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Overall Growth Rate:
The overall revenue of the food and beverage industry continues to grow, but the growth rates vary across different categories.Compared to the same period last year:
The total cumulative growth rate is 3.1%.
Restaurant revenues increased by 2.2%.
Beverage store revenues grew by 3.9%.
Catering and group meal services saw the highest growth at 13.9%.
Monthly Performance:
In October, the total revenue of the food and beverage industry was 81.9 billion NTD, slightly down by 1.8% compared to the previous month.Although there was a decline overall, year-on-year comparisons showed notable growth in:
Beverage stores: +2.2%.
Catering and group meal services: +9.7%.
Year-to-Date Cumulative:
As of October, the total cumulative revenue for the food and beverage industry has reached 855.8 billion NTD.
Restaurants account for approximately 81% of the total.
Beverage stores make up 13%.
Catering and group meal services contribute 6%.
Possible Reasons for Revenue Decline:
Restaurant Revenue Decline (-3.3%):
Market Weakness: Key consumer groups may be reducing dining-out frequency due to economic uncertainties.
Inflation Pressure: Rising food prices might lead consumers to opt for more affordable dining options.
Increased Competition: The growing number of similar restaurants has diluted customer traffic.
Shift in Consumer Behavior: Consumers may prefer delivery or takeout, impacting dine-in business.
Beverage Store Revenue Growth (+2.2%):
Stable Demand: Beverages (e.g., bubble tea, coffee) are less affected by economic fluctuations.
Effective Branding and Promotions: Marketing campaigns and new product launches continue to attract customers.
Support for Takeout Trend: Beverages align well with fast consumption habits, boosting sales.
Catering and Group Meal Service Growth (+9.7%):
Accelerated Recovery: Demand for corporate events, weddings, and school meals has rebounded strongly.
Expansion of Group Orders: Increased large-scale events have driven significant growth in this sector.