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Retail food outlets in Taiwan are comprised of convenience stores, supermarkets, and hypermarkets, which generated $32.4 billion worth of sales in 2021, a 2.2 percent growth from 2020. The United States continues to be the leading supplier of consumer-oriented food and agricultural products to Taiwan with popular products such as beef and fresh fruit taking over 30 percent of total market share.

On June 3, Japan’s Ministry of Agriculture, Forestry, and Fisheries affirmed that it would maintain the tariff-rate quota volumes for butter at 7,600 MT and non-fat dry milk (NFDM) at 750 MT for Japanese fiscal year (JFY) 2022, in line with its...

According to the Department of Statistics, Malaysia’s food and beverage sales contributed 11.8 percent ($1.7 billion) to total wholesale sales value of $14 billion for January-April 2022, with a growth of 11.5 percent over the same period last year. The country’s food retailers continue to rapidly develop, and premium grocery stores and convenience outlets are increasingly popular.

The easing of pandemic mobility restrictions and the recent national elections boosted food and beverage retail sales. Though the sector failed to sustain growth last year, key retail companies remain confident about growing the market in 2022.

Singapore’s food retail sector is highly developed and competitive. The industry is comprised of a range of large supermarkets/hypermarkets, convenience stores, “mom and pop” traditional stores, and specialty retailers. Industry analysts report total retail food sales surpassed $7 billion USD in 2021.

This report gives an overview of Thailand’s food retail sector and current market updates. The food and beverage industry is one of the biggest retail segments in Thailand. Food and beverage sales grew more in 2021 than the previous year due to increased in-home consumption and cooking at home.

Despite COVID-19's widespread impacts on Vietnam for most of 2021, total retail sales were estimated at approximately $172 billion, marginally up 0.2 percent over 2020, according to Vietnam’s General Statistical Office (GSO). The fourth and largest wave of COVID-19 started on April 29, 2021, and rapidly spread across Vietnam, severely affecting all industries, including the retail food sector.

In 2021, the total value of all food and beverage retail sales in Indonesia totaled $72 billion, a 12 percent decrease from the previous year due to COVID-19 pandemic social distancing measures. Traditional markets still dominate the retail food and beverage sector, accounting for 76 percent of market share, although they continue to lose market share to modern retail stores and e-commerce.