Browse Data and Analysis

The food retail sector in Peru is anticipated to experience 5 percent growth by the conclusion of 2024, attributed to the overall enhancement in the country's economic landscape and targeted strategies devised by both the modern and traditional food channels.

Retail food channels in Taiwan include convenience stores, supermarkets, and hypermarkets, which generated more than $25 billion in sales in 2023. The United States remains the leading supplier of consumer-oriented food and agricultural products to Taiwan.

Taiwan issued a new WTO notification (G/TBT/N/TPKM/541) on June 7, 2024, amending the labeling regulations for liquid milk, which will mainly impact the nomenclature of liquid milk from the United States. Currently, liquid milk from the United States can be labeled as "fresh milk" if it complies with CNS regulation.

ATO Taipei, in partnership with thirteen Taiwan craft beer breweries and four U.S. craft beer importers, delivered a successful consumer-facing craft beer festival that promoted U.S. ingredients through 84 craft beers.

In Taiwan, chocolate is one of the major categories in the sweets department. In 2023, the market imported $141 million worth of chocolate and related products, among which $29 million are from the US, making it Taiwan’s biggest chocolate supplier.

The U.S. Hoppy Duo IPA trade outreach event, featuring lead brewmasters from Sierra Nevada and Fremont breweries, achieved remarkable success in strengthening relations between the U.S. and Taiwan’s craft beer industries.

In 2023, Taiwan imported US$3.7 billion agricultural products from the US, which accounted for 24.47 percent of the island’s total import value. Its food processing industry produced $30 billion of processed food and beverages, among which the strongest subsectors are animal feed, meat processing, baked goods, and non-alcoholic beverages.

Peru has a robust food processing industry that is an integral part of its economy. The food industry contributes to nearly 27 percent of the country's industrial gross domestic product (GDP). However, the non-primary manufacturing sector, which encompasses food and beverage production, experienced a decline of 8.1 percent in 2023.

Peru is an internationally recognized gastronomic hub with opportunities for imported complementary food products. Health restrictions eased during 2021 but the foodservice sector has yet to recover pandemic-related losses. The industry will also...

In MY 2023, Taiwan’s liquid milk production is estimated to reach 474,000 tons and is forecast to see a slight increase in MY 2024. However, the long-term liquid milk outlook is complex and subject to unstable dynamics due to New Zealand dairy products soon to have unlimited tariff-free access to the Taiwan market in 2025.

Peru´s food retail sector grew 2.7 percent in 2022. Growth was driven by better performance of the modern channel, especially in the development of new store formats and an aggressive discounting campaign to encourage sales.

Retail food outlets in Taiwan are comprised of convenience stores, supermarkets, and hypermarkets, which generated $32.8 billion worth of sales in 2022, a 4.57 percent growth from 2021.