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Top Growth Opportunities: Dairy and Soy Food in Hong Kong

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  • 68 Pages
  • October 2019
  • Region: Hong Kong
  • GlobalData
  • ID: 4850651
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Top Growth Opportunities: Dairy and Soy Food in Hong Kong


Top Growth Opportunities for Dairy and Soy Food in Hong Kong provides recommended actions and detailed analysis of how to target the best growth opportunities for Dairy and Soy producers and retailers. Readers can understand what categories, channels, companies, and consumers will drive the success of Dairy and Soy Food markets in Hong Kong through the author's detailed and robust data, expert insight, and case studies.

Top Growth Opportunities for Dairy and Soy Food in Hong Kong provides an overview of the dairy and soy market, analyzing market data, demographic consumption patterns within the category, and the key consumer trends driving consumption. the author's proprietary Risk vs Reward Opportunity model pinpoints the best growth opportunities for Dairy and Soy Food producers, suppliers and retailers by combining robust, granular data and expert insight. The report uses this framework to identify the best opportunities, analyze white spaces in the market, and outline new product development that will effectively target the most pertinent consumer need states. These are combined to offer strategic recommendations to capitalize on evolving consumer landscapes.

Get access to -
  • Key consumer demographic groups driving consumption within the Hong Kong market. Improve your consumer targeting by understanding who’s driving the market, what they want, and why.
  • A study of market value and volumes over 2013-2018 for Hong Kong, supplemented with category, brand and packaging analysis that shows the current state of the market, and how it will evolve over the 2018-2023 period
  • White space analysis, to pinpoint attractive spaces in the market and the key actions to take
  • Insight into the implications behind the data, and analysis of how the consumer needs will evolve in the short-to-medium term future
  • Examples of international and regional product innovation targeting key consumer needs

  • The Hong Kong Dairy and Soy sector ranked fifth on the Opportunity Score.
  • An improving economy and rise in consumers’ disposable incomes have resulted in rising consumer confidence. Consumers are therefore increasingly seeking premium dairy and soy products.
  • Supported by solid GDP growth and positive macroeconomic factors, Hong Kong's dairy and soy food sector is poised to witness value growth at a CAGR of 6.1% over the 2018-2023 period.
  • The per capita expenditure on dairy and soy food products grew at a CAGR of 3.4% during 2013-2018 and is expected to grow at a stronger CAGR of 5.3% over 2018-2023.

Reasons to Buy
  • This report brings together consumer analysis and market data to provide actionable insight into the behavior of Hong Kong's Dairy and Soy Food consumers, developed from extensive consumption surveys and consumer group tracking, which quantifies the influence of multiple consumption motivations in the Dairy and Soy Food sector.
  • Category, brand, and packaging dynamics are also examined. This allows product and marketing strategies to be better aligned with the leading trends in the market.

Table of Contents

1. Introducing a top growth market for dairy and soy food
  • Top 10 global growth opportunities scores
  • Top global issues
  • Assessment against global strategic issues
  • Strategic issues map
  • Predicted future issues for the global sector
  • Reward and risk assessment
  • Opportunity score - overview
  • Consumer spending trends - peer group comparisons
  • Political, economic, social, and technological analysis
  • Enablers and inhibitors of growth
  • Rewards and opportunities for growth
  • Summary of the market

2. Market insight - identifying the opportunities to move into
  • Market growth by category
  • Value growth of the market
  • Volume growth of the market
  • Level of premiumization by category
  • Category analysis - key drivers of change

3. Retail and distribution insight - key channels and retailers driving growth
  • Dairy and soy food retail channel share
  • Key retail channel trends
  • Routes to market
  • Drivers of change in the sector

4. Company and brand insight - the competitive landscape defined
  • Category fragmentation
  • Company and brand strength
  • Private label penetration
  • Brand share by leading supplier
  • International and domestic brand analysis
  • Company and brand strength summary

5. Consumer insight - who, what, when, where and why
  • Strategic issues map
  • Key consumer driver implications
  • Key consumers trends
  • Key health and wellness trends
  • Penetration of health and wellness claims by category
  • Consumer trends summary

6. Product and packaging insights
  • Key product insights
  • Trends and strategic issues - other notable product trends
  • Key product innovation case studies
  • Key Packaging Insights
  • Trends and strategic issues
  • Product launch key take-outs

7. White spaces and innovation opportunities - space to move into
  • Growth segments to target
  • Consumer spaces to target

8. Appendix and definitions
List of Tables
  • Visualization of 10 countries growth opportunities
  • Reward and risk assessment
  • Market value and split, 2013-2023
  • Winners and losers by category, value, 2018-2023
  • Volume growth by category, 2013-2023
  • Winners and losers by category, volume, 2018-2023
  • Dairy and soy food category fragmentation, 2018
  • Key consumption volume shares by consumer group, 2018
  • Key consumption motivators by category, 2018
  • Key consumption motivators by category, 2018 (continued)
  • Top categories by volume and CAGR, 2013-2018

List of Figures
  • Map of top opportunity markets
  • Map of top global issues
  • Global issue web
  • Strategic issues map
  • Average consumer spend, peer group comparisons, 2013-2023
  • Market value and split, 2013-2023
  • Value growth by category, 2013-2018 and 2018-2023
  • Value market growth by category, 2013-2023
  • Winners and losers by category, volume, 2018-2023
  • Value and volume growth by category, 2013-2023
  • Private label penetration and CAGR, 2013-2018
  • Cumulative value share by brand, 2018
  • Penetration of health and wellness claims by category, 2018
  • Packaging materials volume share, 2018 and 2023
  • Packaging closure materials volume share, 2018 and 2023
  • Projected CAGR for top five categories by value, 2018-2023
  • Price change by category, 2018

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Wellcome
  • 759 Store
  • ParknShop
  • CR Vanguard
  • Market Place
  • DCH Foodmart Deluxe
  • 7-Eleven
  • Circle K
  • Shell