Taiwan: Food Service - Hotel Restaurant Institutional
Taiwan's HRI industry has fully bounced back with 2022 revenue surpassing pre-pandemic records. The market has a westernized palate with a high per capita GDP of US$33,004, showing that consumers are not only willing but also more than capable of trying foreign cuisines. Notably, exports of U.S. consumer-oriented agricultural products to Taiwan grew 14.65 percent year-on-year. The US continues to be the leading supplier of various food ingredients for the market, such as beef, poultry, and vegetables. However, some countries, including New Zealand, have signed FTAs with Taiwan, thus becoming fierce competition for U.S. exporters.