The demand for infant food in Taiwan has been relatively steady over the past decade, with minor fluctuations. In 2023, the value stood at 6.0 thousand metric tons, showing no variation from 2022. Over the last two years, demand has plateaued, and the compound annual growth rate (CAGR) from 2019 to 2023 was 0%. Analyzing longer-term trends, from 2014 to 2023, we can see periods of slight decline and recovery, reflecting minor market volatility. The year 2020 saw a small dip, while 2021 experienced a moderate recovery.
Future demand from 2024 to 2028 is forecasted to decline gradually, with a 5-year CAGR of -0.68%, resulting in a 3.34% decrease overall. This suggests a slight but consistent downward trend in the demand for infant food.
**Future Trends to Watch For:**
- Demographic shifts, including declining birth rates, which could further impact demand.
- Health and nutritional trends influencing consumer preferences towards organic or specialized infant foods.
- Economic factors, such as disposable incomes and parental spending power, which could alter market dynamics.
