From 2014 to 2023, the infant food market size volume in Taiwan experienced fluctuations, peaking at 7.0 thousand metric tons in years 2014, 2016 and dipping to 5.7 in 2020. By 2023, the volume stabilized around 6.0 thousand metric tons, indicating no percentage change from the previous year. The compounded annual growth rate (CAGR) for the past five years has been neutral.
The forecasted data from 2024 to 2028 suggests a declining trend, with a predicted slight average annual decrease of approximately 0.68% and an overall five-year shrinkage rate of 3.34%.
Future trends to watch for include potential demographic changes, shifts in consumer preferences towards alternative baby nutrition products, and regulatory impacts that could further influence market dynamics.
