New Market Research Report: Hong Kong Food & Drink Report 2016

From: Fast Market Research, Inc.
Published: Mon Nov 09 2015

Despite largely favourable business and regulatory environment, food and drink market in Hong Kong is highly mature and saturated thus presenting limited growth opportunities for foreign investors. Economic headwinds facing the territory over the coming quarters will put a further restraint on consumer spending. That said, we believe that innovative, convenience-oriented and private label products will continue to enjoy relatively high popularity over the coming year.

Headline Industry Data

Total food consumption (local currency) growth year-on-year (y-o-y) in 2014: +3.2%; forecast compound annual growth rate (CAGR) 2013-2018: +3.4%.
Per capita food consumption (local currency) growth (y-o-y) in 2014: +2.5%; forecast CAGR 2013-2018: +2.7%.
Alcoholic drinks volume (litres) sales growth (y-o-y) in 2014: +1.9%; forecast CAGR 2013-2018: +2.1%.
Carbonated soft drinks volume (litres) sales growth (y-o-y) in 2014: +2.1%; forecast CAGR 2013-2018: +1.7%.
Mass grocery retail sales (local currency) growth (y-o-y) in 2014: +4.0%; forecast CAGR 2013-2018: +3.8%.

Full Report Details at

Key Trends And Developments

Bread Street Kitchen To Open In Hong Kong: UK-based celebrity chef Gordon Ramsay's Bread Street Kitchen is set to open its restaurant in central Hong Kong in September 2014. The company will collaborate with Dining Concepts, a specialist in the development of high-quality experiences throughout the region. The firm is further planning to open a series of restaurants in 2014 and 2015 in Hong Kong and across the region. The Asian outlet will be similar to the company's London outlet and will comprise a restaurant and bar complex in a warehouse-style design with a combination of vintage and modern furniture. The firm is in the final stages of discussion with Las Vegas Sands to explore possible opportunities in Singapore and Macau.

The Hong Kong Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Hong Kong Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Hong Kong.

Key Benefits

* Benchmark BMI's independent food and drink industry forecasts for Hong Kong to test other views - a key input for successful budgeting and strategic business planning in the Hong Kong food and drink market.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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