food
Table: Food Consumption Indicators - Historical Data & Forecasts
Table: Value/Volume Sales of Selected Food Sub-sectors - Historical Data & Forecasts
Table: Food, Drink & Tobacco Sectoral Trade Indicators (US$mn)
Drink
Table: Taiwan Beverage Sub-sectors, Value Sales - Historical Data & Forecasts
Industry Developments
Food
Drink
Market Overview
Food
Drink
Tobacco
Industry Forecast Scenario
Table: Cigarette Value/Volume Sales - Historical Data & Forecasts
Industry Developments
Market Overview
Competitive Landscape
Key Players
Mass Grocery Retail
Key Players in Taiwan's Mass Grocery Retail Sector, 2006
Food and Drink
Key Players in Taiwan's Food & Drink Sector, 2006
Regional Company Case Studies
Food: Unilever In The Asia Pacific Region
Table: Per Capita Food Consumption in Selected Asia Pacific Markets (US$)
Drink: San Miguel Corporation In The Asia Pacific Region
Table: San Miguel Corporation In The Asia Pacific Region
Table: San Miguel Corporation Revenue And Earnings Growth By Operating Division, Q107 (%)
Table: San Miguel Corporation - Sales By Market (US$mn)
Table: San Miguel Corporation - Key Historical Data
Mass Grocery Retail: Metro In The Asia Pacific Region
Table: Metro Group - Five-Year Financial Results
Company Analysis
Mass Grocery Retail
Taiwan FamilyMart Co
Carrefour
Food
I-Mei Foods Co Ltd
Want Want Holdings
Drink
Swire Coca-Cola Taiwan
Taiwan Tobacco & Liquor Corp - Beverage Arm
Food & Drink Ratings Appendix
Introduction: Revised Methodology
Ratings Overview
Ratings System
Indicators
Limits of Potential Returns
Risks to Realisation of Potential Returns
Weighting
Weighting
BMI Forecast Modelling
How We Generate Our Industry Forecasts
Retail Industry
Sources
BMI Forecast Modelling
How we generate our industry forecasts
Retail Industry
Sources
Companies Mentioned:
- San Miguel
- Mass Grocery Retail
- Taiwan FamilyMart Co
- Carrefour
- Food
- I-Mei Foods Co Ltd
- Want Want Holdings
- Drink
- Coca-Cola
- Mass Grocery Retail
- Taiwan FamilyMart Co
- Carrefour
For more information visit http://www.researchandmarkets.com/research/2871c4/taiwan_food_and_dr.
Contact:
Research and Markets Laura Wood Senior Manager press@researchandmarkets.com Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716
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