Consumer Foodservice in Hong Kong, China

Description

Consumer foodservice saw growth in outlet numbers and transaction volumes in Hong Kong in 2023, along with significant current value growth. 2023 was a year of recuperation for consumer foodservice players in Hong Kong. The previous few years, particularly during the pandemic, were detrimental to foodservice businesses, many of which struggled to survive amidst lockdowns, restrictions, and reduced consumer spending. As a result, these businesses focused on improving their cash flows in 2023, to...

Euromonitor International's Consumer Foodservice in Hong Kong, China report offers a comprehensive guide to the size and shape of the market at a national level. It provides foodservice sales, the number of outlets and the number of transactions by sector, allowing you to identify the foodservice sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they eating habits, lifestyle changes, tourism spending or legislative issues. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Consumer Foodservice by Fulfillment, Consumer Foodservice by Location, Consumer Foodservice by Ordering Platform, Consumer Foodservice by Type.

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

Why buy this report?

Get a detailed picture of the Consumer Foodservice 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: CFSHK

List Of Contents And Tables

EXECUTIVE SUMMARY

Consumer foodservice in 2023: The big picture
2023 key trends
Competitive landscape
Independent foodservice developments
What next for consumer foodservice?

MARKET DATA

Table 1 Units, Transactions and Value Sales in Consumer Foodservice 2018-2023
Table 2 Units, Transactions and Value Sales in Consumer Foodservice: % Growth 2018-2023
Table 3 Consumer Foodservice by Independent vs Chained by Type: Units/Outlets 2023
Table 4 Consumer Foodservice by Independent vs Chained: % Foodservice Value 2018-2023
Table 5 Sales in Consumer Foodservice by Food vs Drink Split: % Foodservice Value 2018-2023
Table 6 Sales in Consumer Foodservice by Food vs Drink Split by Type: % Foodservice Value 2023
Table 7 Sales in Consumer Foodservice by Location: % Foodservice Value 2018-2023
Table 8 Sales in Consumer Foodservice by Fulfilment: % Foodservice Value 2018-2023
Table 9 GBO Company Shares in Chained Consumer Foodservice: % Foodservice Value 2019-2023
Table 10 GBN Brand Shares in Chained Consumer Foodservice: % Foodservice Value 2020-2023
Table 11 GBN Brand Shares in Chained Consumer Foodservice: Units/Outlets 2023
Table 12 Forecast Units, Transactions and Value Sales in Consumer Foodservice 2023-2028
Table 13 Forecast Units, Transactions and Value Sales in Consumer Foodservice: % Growth 2023-2028

DISCLAIMER

SOURCES

Summary 1 Research Sources

CAFES/BARS IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

Continuously fragmenting coffee scene, with taste remaining the determinant factor in purchases
Bars/pubs struggles to regain momentum, with challenges from weakened demand
Specialist coffee shops expand to retail through RTD to increase touchpoints

PROSPECTS AND OPPORTUNITIES

Enhancing loyalty is a priority in the face of continuous fragmentation in Hong Kong
Elevating the bar/pub experience with strong storytelling will be key to differentiate and survive
Sustainability set to enhance brand equity in a fragmented landscape

CATEGORY DATA

Table 14 Cafes/Bars by Category: Units/Outlets 2018-2023
Table 15 Sales in Cafes/Bars by Category: Number of Transactions 2018-2023
Table 16 Sales in Cafes/Bars by Category: Foodservice Value 2018-2023
Table 17 Cafes/Bars by Category: % Units/Outlets Growth 2018-2023
Table 18 Sales in Cafes/Bars by Category: % Transaction Growth 2018-2023
Table 19 Sales in Cafes/Bars by Category: % Foodservice Value Growth 2018-2023
Table 20 GBO Company Shares in Chained Cafes/Bars: % Foodservice Value 2019-2023
Table 21 GBN Brand Shares in Chained Cafes/Bars: % Foodservice Value 2020-2023
Table 22 Forecast Cafes/Bars by Category: Units/Outlets 2023-2028
Table 23 Forecast Sales in Cafes/Bars by Category: Number of Transactions 2023-2028
Table 24 Forecast Sales in Cafes/Bars by Category: Foodservice Value 2023-2028
Table 25 Forecast Cafes/Bars by Category: % Units/Outlets Growth 2023-2028
Table 26 Forecast Sales in Cafes/Bars by Category: % Transaction Growth 2023-2028
Table 27 Forecast Sales in Cafes/Bars by Category: % Foodservice Value Growth 2023-2028

FULL-SERVICE RESTAURANTS IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

Full-service restaurants faces difficulties recovering due to tourism flows, shifting behaviours, and labour shortages
Japanese-style restaurants remain resilient in Hong Kong
Mainland China chains enter Hong Kong, eyeing further international expansion

PROSPECTS AND OPPORTUNITIES

Full-service restaurants expected to recover to pre-pandemic level of value sales in 2026
Mainland China chains to gain significance as consumer behaviour changes along with Greater Bay Area integration
Players should focus on creating niches to recapture local consumption

CATEGORY DATA

Table 28 Full-Service Restaurants by Category: Units/Outlets 2018-2023
Table 29 Sales in Full-Service Restaurants by Category: Number of Transactions 2018-2023
Table 30 Sales in Full-Service Restaurants by Category: Foodservice Value 2018-2023
Table 31 Full-Service Restaurants by Category: % Units/Outlets Growth 2018-2023
Table 32 Sales in Full-Service Restaurants by Category: % Transaction Growth 2018-2023
Table 33 Sales in Full-Service Restaurants by Category: % Foodservice Value Growth 2018-2023
Table 34 GBO Company Shares in Chained Full-Service Restaurants: % Foodservice Value 2019-2023
Table 35 GBN Brand Shares in Chained Full-Service Restaurants: % Foodservice Value 2020-2023
Table 36 Forecast Full-Service Restaurants by Category: Units/Outlets 2023-2028
Table 37 Forecast Sales in Full-Service Restaurants by Category: Number of Transactions 2023-2028
Table 38 Forecast Sales in Full-Service Restaurants by Category: Foodservice Value 2023-2028
Table 39 Forecast Full-Service Restaurants by Category: % Units/Outlets Growth 2023-2028
Table 40 Forecast Sales in Full-Service Restaurants by Category: % Transaction Growth 2023-2028
Table 41 Forecast Sales in Full-Service Restaurants by Category: % Foodservice Value Growth 2023-2028

SELF-SERVICE CAFETERIAS IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

Self-service cafeterias sees continued decline, as outbound tourism recovers and outlet numbers fall
Premium food court concept gains popularity
Ikea Restaurant has a strategy to build traffic and brand awareness

PROSPECTS AND OPPORTUNITIES

Shifting value proposition for self-service cafeterias expected
Greater Bay Area integration indicates that transformations to align with shifting consumer behaviour will be needed in the short term

CATEGORY DATA

Table 42 Self-Service Cafeterias: Units/Outlets 2018-2023
Table 43 Sales in Self-Service Cafeterias: Number of Transactions 2018-2023
Table 44 Sales in Self-Service Cafeterias: Foodservice Value 2018-2023
Table 45 Sales in Self-Service Cafeterias: % Units/Outlets Growth 2018-2023
Table 46 Sales in Self-Service Cafeterias: % Transaction Growth 2018-2023
Table 47 Sales in Self-Service Cafeterias: % Foodservice Value Growth 2018-2023
Table 48 GBO Company Shares in Chained Self-Service Cafeterias: % Foodservice Value 2019-2023
Table 49 GBN Brand Shares in Chained Self-Service Cafeterias: % Foodservice Value 2020-2023
Table 50 Forecast Self-Service Cafeterias: Units/Outlets 2023-2028
Table 51 Forecast Sales in Self-Service Cafeterias: Number of Transactions 2023-2028
Table 52 Forecast Sales in Self-Service Cafeterias: Foodservice Value 2023-2028
Table 53 Forecast Self-Service Cafeterias: % Units/Outlets Growth 2023-2028
Table 54 Forecast Sales in Self-Service Cafeterias: % Transaction Growth 2023-2028
Table 55 Forecast Sales in Self-Service Cafeterias: % Foodservice Value Growth 2023-2028

STREET STALLS/KIOSKS IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

Street stalls/kiosks attract locals and tourists with their unique local offerings
Bubble tea chains are expanding horizontally to the cafe concept
Chains from Mainland China enter the market, eyeing international expansion

PROSPECTS AND OPPORTUNITIES

Street stalls/kiosks expected to maintain relevance, especially amongst tourists
Offering a niche products and developing loyalty will be essential in a fragmenting channel
Street stalls/kiosks likely to provide more cashless payment options to better capitalise on tourist consumption

CATEGORY DATA

Table 56 Street Stalls/Kiosks: Units/Outlets 2018-2023
Table 57 Sales in Street Stalls/Kiosks: Number of Transactions 2018-2023
Table 58 Sales in Street Stalls/Kiosks: Foodservice Value 2018-2023
Table 59 Street Stalls/Kiosks: % Units/Outlets Growth 2018-2023
Table 60 Sales in Street Stalls/Kiosks: % Transaction Growth 2018-2023
Table 61 Sales in Street Stalls/Kiosks: % Foodservice Value Growth 2018-2023
Table 62 GBO Company Shares in Chained Street Stalls/Kiosks: % Foodservice Value 2019-2023
Table 63 GBN Brand Shares in Chained Street Stalls/Kiosks: % Foodservice Value 2020-2023
Table 64 Forecast Street Stalls/Kiosks: Units/Outlets 2023-2028
Table 65 Forecast Sales in Street Stalls/Kiosks: Number of Transactions 2023-2028
Table 66 Forecast Sales in Street Stalls/Kiosks: Foodservice Value 2023-2028
Table 67 Forecast Street Stalls/Kiosks: % Units/Outlets Growth 2023-2028
Table 68 Forecast Sales in Street Stalls/Kiosks: % Transaction Growth 2023-2028
Table 69 Forecast Sales in Street Stalls/Kiosks: % Foodservice Value Growth 2023-2028

CONSUMER FOODSERVICE BY LOCATION IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

Consumer foodservice through standalone rebounds along with government initiatives to drive tourist consumption
Consumer foodservice through leisure sees a rapid rebound thanks to tourism recovery
New shopping centres and new concepts drive growth in consumer foodservice through retail

PROSPECTS AND OPPORTUNITIES

Tourism recovery to benefit players offering local flavours and local culture in their menus
Rethinking strategies to develop local consumption will be essential

CATEGORY DATA

Table 70 Consumer Foodservice by Location: Units/Outlets 2018-2023
Table 71 Sales in Consumer Foodservice by Location: Number of Transactions 2018-2023
Table 72 Sales in Consumer Foodservice by Location: Foodservice Value 2018-2023
Table 73 Consumer Foodservice by Location: % Units/Outlets Growth 2018-2023
Table 74 Sales in Consumer Foodservice by Location: % Transaction Growth 2018-2023
Table 75 Sales in Consumer Foodservice by Location: % Foodservice Value Growth 2018-2023
Table 76 Consumer Foodservice through Standalone: Units/Outlets 2018-2023
Table 77 Sales in Consumer Foodservice through Standalone: Number of Transactions 2018-2023
Table 78 Sales in Consumer Foodservice through Standalone: Foodservice Value 2018-2023
Table 79 Consumer Foodservice through Standalone: % Units/Outlets Growth 2018-2023
Table 80 Sales in Consumer Foodservice through Standalone: % Transaction Growth 2018-2023
Table 81 Sales in Consumer Foodservice through Standalone: % Foodservice Value Growth 2018-2023
Table 82 Consumer Foodservice through Leisure: Units/Outlets 2018-2023
Table 83 Sales in Consumer Foodservice through Leisure: Number of Transactions 2018-2023
Table 84 Sales in Consumer Foodservice through Leisure: Foodservice Value 2018-2023
Table 85 Consumer Foodservice through Leisure: % Units/Outlets Growth 2018-2023
Table 86 Sales in Consumer Foodservice through Leisure: % Transaction Growth 2018-2023
Table 87 Sales in Consumer Foodservice through Leisure: % Foodservice Value Growth 2018-2023
Table 88 Consumer Foodservice through Retail: Units/Outlets 2018-2023
Table 89 Sales in Consumer Foodservice through Retail: Number of Transactions 2018-2023
Table 90 Sales in Consumer Foodservice through Retail: Foodservice Value 2018-2023
Table 91 Consumer Foodservice through Retail: % Units/Outlets Growth 2018-2023
Table 92 Sales in Consumer Foodservice through Retail: % Transaction Growth 2018-2023
Table 93 Sales in Consumer Foodservice through Retail: % Foodservice Value Growth 2018-2023
Table 94 Consumer Foodservice through Lodging: Units/Outlets 2018-2023
Table 95 Sales in Consumer Foodservice through Lodging: Number of Transactions 2018-2023
Table 96 Sales in Consumer Foodservice through Lodging: Foodservice Value 2018-2023
Table 97 Consumer Foodservice through Lodging: % Units/Outlets Growth 2018-2023
Table 98 Sales in Consumer Foodservice through Lodging: % Transaction Growth 2018-2023
Table 99 Sales in Consumer Foodservice through Lodging: % Foodservice Value Growth 2018-2023
Table 100 Consumer Foodservice through Travel: Units/Outlets 2018-2023
Table 101 Sales in Consumer Foodservice through Travel: Number of Transactions 2018-2023
Table 102 Sales in Consumer Foodservice through Travel: Foodservice Value 2018-2023
Table 103 Consumer Foodservice through Travel: % Units/Outlets Growth 2018-2023
Table 104 Sales in Consumer Foodservice through Travel: % Transaction Growth 2018-2023
Table 105 Sales in Consumer Foodservice through Travel: % Foodservice Value Growth 2018-2023
Table 106 Forecast Consumer Foodservice by Location: Units/Outlets 2023-2028
Table 107 Forecast Sales in Consumer Foodservice by Location: Number of Transactions 2023-2028
Table 108 Forecast Sales in Consumer Foodservice by Location: Foodservice Value 2023-2028
Table 109 Forecast Consumer Foodservice by Location: % Units/Outlets Growth 2023-2028
Table 110 Forecast Sales in Consumer Foodservice by Location: % Transaction Growth 2023-2028
Table 111 Forecast Sales in Consumer Foodservice by Location: % Foodservice Value Growth 2023-2028
Table 112 Forecast Consumer Foodservice through Standalone: Units/Outlets 2023-2028
Table 113 Forecast Sales in Consumer Foodservice through Standalone: Number of Transactions 2023-2028
Table 114 Forecast Sales in Consumer Foodservice through Standalone: Foodservice Value 2023-2028
Table 115 Forecast Consumer Foodservice through Standalone: % Units/Outlets Growth 2023-2028
Table 116 Forecast Sales in Consumer Foodservice through Standalone: % Transaction Growth 2023-2028
Table 117 Forecast Sales in Consumer Foodservice through Standalone: % Foodservice Value Growth 2023-2028
Table 118 Forecast Consumer Foodservice through Leisure: Units/Outlets 2023-2028
Table 119 Forecast Sales in Consumer Foodservice through Leisure: Number of Transactions 2023-2028
Table 120 Forecast Sales in Consumer Foodservice through Leisure: Foodservice Value 2023-2028
Table 121 Forecast Consumer Foodservice through Leisure: % Units/Outlets Growth 2023-2028
Table 122 Forecast Sales in Consumer Foodservice through Leisure: % Transaction Growth 2023-2028
Table 123 Forecast Sales in Consumer Foodservice through Leisure: % Foodservice Value Growth 2023-2028
Table 124 Forecast Consumer Foodservice through Retail: Units/Outlets 2023-2028
Table 125 Forecast Sales in Consumer Foodservice through Retail: Number of Transactions 2023-2028
Table 126 Forecast Sales in Consumer Foodservice through Retail: Foodservice Value 2023-2028
Table 127 Forecast Consumer Foodservice through Retail: % Units/Outlets Growth 2023-2028
Table 128 Forecast Sales in Consumer Foodservice through Retail: % Transaction Growth 2023-2028
Table 129 Forecast Sales in Consumer Foodservice through Retail: % Foodservice Value Growth 2023-2028
Table 130 Forecast Consumer Foodservice through Lodging: Units/Outlets 2023-2028
Table 131 Forecast Sales in Consumer Foodservice through Lodging: Number of Transactions 2023-2028
Table 132 Forecast Sales in Consumer Foodservice through Lodging: Foodservice Value 2023-2028
Table 133 Forecast Consumer Foodservice through Lodging: % Units/Outlets Growth 2023-2028
Table 134 Forecast Sales in Consumer Foodservice through Lodging: % Transaction Growth 2023-2028
Table 135 Forecast Sales in Consumer Foodservice through Lodging: % Foodservice Value Growth 2023-2028
Table 136 Forecast Consumer Foodservice through Travel: Units/Outlets 2023-2028
Table 137 Forecast Sales in Consumer Foodservice through Travel: Number of Transactions 2023-2028
Table 138 Forecast Sales in Consumer Foodservice through Travel: Foodservice Value 2023-2028
Table 139 Forecast Consumer Foodservice through Travel: % Units/Outlets Growth 2023-2028
Table 140 Forecast Sales in Consumer Foodservice through Travel: % Transaction Growth 2023-2028
Table 141 Forecast Sales in Consumer Foodservice through Travel: % Foodservice Value Growth 2023-2028

LIMITED-SERVICE RESTAURANTS IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

Rebound in 2023 is driven mainly by price increases
Establishing direct delivery services for control over delivery and revenues
Popularity of "This This Rice" continues, due to offering quality and value for money

PROSPECTS AND OPPORTUNITIES

Recovery in 2024, with new menus and concepts driving growth in the short term
Focus on sustainability to build brand equity will be key, especially for large chains
Emotional loyalty strategies will be key for players in limited-service restaurants

CATEGORY DATA

Table 142 Limited-Service Restaurants by Category: Units/Outlets 2018-2023
Table 143 Sales in Limited-Service Restaurants by Category: Number of Transactions 2018-2023
Table 144 Sales in Limited-Service Restaurants by Category: Foodservice Value 2018-2023
Table 145 Limited-Service Restaurants by Category: % Units/Outlets Growth 2018-2023
Table 146 Sales in Limited-Service Restaurants by Category: % Transaction Growth 2018-2023
Table 147 Sales in Limited-Service Restaurants by Category: % Foodservice Value Growth 2018-2023
Table 148 GBO Company Shares in Chained Limited-Service Restaurants: % Foodservice Value 2019-2023
Table 149 GBN Brand Shares in Chained Limited-Service Restaurants: % Foodservice Value 2020-2023
Table 150 Forecast Limited-Service Restaurants by Category: Units/Outlets 2023-2028
Table 151 Forecast Sales in Limited-Service Restaurants by Category: Number of Transactions 2023-2028
Table 152 Forecast Sales in Limited-Service Restaurants by Category: Foodservice Value 2023-2028
Table 153 Forecast Limited-Service Restaurants by Category: % Units/Outlets Growth 2023-2028
Table 154 Forecast Sales in Limited-Service Restaurants by Category: % Transaction Growth 2023-2028
Table 155 Forecast Sales in Limited-Service Restaurants by Category: % Foodservice Value Growth 2023-2028

Consumer Foodservice in Hong Kong, China

Description

Table of Contents

Why buy this report?

TABLE OF CONTENTS

EXECUTIVE SUMMARY

MARKET DATA

DISCLAIMER

SOURCES

CAFES/BARS IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

FULL-SERVICE RESTAURANTS IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

SELF-SERVICE CAFETERIAS IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

STREET STALLS/KIOSKS IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

CONSUMER FOODSERVICE BY LOCATION IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA

LIMITED-SERVICE RESTAURANTS IN HONG KONG, CHINA

KEY DATA FINDINGS

2023 DEVELOPMENTS

PROSPECTS AND OPPORTUNITIES

CATEGORY DATA