Food Preparation Appliances in Hong Kong, China - New Market Study Published

Food preparation appliances registered 3% volume growth in 2015. On the one hand, long working hours resulted in consumers either eating out or cooking less-elaborate dishes after a long day at work. On the other hand, essential food preparation appliances such as food processors and blenders were not affected by changes in consumers’ lifestyles. These two conflicting effects led to moderate growth in 2015.

Competitive Landscape

Philips Electronics Hong Kong led food preparation appliance with a volume share of 40% in 2015. Philips Electronics Hong Kong offers a wide product portfolio and appeals to consumers with its low-priced yet good- quality products. Its leadership in almost all individual categories within food preparation appliances is a telling testimony to its leading position within food preparation appliances.

Industry Prospects

Food preparation appliances is set to grow at a CAGR of 3% in volume terms over the forecast period. As certain food preparation appliances are considered essential, such as blenders and food processors, sales are less sensitive to consumer tastes and trends, while juice extractors and mixers are subject to changes in consumer lifestyles. As a result, moderate growth is expected.

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Report Overview

Discover the latest market trends and uncover sources of future market growth for the Food Preparation Appliances industry in Hong Kong, China with research from Euromonitor's 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 Food Preparation Appliances industry in Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Food Preparation Appliances 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

Our market research reports answer questions such as:

* What is the market size of Food Preparation Appliances in Hong Kong, China?
* What are the major brands in Hong Kong, China?
* Has there been a growth in penetration for food preparation appliances?
* What is the category share for food processors? Is this a growth opportunity market?

Reasons to Get this Report

* Gain competitive intelligence about market leaders

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