Taiwan: Food Service - Hotel Restaurant Institutional
Link to report:
Taiwan's food service sector suffered a second year of decline due to the pandemic's negative effects as well as food ingredient and logistic cost inflations. Nevertheless, the US continue to be the leading supplier of various ingredients used in the market, such as beef, poultry, and cheese. The market has a westernized palate with a per capita GDP of US $32,917 in 2021 that grew 6.2 percent from the previous year. The sector is projected to rebound once the pandemic subsides and consumers start impulse shop to make up for lost time, which will provide great opportunities for U.S. businesses.