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Processed Meat, Seafood and Alternatives To Meat in Hong Kong, China

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    Report

  • 23 Pages
  • March 2024
  • Region: China, Hong Kong
  • Euromonitor International
  • ID: 5567464
In 2023, total volume demand for processed meat, seafood, and alternatives to meat is set to experience solid growth in Hong Kong, primarily driven by the strong rebound in the foodservice channel, thanks to the return of foot traffic and tourism flows. As people have resumed their normal routines and engaged in revenge travel, the demand for dining out has increased, which is set to drive volume growth in the foodservice channel.

The Processed Meat, Seafood and Alternatives to Meat in Hong Kong, China report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2019-2023, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market directly informs our forecasts to 2028, clearly indicating how the market is expected to change.

Product coverage: Meat and Seafood Substitutes, Processed Meat, Processed Seafood, Tofu and Derivatives.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Processed Meat, Seafood and Alternatives to Meat market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN HONG KONG, CHINAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Foodservice channel becomes the growth driver, while chilled and frozen products see stronger popularity
  • Health consciousness continues to drive growth in tofu and derivatives and meat and seafood substitutes
  • New entrants fuel growth momentum of meat and seafood substitutes through foodservice
PROSPECTS AND OPPORTUNITIES
  • Expected growth in foodservice will lead to more products designed for restaurants
  • Plant-based eating will continue to drive growth for meat and seafood substitutes
  • Competition from Shenzhen could become a significant threat to sales in Hong Kong
CATEGORY DATA
  • Table 1 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2018-2023
  • Table 2 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2018-2023
  • Table 3 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2018-2023
  • Table 5 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2018-2023
  • Table 6 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2018-2023
  • Table 7 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2018-2023
  • Table 8 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2018-2023
  • Table 9 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2018-2023
  • Table 10 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2023
  • Table 11 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2020-2023
  • Table 12 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2018-2023
  • Table 13 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2023-2028
  • Table 14 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2023-2028
STAPLE FOODS IN HONG KONG, CHINA
EXECUTIVE SUMMARY
  • Staple foods in 2023: The big picture
  • Key trends in 2023
  • Competitive landscape
  • Channel developments
  • What next for staple foods?
MARKET DATA
  • Table 15 Sales of Staple Foods by Category: Volume 2018-2023
  • Table 16 Sales of Staple Foods by Category: Value 2018-2023
  • Table 17 Sales of Staple Foods by Category: % Volume Growth 2018-2023
  • Table 18 Sales of Staple Foods by Category: % Value Growth 2018-2023
  • Table 19 NBO Company Shares of Staple Foods: % Value 2019-2023
  • Table 20 LBN Brand Shares of Staple Foods: % Value 2020-2023
  • Table 21 Penetration of Private Label by Category: % Value 2018-2023
  • Table 22 Distribution of Staple Foods by Format: % Value 2018-2023
  • Table 23 Forecast Sales of Staple Foods by Category: Volume 2023-2028
  • Table 24 Forecast Sales of Staple Foods by Category: Value 2023-2028
  • Table 25 Forecast Sales of Staple Foods by Category: % Volume Growth 2023-2028
  • Table 26 Forecast Sales of Staple Foods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources