Hong Kong Baked Food & Cereals Market Analysis (2013 - 2023)

This data guide on Baked Food & Cereals provides a complete overview of the market during the period 2010-2018, while the forecast data is provided until 2023. The data guide comprises retail sales, of various categories within Baked Food & Cereals, such as Crackers & Savory Biscuits, Morning Goods, Breakfast Cereals, Sweet Biscuits, and Cakes, Pastries & Sweet Pies, along with their values, volume and channels of distribution. Furthermore, it provides an in-depth analysis of the various segments in the Baked Food & Cereals market, along with their growth perspective, which is expected to help in venturing into specific growth areas.

This guide helps in making well-informed business decisions, primarily regarding the latest market trends and product developments. Extensive secondary and primary researches/interviews are conducted as a part of the market analysis.

In 2018, the Hong Kong Baked Food & Cereals market was valued at 6294 HKD Mn, registering a CAGR of 4.01%. The bread category accounted for the largest market share while registering an average CAGR of 5.39% since 2010. Muffins are the most preferred segment in the Morning Goods category, followed by the Croissants segment. The bread category has been registering a steady growth of 5.39% in CAGR since 2010, which is expected to continue over the forecast period. Among the distribution channels, the Supermarkets and Hypermarkets channel is preferred the most by the majority of the people in Hong Kong.

Some of the Key Takeaways

Specialist Retailers is the second largest distribution channel for the sales of Baked Food & Cereals in Hong Kong.
The Rolls segment is expected to witness a healthy value CAGR of 5.78% during the forecast period.
Frozen Morning Goods accounts for the smallest share in the Morning Goods category, which is expected to witness a CAGR of 4.23% during the forecast period.