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Food Industry Insights | Analysis of Year-over-Year Growth Rate in August Restaurant Revenue

Updated: Nov 28

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112 Annual Revenue:
  • The total annual revenue of the restaurant industry reached 1,001.9 billion TWD, with an annual growth rate of 20.4%.

  • Restaurant revenue amounted to 815.2 billion TWD, a growth rate of 21.2%.

  • Catering and group meal contracting services earned 58.2 billion TWD, with an impressive growth rate of 45.7%.

  • Beverage shops earned 128.6 billion TWD, with a growth rate of 7.7%.


113 Revenue (Q1-Q3):

  • The total revenue for the restaurant industry from Q1 to Q3 was 774.1 billion TWD, reflecting a year-over-year growth of 3.6%.

  • Restaurant revenue reached 627.4 billion TWD, a growth rate of 2.9%.

  • Catering and group meal contracting services revenue was 47.2 billion TWD, growing by 14.5%.

  • Beverage shops earned 99.6 billion TWD, a growth rate of 4.0%.


Trend Comparison:

  • Last year (112), the restaurant industry experienced high overall growth, with all segments showing significant increases, particularly catering and group meal contracting services, which grew by 45.7%.

  • In contrast, growth this year (113) through Q3 has been more moderate, with slower growth rates than last year. Restaurant and beverage shop revenue growth has tapered off, while catering and group meal contracting services still showed strong growth, albeit lower than last year’s peak.


Comprehensive Analysis:

In September, the restaurant industry’s revenue reached 84.6 billion TWD, with a year-over-year increase of 4.1%. This growth was mainly driven by Mid-Autumn Festival gatherings, expansion of outlets, and promotional activities. However, as the holiday occurred earlier this year, some gift box sales were shifted to the previous month, slightly offsetting the overall increase. Restaurants and beverage shops grew by 4.0% and 0.5%, respectively, while catering and group meal contracting services increased by 13.6% due to a continued rise in in-flight meal sales. From January to September, total revenue reached a record high of 774.1 billion TWD, up by 3.6% year-over-year.


Strategy Suggestions:

Focus efforts on the right strategies. Leave your resources on what matters. For more guidance, consult the Start-Up Consulting Team.


 
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