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Boxed assortments is expected to record sluggish growth in the forecast period. Due to a lack of sales channels for premium brands such as Ferrero and Lindt in China, Chinese tourists and cross-border traders used to purchase boxed chocolates in bulk from retailers in Hong Kong, which drove up sales of boxed assortments.
The Chocolate Confectionery in Hong Kong, China report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2013-2017, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, distribution or pricing issues. Forecasts to 2022 illustrate how the market is set to change.
Product coverage: Boxed Assortments, Chocolate Pouches and Bags, Chocolate with Toys, Countlines, Other Chocolate Confectionery, Seasonal Chocolate, Tablets.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
The Chocolate Confectionery in Hong Kong, China report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2013-2017, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, distribution or pricing issues. Forecasts to 2022 illustrate how the market is set to change.
Product coverage: Boxed Assortments, Chocolate Pouches and Bags, Chocolate with Toys, Countlines, Other Chocolate Confectionery, Seasonal Chocolate, Tablets.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Chocolate Confectionery 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.
Note: Product cover images may vary from those shown
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CHOCOLATE CONFECTIONERY IN HONG KONG, CHINA
July 2018
List of Contents and Tables
Headlines
Prospects
Slowing Sales Amidst the Decline in Chinese Inbound Arrivals
Growth in Countlines and Chocolate Pouches, Despite Healthy Eating Concerns
the Revival of Tablets
Competitive Landscape
Strong Growth for Kit Kat in Countlines
Smaller Brands Make Their Way in Boxed Assortments
Meiji's Award-winning Tablet Hits Shelves in Hong Kong
Summary 1 Other Chocolate Confectionery by Product Type:
Category Data
Table 1 Sales of Chocolate Confectionery by Category: Volume 2013-2018
Table 2 Sales of Chocolate Confectionery by Category: Value 2013-2018
Table 3 Sales of Chocolate Confectionery by Category: % Volume Growth 2013-2018
Table 4 Sales of Chocolate Confectionery by Category: % Value Growth 2013-2018
Table 5 Sales of Chocolate Tablets by Type: % Value 2013-2018
Table 6 NBO Company Shares of Chocolate Confectionery: % Value 2014-2018
Table 7 LBN Brand Shares of Chocolate Confectionery: % Value 2015-2018
Table 8 Distribution of Chocolate Confectionery by Format: % Value 2013-2018
Table 9 Forecast Sales of Chocolate Confectionery by Category: Volume 2018-2023
Table 10 Forecast Sales of Chocolate Confectionery by Category: Value 2018-2023
Table 11 Forecast Sales of Chocolate Confectionery by Category: % Volume Growth 2018-2023
Table 12 Forecast Sales of Chocolate Confectionery by Category: % Value Growth 2018-2023
Executive Summary
Packaged Food Registers Consistent Growth in 2018
Convenience and On-the-go Eating Remain Major Trends
International Brands Remain Unchallenged at the Top of Packaged Food
Internet Retailing Becomes More Important Due To Demand for Niche Products
the Health and Wellness Trend Set To Be A Strong Influence Over the Forecast Period
Foodservice
Sales To Foodservice
Consumer Foodservice
Category Data
Table 13 Foodservice Sales of Packaged Food by Category: Volume 2013-2018
Table 14 Foodservice Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 15 Forecast Foodservice Sales of Packaged Food by Category: Volume 2018-2023
Table 16 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2018-2023
Market Data
Table 17 Sales of Packaged Food by Category: Volume 2013-2018
Table 18 Sales of Packaged Food by Category: Value 2013-2018
Table 19 Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 20 Sales of Packaged Food by Category: % Value Growth 2013-2018
Table 21 GBO Company Shares of Packaged Food: % Value 2014-2018
Table 22 NBO Company Shares of Packaged Food: % Value 2014-2018
Table 23 LBN Brand Shares of Packaged Food: % Value 2015-2018
Table 24 Penetration of Private Label by Category: % Value 2013-2018
Table 25 Distribution of Packaged Food by Format: % Value 2013-2018
Table 26 Distribution of Packaged Food by Format and Category: % Value 2018
Table 27 Forecast Sales of Packaged Food by Category: Volume 2018-2023
Table 28 Forecast Sales of Packaged Food by Category: Value 2018-2023
Table 29 Forecast Sales of Packaged Food by Category: % Volume Growth 2018-2023
Table 30 Forecast Sales of Packaged Food by Category: % Value Growth 2018-2023
Sources
Summary 2 Research Sources
July 2018
List of Contents and Tables
Headlines
Prospects
Slowing Sales Amidst the Decline in Chinese Inbound Arrivals
Growth in Countlines and Chocolate Pouches, Despite Healthy Eating Concerns
the Revival of Tablets
Competitive Landscape
Strong Growth for Kit Kat in Countlines
Smaller Brands Make Their Way in Boxed Assortments
Meiji's Award-winning Tablet Hits Shelves in Hong Kong
Summary 1 Other Chocolate Confectionery by Product Type:
Category Data
Table 1 Sales of Chocolate Confectionery by Category: Volume 2013-2018
Table 2 Sales of Chocolate Confectionery by Category: Value 2013-2018
Table 3 Sales of Chocolate Confectionery by Category: % Volume Growth 2013-2018
Table 4 Sales of Chocolate Confectionery by Category: % Value Growth 2013-2018
Table 5 Sales of Chocolate Tablets by Type: % Value 2013-2018
Table 6 NBO Company Shares of Chocolate Confectionery: % Value 2014-2018
Table 7 LBN Brand Shares of Chocolate Confectionery: % Value 2015-2018
Table 8 Distribution of Chocolate Confectionery by Format: % Value 2013-2018
Table 9 Forecast Sales of Chocolate Confectionery by Category: Volume 2018-2023
Table 10 Forecast Sales of Chocolate Confectionery by Category: Value 2018-2023
Table 11 Forecast Sales of Chocolate Confectionery by Category: % Volume Growth 2018-2023
Table 12 Forecast Sales of Chocolate Confectionery by Category: % Value Growth 2018-2023
Executive Summary
Packaged Food Registers Consistent Growth in 2018
Convenience and On-the-go Eating Remain Major Trends
International Brands Remain Unchallenged at the Top of Packaged Food
Internet Retailing Becomes More Important Due To Demand for Niche Products
the Health and Wellness Trend Set To Be A Strong Influence Over the Forecast Period
Foodservice
Sales To Foodservice
Consumer Foodservice
Category Data
Table 13 Foodservice Sales of Packaged Food by Category: Volume 2013-2018
Table 14 Foodservice Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 15 Forecast Foodservice Sales of Packaged Food by Category: Volume 2018-2023
Table 16 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2018-2023
Market Data
Table 17 Sales of Packaged Food by Category: Volume 2013-2018
Table 18 Sales of Packaged Food by Category: Value 2013-2018
Table 19 Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 20 Sales of Packaged Food by Category: % Value Growth 2013-2018
Table 21 GBO Company Shares of Packaged Food: % Value 2014-2018
Table 22 NBO Company Shares of Packaged Food: % Value 2014-2018
Table 23 LBN Brand Shares of Packaged Food: % Value 2015-2018
Table 24 Penetration of Private Label by Category: % Value 2013-2018
Table 25 Distribution of Packaged Food by Format: % Value 2013-2018
Table 26 Distribution of Packaged Food by Format and Category: % Value 2018
Table 27 Forecast Sales of Packaged Food by Category: Volume 2018-2023
Table 28 Forecast Sales of Packaged Food by Category: Value 2018-2023
Table 29 Forecast Sales of Packaged Food by Category: % Volume Growth 2018-2023
Table 30 Forecast Sales of Packaged Food by Category: % Value Growth 2018-2023
Sources
Summary 2 Research Sources
Note: Product cover images may vary from those shown
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Trends
Chocolate confectionery only grew by 2% in retail current value sales in 2016, a reduced rate compared to 6% in 2015. Ferrero chocolate is well established in Hong Kong specialising in premium gift products. Its sales peak at Chinese New Year and other Chinese holidays. The demand from both the local population and mainland tourists is high for products with gifting purposes. However, from the end of 2015, the consumption of luxury products from mainland China greatly decreased. Starting in 2015, the Hong Kong Government implemented one trip per week to restrict mainland Chinese visiting Hong Kong. This was because the number of mainland tourists has been too overwhelming towards the end of the review period with complaints from the local population. In addition, during the same year, the central government in China implemented stricter anti-corruption policies, and thus greatly reduced the demand for gifting. All of these factors have had a negative impact on chocolate confectionery during 2016.
Competitive Landscape
Ferrero Asia Ltd is set to remain as the leading player in chocolate confectionery with a value share of 45% in 2016. However, its share is predicted to diminish from 46% in 2015. This is due to a downturn in sales for Ferrero Rocher and related products due to current market trends. However, the company will continue to dominate chocolate with toys and premium chocolate.
Prospects
Chocolate confectionery is predicted to record flat value growth at constant 2016 prices over the forecast period, while it will record a volume CAGR of 2%. This will mostly be due to the over saturation of chocolate with toys in Hong Kong. Due to the expectation of long-lasting negative impacts, mainland Chinese consumption in Hong Kong will be reduced over the forecast period. According to the most recent research, Japan and Korea have replaced Hong Kong as the favourite place to visit among mainland Chinese consumers. Therefore, premium chocolate brands in Hong Kong will be looking to adapt more to local demand, although this will take some time. In the meantime, retailers are expected to marginally increase their unit prices, due to continuously increasing rent.
Overview:
Discover the latest market trends and uncover sources of future market growth for the Chocolate confectionery industry in Hong Kong, China with research from a team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Chocolate confectionery industry in Hong Kong, China, this research will save you time and money while empowering you to make informed, profitable decisions.
The Chocolate confectionery in Hong Kong, China market research report includes:
Chocolate confectionery only grew by 2% in retail current value sales in 2016, a reduced rate compared to 6% in 2015. Ferrero chocolate is well established in Hong Kong specialising in premium gift products. Its sales peak at Chinese New Year and other Chinese holidays. The demand from both the local population and mainland tourists is high for products with gifting purposes. However, from the end of 2015, the consumption of luxury products from mainland China greatly decreased. Starting in 2015, the Hong Kong Government implemented one trip per week to restrict mainland Chinese visiting Hong Kong. This was because the number of mainland tourists has been too overwhelming towards the end of the review period with complaints from the local population. In addition, during the same year, the central government in China implemented stricter anti-corruption policies, and thus greatly reduced the demand for gifting. All of these factors have had a negative impact on chocolate confectionery during 2016.
Competitive Landscape
Ferrero Asia Ltd is set to remain as the leading player in chocolate confectionery with a value share of 45% in 2016. However, its share is predicted to diminish from 46% in 2015. This is due to a downturn in sales for Ferrero Rocher and related products due to current market trends. However, the company will continue to dominate chocolate with toys and premium chocolate.
Prospects
Chocolate confectionery is predicted to record flat value growth at constant 2016 prices over the forecast period, while it will record a volume CAGR of 2%. This will mostly be due to the over saturation of chocolate with toys in Hong Kong. Due to the expectation of long-lasting negative impacts, mainland Chinese consumption in Hong Kong will be reduced over the forecast period. According to the most recent research, Japan and Korea have replaced Hong Kong as the favourite place to visit among mainland Chinese consumers. Therefore, premium chocolate brands in Hong Kong will be looking to adapt more to local demand, although this will take some time. In the meantime, retailers are expected to marginally increase their unit prices, due to continuously increasing rent.
Overview:
Discover the latest market trends and uncover sources of future market growth for the Chocolate confectionery industry in Hong Kong, China with research from a team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Chocolate confectionery industry in Hong Kong, China, this research will save you time and money while empowering you to make informed, profitable decisions.
The Chocolate confectionery in Hong Kong, China market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
- What is the market size of Chocolate confectionery in Hong Kong, China?
- What are the major brands in Hong Kong, China?
- What are market opportunities for health and wellness minded dark chocolate?
- What are market opportunities for ethically sourced chocolate?
- How might increasingly volatile cocoa bean commodity prices impact retail prices and sales performance?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
Note: Product cover images may vary from those shown
