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PUBLISHER: Euromonitor International | PRODUCT CODE: 1580727
PUBLISHER: Euromonitor International | PRODUCT CODE: 1580727
Cooking Ingredients and Meals in Hong Kong, China
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PAGES: 51 Pages
DELIVERY TIME: 1-2 business days
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Overall retail growth of cooking ingredients and meals in Hong Kong remains tepid in 2024, with low single-digit growth in value sales terms and a marginal decline in volume terms. Shifting consumer behaviour towards dining out and travelling abroad continues to negatively impact the demand for cooking ingredients and meals. Additionally, the cost-of-living crisis has made consumers more concerned about their everyday expenses, forcing them to seek products that offer better value for money.
Euromonitor International's Cooking Ingredients and Meals 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 in <|Year|> directly informs our forecasts to 2028, clearly indicating how the market is expected to change.
Product coverage: Edible Oils, Meals and Soups, Sauces, Dips and Condiments, Sweet Spreads.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Cooking Ingredients and Meals 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.
Product Code: COHK
TABLE OF CONTENTS
List Of Contents And Tables
EXECUTIVE SUMMARY
- Cooking ingredients and meals in 2024: The big picture
- Key trends in 2024
- Competitive landscape
- Channel developments
- What next for cooking ingredients and meals?
MARKET DATA
- Table 1 Sales of Cooking Ingredients and Meals by Category: Volume 2019-2024
- Table 2 Sales of Cooking Ingredients and Meals by Category: Value 2019-2024
- Table 3 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2019-2024
- Table 4 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2019-2024
- Table 5 NBO Company Shares of Cooking Ingredients and Meals: % Value 2020-2024
- Table 6 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2021-2024
- Table 7 Penetration of Private Label by Category: % Value 2019-2024
- Table 8 Distribution of Cooking Ingredients and Meals by Format: % Value 2019-2024
- Table 9 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2024-2029
- Table 10 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2024-2029
- Table 11 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2024-2029
- Table 12 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
- Summary 1 Research Sources
EDIBLE OILS IN HONG KONG, CHINA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Weak retail demand for edible oils due to increasingly busy lifestyles and slowdown in home cooking
- Price-sensitive consumers appreciate more affordable pricing
- Increasing competition from mainland China pressurises local grocery retailers
PROSPECTS AND OPPORTUNITIES
- Rising health and wellness trend to drive development of healthier edible oils
- Premiumisation within olive oil to continue
- Low penetration of e-commerce as consumers less likely to make bulk purchases
CATEGORY DATA
- Table 13 Sales of Edible Oils by Category: Volume 2019-2024
- Table 14 Sales of Edible Oils by Category: Value 2019-2024
- Table 15 Sales of Edible Oils by Category: % Volume Growth 2019-2024
- Table 16 Sales of Edible Oils by Category: % Value Growth 2019-2024
- Table 17 NBO Company Shares of Edible Oils: % Value 2020-2024
- Table 18 LBN Brand Shares of Edible Oils: % Value 2021-2024
- Table 19 Distribution of Edible Oils by Format: % Value 2019-2024
- Table 20 Forecast Sales of Edible Oils by Category: Volume 2024-2029
- Table 21 Forecast Sales of Edible Oils by Category: Value 2024-2029
- Table 22 Forecast Sales of Edible Oils by Category: % Volume Growth 2024-2029
- Table 23 Forecast Sales of Edible Oils by Category: % Value Growth 2024-2029
MEALS AND SOUPS IN HONG KONG, CHINA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Overall stable demand, with ready meals leading category growth
- Functional soup with premium ingredients gains popularity
- Convenience and affordability continue to drive growth of e-commerce
PROSPECTS AND OPPORTUNITIES
- Continual focus on developing convenience meals and soup options
- Innovative packaging emerges from mainland China
- Retailers expand offering in meals and soups
CATEGORY DATA
- Table 24 Sales of Meals and Soups by Category: Volume 2019-2024
- Table 25 Sales of Meals and Soups by Category: Value 2019-2024
- Table 26 Sales of Meals and Soups by Category: % Volume Growth 2019-2024
- Table 27 Sales of Meals and Soups by Category: % Value Growth 2019-2024
- Table 28 Sales of Chilled Ready Meals by Ethnicity: % Value 2019-2024
- Table 29 Sales of Frozen Ready Meals by Ethnicity: % Value 2019-2024
- Table 30 Sales of Soup by Leading Flavours: Rankings 2019-2024
- Table 31 NBO Company Shares of Meals and Soups: % Value 2020-2024
- Table 32 LBN Brand Shares of Meals and Soups: % Value 2021-2024
- Table 33 Distribution of Meals and Soups by Format: % Value 2019-2024
- Table 34 Forecast Sales of Meals and Soups by Category: Volume 2024-2029
- Table 35 Forecast Sales of Meals and Soups by Category: Value 2024-2029
- Table 36 Forecast Sales of Meals and Soups by Category: % Volume Growth 2024-2029
- Table 37 Forecast Sales of Meals and Soups by Category: % Value Growth 2024-2029
SAUCES, DIPS AND CONDIMENTS IN HONG KONG, CHINA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Sales adversely impacted by greater mobility and trend of "travelling north"
- Recipe sauces attract consumers searching for convenience
- Flavour diversification of chili sauces
PROSPECTS AND OPPORTUNITIES
- Rising demand for healthier sauce and dip options
- Future development of vegetarian options
- Lee Kum Kee likely to retain convincing leadership with wide portfolio and innovation
CATEGORY DATA
- Table 38 Sales of Sauces, Dips and Condiments by Category: Volume 2019-2024
- Table 39 Sales of Sauces, Dips and Condiments by Category: Value 2019-2024
- Table 40 Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2019-2024
- Table 41 Sales of Sauces, Dips and Condiments by Category: % Value Growth 2019-2024
- Table 42 Sales of Liquid Recipe Sauces by Type: % Value 2019-2024
- Table 43 Sales of Other Sauces and Condiments by Type: Rankings 2019-2024
- Table 44 NBO Company Shares of Sauces, Dips and Condiments: % Value 2020-2024
- Table 45 LBN Brand Shares of Sauces, Dips and Condiments: % Value 2021-2024
- Table 46 Distribution of Sauces, Dips and Condiments by Format: % Value 2019-2024
- Table 47 Forecast Sales of Sauces, Dips and Condiments by Category: Volume 2024-2029
- Table 48 Forecast Sales of Sauces, Dips and Condiments by Category: Value 2024-2029
- Table 49 Forecast Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2024-2029
- Table 50 Forecast Sales of Sauces, Dips and Condiments by Category: % Value Growth 2024-2029
SWEET SPREADS IN HONG KONG, CHINA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Low retail growth as consumers spend greater time outside of the home
- Growing popularity of honey among health-conscious consumers
- Local breakfast culture triggers rising foodservice demand for sweet spreads
PROSPECTS AND OPPORTUNITIES
- Growing health and wellness trend to drive up sales of nut and seed based spreads
- Future product innovation with focus on natural, no artificial preservatives, and no added sugar
- Foodservice to remain stronger performer due to frequent out-of-home consumption
CATEGORY DATA
- Table 51 Sales of Sweet Spreads by Category: Volume 2019-2024
- Table 52 Sales of Sweet Spreads by Category: Value 2019-2024
- Table 53 Sales of Sweet Spreads by Category: % Volume Growth 2019-2024
- Table 54 Sales of Sweet Spreads by Category: % Value Growth 2019-2024
- Table 55 Sales of Jams and Preserves by Leading Flavours: Rankings 2019-2024
- Table 56 NBO Company Shares of Sweet Spreads: % Value 2020-2024
- Table 57 LBN Brand Shares of Sweet Spreads: % Value 2021-2024
- Table 58 Distribution of Sweet Spreads by Format: % Value 2019-2024
- Table 59 Forecast Sales of Sweet Spreads by Category: Volume 2024-2029
- Table 60 Forecast Sales of Sweet Spreads by Category: Value 2024-2029
- Table 61 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2024-2029
- Table 62 Forecast Sales of Sweet Spreads by Category: % Value Growth 2024-2029
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