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Staple Foods in Hong Kong, China

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    Report

  • 66 Pages
  • March 2024
  • Region: China, Hong Kong
  • Euromonitor International
  • ID: 5567474
Staple foods has faced a challenging year in 2023, as many consumers in Hong Kong have shifted their spending from retail to foodservice. After three years impacted by the pandemic, consumers have been eager to dine out and experience travel, which is set to lead to a decrease in retail volume sales of staple foods. The resumption of travel and the return to office routines has reduced the occasions and time available for Hong Kong consumers to eat or cook at home.

The Staple Foods 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: Baked Goods, Breakfast Cereals, Processed Fruit and Vegetables, Processed Meat, Seafood and Alternatives to Meat, Rice, Pasta and Noodles.

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

Why buy this report?

  • Get a detailed picture of the Staple Foods 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

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 1 Sales of Staple Foods by Category: Volume 2018-2023
  • Table 2 Sales of Staple Foods by Category: Value 2018-2023
  • Table 3 Sales of Staple Foods by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Staple Foods by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Staple Foods: % Value 2019-2023
  • Table 6 LBN Brand Shares of Staple Foods: % Value 2020-2023
  • Table 7 Penetration of Private Label by Category: % Value 2018-2023
  • Table 8 Distribution of Staple Foods by Format: % Value 2018-2023
  • Table 9 Forecast Sales of Staple Foods by Category: Volume 2023-2028
  • Table 10 Forecast Sales of Staple Foods by Category: Value 2023-2028
  • Table 11 Forecast Sales of Staple Foods by Category: % Volume Growth 2023-2028
  • Table 12 Forecast Sales of Staple Foods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
BAKED GOODS IN HONG KONG, CHINAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Resumption of tourist and other foot traffic drives the consumption of baked goods
  • Increasing cost pressures and demand for premium baked goods lead to value growth
  • Retail sales remain sluggish for dessert mixes and dessert pies and tarts, due to the demand for premium desserts in foodservice
PROSPECTS AND OPPORTUNITIES
  • Positive outlook for artisanal and premium baked goods likely to attract new entrants
  • Bakehouse’s balanced strategy in B2C and B2B market likely to result in sustainable revenue stream in the future
  • Traditional players in baked goods expected to lose share due to the intense competition in the premium segment
CATEGORY DATA
  • Table 13 Sales of Baked Goods by Category: Volume 2018-2023
  • Table 14 Sales of Baked Goods by Category: Value 2018-2023
  • Table 15 Sales of Baked Goods by Category: % Volume Growth 2018-2023
  • Table 16 Sales of Baked Goods by Category: % Value Growth 2018-2023
  • Table 17 Sales of Pastries by Type: % Value 2018-2023
  • Table 18 NBO Company Shares of Baked Goods: % Value 2019-2023
  • Table 19 LBN Brand Shares of Baked Goods: % Value 2020-2023
  • Table 20 Distribution of Baked Goods by Format: % Value 2018-2023
  • Table 21 Forecast Sales of Baked Goods by Category: Volume 2023-2028
  • Table 22 Forecast Sales of Baked Goods by Category: Value 2023-2028
  • Table 23 Forecast Sales of Baked Goods by Category: % Volume Growth 2023-2028
  • Table 24 Forecast Sales of Baked Goods by Category: % Value Growth 2023-2028
BREAKFAST CEREALS IN HONG KONG, CHINAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Back-to-office routine benefits RTE cereals, as a convenient breakfast choice
  • Competition remains intense, especially in muesli and granola
  • Proactive marketing and product education activities help Quaker to lead other RTE cereals
PROSPECTS AND OPPORTUNITIES
  • The healthy eating trend will be a key driver of growth in the consumption of breakfast cereals
  • Differentiation strategy will be needed to stand out
  • Convenience of consumption is key in the conversion of busy consumers
CATEGORY DATA
  • Table 25 Sales of Breakfast Cereals by Category: Volume 2018-2023
  • Table 26 Sales of Breakfast Cereals by Category: Value 2018-2023
  • Table 27 Sales of Breakfast Cereals by Category: % Volume Growth 2018-2023
  • Table 28 Sales of Breakfast Cereals by Category: % Value Growth 2018-2023
  • Table 29 NBO Company Shares of Breakfast Cereals: % Value 2019-2023
  • Table 30 LBN Brand Shares of Breakfast Cereals: % Value 2020-2023
  • Table 31 Distribution of Breakfast Cereals by Format: % Value 2018-2023
  • Table 32 Forecast Sales of Breakfast Cereals by Category: Volume 2023-2028
  • Table 33 Forecast Sales of Breakfast Cereals by Category: Value 2023-2028
  • Table 34 Forecast Sales of Breakfast Cereals by Category: % Volume Growth 2023-2028
  • Table 35 Forecast Sales of Breakfast Cereals by Category: % Value Growth 2023-2028
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 36 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2018-2023
  • Table 37 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2018-2023
  • Table 38 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2018-2023
  • Table 39 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2018-2023
  • Table 40 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2018-2023
  • Table 41 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2018-2023
  • Table 42 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2018-2023
  • Table 43 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2018-2023
  • Table 44 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2018-2023
  • Table 45 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2023
  • Table 46 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2020-2023
  • Table 47 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2018-2023
  • Table 48 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2023-2028
  • Table 49 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2023-2028
PROCESSED FRUIT AND VEGETABLES IN HONG KONG, CHINAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Less time to cook at home and easy access to fresh products drags down retail volume sales of processed fruit and vegetables
  • Rebound in foodservice sales and economic downturn favour the total volume growth of shelf-stable fruit and vegetables
  • Imported Japanese products and proactive marketing campaign help Del Monte retain its leading position
PROSPECTS AND OPPORTUNITIES
  • Foodservice sales will continue to drive growth, while easy-to-cook products will gain popularity
  • The rise of the premium segment indicates an increasing willingness to spend on quality products
CATEGORY DATA
  • Table 50 Sales of Processed Fruit and Vegetables by Category: Volume 2018-2023
  • Table 51 Sales of Processed Fruit and Vegetables by Category: Value 2018-2023
  • Table 52 Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2018-2023
  • Table 53 Sales of Processed Fruit and Vegetables by Category: % Value Growth 2018-2023
  • Table 54 NBO Company Shares of Processed Fruit and Vegetables: % Value 2019-2023
  • Table 55 LBN Brand Shares of Processed Fruit and Vegetables: % Value 2020-2023
  • Table 56 Distribution of Processed Fruit and Vegetables by Format: % Value 2018-2023
  • Table 57 Forecast Sales of Processed Fruit and Vegetables by Category: Volume 2023-2028
  • Table 58 Forecast Sales of Processed Fruit and Vegetables by Category: Value 2023-2028
  • Table 59 Forecast Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2023-2028
  • Table 60 Forecast Sales of Processed Fruit and Vegetables by Category: % Value Growth 2023-2028
RICE, PASTA AND NOODLES IN HONG KONG, CHINAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Noodles shows resilience in the shift in consumers from retail to foodservice
  • Combination of cost, health, and time concerns results in declining retail sales of rice
  • Korean brands see growth in share, thanks to the expansion of a Korean chained grocery retailer
PROSPECTS AND OPPORTUNITIES
  • Preference for eating out and threat from warehouse clubs suggest a sluggish retail outlook
  • The demand for quick and tasty meal options will continue to drive growth for instant noodles
  • Growing acceptance of brands from Mainland China will favour Chinese brands
CATEGORY DATA
  • Table 61 Sales of Rice, Pasta and Noodles by Category: Volume 2018-2023
  • Table 62 Sales of Rice, Pasta and Noodles by Category: Value 2018-2023
  • Table 63 Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2018-2023
  • Table 64 Sales of Rice, Pasta and Noodles by Category: % Value Growth 2018-2023
  • Table 65 Sales of Instant Noodles by Leading Flavours: Rankings 2018-2023
  • Table 66 NBO Company Shares of Rice, Pasta and Noodles: % Value 2019-2023
  • Table 67 LBN Brand Shares of Rice, Pasta and Noodles: % Value 2020-2023
  • Table 68 NBO Company Shares of Rice: % Value 2019-2023
  • Table 69 LBN Brand Shares of Rice: % Value 2020-2023
  • Table 70 NBO Company Shares of Pasta: % Value 2019-2023
  • Table 71 LBN Brand Shares of Pasta: % Value 2020-2023
  • Table 72 NBO Company Shares of Noodles: % Value 2019-2023
  • Table 73 LBN Brand Shares of Noodles: % Value 2020-2023
  • Table 74 Distribution of Rice, Pasta and Noodles by Format: % Value 2018-2023
  • Table 75 Distribution of Rice by Format: % Value 2018-2023
  • Table 76 Distribution of Pasta by Format: % Value 2018-2023
  • Table 77 Distribution of Noodles by Format: % Value 2018-2023
  • Table 78 Forecast Sales of Rice, Pasta and Noodles by Category: Volume 2023-2028
  • Table 79 Forecast Sales of Rice, Pasta and Noodles by Category: Value 2023-2028
  • Table 80 Forecast Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2023-2028
  • Table 81 Forecast Sales of Rice, Pasta and Noodles by Category: % Value Growth 2023-2028