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Insight Data :: Analysis of June's Revenue in the Food and Beverage Industry

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圖片 | 經濟部統計處 餐飲業6月份報表

Based on the provided data, here's an analysis of the food and beverage industry’s revenue from 2023 (112th year) to June 2024 (113th year), with a focus on the year-over-year growth rate:


Year 2023 (112th year):


  • The total annual revenue reached NT$1,001.9 billion, representing a 20.4% increase compared to the previous year. This indicates a significant growth in the food and beverage industry for that year.

  • Restaurant business revenue increased by 21.2%, reaching NT$815.2 billion, highlighting that restaurants were the primary growth driver.

  • Beverage stores saw a year-over-year growth rate of 7.7%, with revenue at NT$128.6 billion. Compared to other categories, this growth was relatively steady.

  • The catering and group meal contracting industry experienced remarkable growth, with a year-over-year increase of 45.7%, reaching NT$58.2 billion.


January to June 2024 (113th year):


  • Total revenue reached NT$515.8 billion, with a year-over-year growth rate of 5.1%. Compared to the strong growth in 2023, the growth rate during this period has slowed down.

  • Restaurant revenue grew by 4.1%, reaching NT$417.6 billion, showing a deceleration in growth.

  • Beverage stores grew by 5.8%, with revenue reaching NT$66 billion.

  • The catering and group meal contracting industry continued to maintain growth, with a year-over-year increase of 17.6%, reaching NT$32.2 billion.


The data for this period reflects the rapid overall growth in the food and beverage industry during 2023. However, in the first half of 2024, while growth persisted, the pace slowed down significantly, particularly for restaurants. The catering and group meal contracting industry continued its strong growth momentum, likely reflecting increased demand in this market. The reasons for the continued growth in the catering and group meal contracting industry are analyzed as follows:


  1. Increased demand for airline meals: With the resumption of international travel, the demand for airline meals has significantly increased, driving growth in the catering and group meal contracting industry.


  2. Corporate events and large gatherings: As pandemic restrictions eased, the number of corporate events and large gatherings increased, leading to a rise in demand for catering and group meal services.


 
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