Table grapes are grapes grown for fresh consumption, as opposed to grapes grown for winemaking, juice production, or drying into raisins. Despite all indications that quality and flavor would exceed expectations, smaller-than-expected grape sizes have caused Taiwan table grape producers to see market growth in this region. At retail outlets, seedless grapes are more common than seeded grapes, and it is thought that this trend will spread to Taiwanese markets. When consumers began to favor seedless grapes, this shift began to occur about seven to ten years ago, although it was much less prevalent a decade ago, consumers in Taiwan can now find seedless green grapes in Carrefour Taiwan supermarkets as a matter of course. Previously, only grapes with seeds were readily accessible nowadays, the situation is reversed. This change in supply did not occur by accident; rather, it was the result of careful planning by Carrefour Taiwan's fresh produce importer which grows opportunities for table grapes with the rising consumer spending and high production in the Taiwan region, the market for table grapes in this region is anticipated to boost during the forecasted period.
The increasing grapes production drives the table grapes market in the country.
Taiwan is one of the regions with consistent grape output, which is expected to increase in the next years. According to the Food and Agriculture Organization Corporate Statistical Data, the Taiwan region table grapes production in 2020 was about 74,003 MT. With 18.9% of the world's output, China was the world's top grape producer and this showcases that the table grapes production in the Taiwan region is also huge which will boost the market growth for table grapes in this region. This indicates that table grape production rise in the Taiwan region is also expected to expand significantly, as the region's preference for table grapes grows, which is likely to boost the Taiwan table grape market.
Increased consumer spending and imports of table grapes in Taiwan will drive the market growth
Increasing consumer spending in Taiwan grows the market for different products and thus for table grapes as well which can boost the table grapes market growth in this region. According to the Directorate General of Budget, Accounting, and Statistics (DGBAS), Taiwan's consumer spending reached an all-time peak of 2527107.00 TWD million in the fourth quarter of 2022, up from an average of 1477702.13 TWD million over the years between 1981 and 2022. The increasing imports of table grapes in the Taiwan region will also boost the market growth. According to the USDA data, the table grape import by Taiwan from the Chile region increased from a value of 6,351,691 USD in the period of Oct 2020-August21 to 11,675,122 USD from Oct 2021-August 2022 showing an increase in variation of 83.3 % growth, this substantial import rise showing the demand for the table grapes is huge in Taiwan region market. Higher consumption spending and imports into Taiwan have improved revenue growth, which tends to encourage market growth of table grapes in the Taiwan region.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Variety and Distribution Channel |
| Companies Covered | SNFL Group (AM Fresh Group), Sun World International LLC (Sun World), International Fruits Genetics |
| Customization Scope | Free report customization with purchase |
Segmentation