The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreMar 2020
US$2,100Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
Consumer spending on consumer foodservice declined across the board in 2019. This resulted from a weak economic performance, due to a global slowdown linked to the US-China trade war, with fears of an impending recession, along with social unrest that rocked the city during the second half of 2019 and heavily impacted tourist arrivals.
In the context of social unrest and protests, third party delivery platforms, such as Deliveroo and Foodpanda, were able to sustain growth, as people were less willing to venture outside. The market continues to be dominated by two major players, Foodpanda and Deliveroo, with UberEats capturing a small share.
Foodservice companies continued to launch new brands and concepts in Hong Kong in 2019, as a way to diversify their customer base. Maxim’s Caterers, one of Hong Kong’s leading foodservice groups, which is 50% owned by the holding group Dairy Farm International, acquired the right to franchise the US burger chain Shake Shack in 2018, and celebrated its first year anniversary in 2019 by collaborating with The Chairman, a local Cantonese cuisine house.
With environmental pressures building around the world and public consciousness growing about the threat of the climate crisis, the foodservice industry is slowly adapting to new consumer demands. Ikea Restaurant, the leading player in self-service cafeterias, has been increasing its focus on healthy living, with products such as Veggie Meatballs, and a plant-based version of its popular Swedish meat balls.
Hong Kong’s foodservice industry has historically relied in part on tourist arrivals, and, more specifically, on arrivals from Mainland China, which constitute close to 60% of all tourist arrivals into the territory. However, with tourism figures taking a significant hit in 2019, due to the social unrest and anti-government protests, consumer foodservice has found itself under pressure.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Delivery: Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Foodservice 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 Consumer Foodservice industry in Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Hong Kong, China for free:
The Consumer Foodservice in Hong Kong, China market research report includes:
Our market research reports answer questions such as:
Why buy this report?
This industry report originates from Passport, our Consumer Foodservice market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.