-
Ice cream industry hits production value of NT$2.8B in 2022
Taiwan’s ice cream industry has reached a record-high production value of NT$2.8 billion in 2022, with an average year-on-year growth of 8.3% over the past five years, according to the Ministry of Economic Affairs (MOEA). This growth is attributed to Westernized eating habits, health-conscious consumption, and the introduction of new flavors that cater to Taiwan’s hot climate. The rise of the ice cream sector has also contributed to the steady growth of Taiwanese dairy consumption, which reached a peak production value of over NT$40 billion in both 2021 and 2022. Despite this growth, Taiwan primarily relies on dairy imports, with an annual increase of 11.1%. New Zealand is the main import source, followed by the U.S., France, and Australia, accounting for 12.6%, 8.7%, and 7% respectively. These imports mainly consist of cheese, dry cheese, and dairy-based spreads.2023/11/07 13:11