top of page
Writer's pictureNew Open

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

New Open | 策略聚焦                                                                  圖片 | 經濟部統計處

 
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%):

  1. Market Weakness: Key consumer groups may be reducing dining-out frequency due to economic uncertainties.

  2. Inflation Pressure: Rising food prices might lead consumers to opt for more affordable dining options.

  3. Increased Competition: The growing number of similar restaurants has diluted customer traffic.

  4. Shift in Consumer Behavior: Consumers may prefer delivery or takeout, impacting dine-in business.


Beverage Store Revenue Growth (+2.2%):

  1. Stable Demand: Beverages (e.g., bubble tea, coffee) are less affected by economic fluctuations.

  2. Effective Branding and Promotions: Marketing campaigns and new product launches continue to attract customers.

  3. Support for Takeout Trend: Beverages align well with fast consumption habits, boosting sales.


Catering and Group Meal Service Growth (+9.7%):

  1. Accelerated Recovery: Demand for corporate events, weddings, and school meals has rebounded strongly.

  2. Expansion of Group Orders: Increased large-scale events have driven significant growth in this sector.


 
0 views
bottom of page