Market Research Report
Hong Kong - The Future of Foodservice to 2024
|Published by||GlobalData||Product code||579984|
|Published||Content info||124 Pages
Delivery time: 1-2 business days
|Hong Kong - The Future of Foodservice to 2024|
|Published: December 30, 2020||Content info: 124 Pages||
"Hong Kong - The Future of Foodservice to 2024" published by GlobalData provides extensive insight and analysis of the Hong Kong Foodservice market over the next five years (2019-2024) and acts as a vital point of reference for operators or suppliers. The report includes:
The Hong Kong foodservice profit sector grew in value by a CAGR of 3.8% over the period, 2014-2019, to reach HKD148.5 billion (US$19 billion). The full-service restaurants hold almost two-thirds of the market and grew with a CAGR of 3.5% in the review period. Quick-service restaurants and pubs, clubs, and bars also witnessed a notable growth over the same period. The country is considered a high income economy and growth across all profit sector channels is primarily attributed to rising average transaction numbers as well as expansion in outlets. Technological capabilities have been transforming the restaurant industry in the country, across channels.
Overview of Hong Kong's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Hong Kong's foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea shop and Pubs, Clubs and Bars) within Hong Kong's foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Hong Kongan population.
Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.