Consumer spending on foodservice continued to rise at a healthy rate in 2018 in line with positive economic performance. In response to rising health and wellness concerns, traditional established companies such as full-service pizza chain Pizza Express, bakery products limited-service restaurant Pret a Manger, and Australian-style American steakhouse, Outback Steakhouse, actively added new vegan items to offer a balanced, healthy diet on top of their core food menus.
The competitive market environment for foodservice providers was fruitful yet intense during 2018. Consumers, especially from younger generations, no longer simply ask for higher food quality, instead demanding a modern, authentic, and relatable dining experience.
Large corporate players such as Maxim’s and Café de Coral have seen a growth slowdown within their traditional namesake restaurants. The introduction of new brands and renovations of existing stores have been actively pursued by companies looking to provide an exclusive experience for diners.
While Chinese restaurants continue to dominate sales, Japanese, Korean, Thai, Vietnamese, and European restaurants are expanding. Consumers in Hong Kong enjoy a wide variety of cuisines given the popularity of travel to other countries, especially in Southeast Asia.
Foodservice sales are expected to continue growing at a healthy rate over the forecast period, with the number of outlets also set to increase further. The optimistic economic outlook, together with the growing tourism industry under multiple travel network expansion projects managed by the Hong Kong government, has greatly encouraged foodservice growth.
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Discover the latest market trends and uncover sources of future market growth for the Consumer Foodservice by Location industry in Hong Kong, China with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Consumer Foodservice market research database.