Hong Kong, China

Retail value sales in pet care in Hong Kong experienced slower growth in 2019 and 2020 compared to the historic period. Due to the Anti-Extradition Law Amendment Bill Movement in the latter half of 2019 and the outbreak of coronavirus disease in ...

Small mammals and exotic pets, especially lizards, used to be top-of-mind pet choices in Hong Kong. Apart from novelty, they managed to strike a balance between children’s desire for pet ownership and parents’ concerns over lack of space and budget. ...

One major manifestation of dog food premiumisation in 2020 would be humanisation. Hong Kong consumers in general welcome innovation in dog food forms. And the projection of joy when eating well-prepared food further boosts owners’ willingness to buy ...

Pet owners increasingly incorporate humanised values into their product selection to enhance the wellbeing of their pets. This is mainly manifested in toys as well as beauty and health products in 2020. To cater to owners’ growing passion for their ...

Owners’ sophistication in cat food selection and desire for complete nutrition is constantly rising in Hong Kong. Apart from basic practices such as adopting a blend of dry and wet cat food, owners’ preference is leaning towards authentic meat in the...

The development of Hong Kong’s digital landscape continues to lag behind other Asian and Western countries. This may come as a surprise to many as Hong Kong has long had a reputation as a forward-looking country and one that has rarely shied away ...

E-commerce penetration continues to increase in Hong Kong, albeit at a slow pace. Among the reasons for the slow development of e-commerce in the territory is that most consumers prefer cash as their payment method, even when ordering goods online. ...

Background events during the second half of 2019 and the first half of 2020 presented Hong Kong’s digital consumer market with the opportunity to break free from its underdeveloped status and become a leader for digital commerce at regional and ...

Over 2020-2040, childless or one-child couples are projected to increase in numbers, due to social changes in Hong Kong. As immigration persists, urban density is set to continue threatening sustainable living. Employment levels will be high in the ...

Driven by China and India, Asia’s developing economies saw healthy rates of growth in 2018. Japan’s economic prospects are less favourable however. Too many of Asia’s economies are excessively dependent on exports and large inflows of foreign ...

The use of Do-It-For-Me (DIFM) services is becoming increasingly prevalent in Hong Kong owing to the large number of companies that specialise in home improvement and renovation. The intense competition this results in enables consumers to request a ...

Owing to the skyrocketing property prices, living space in Hong Kong is becoming increasingly cramped and odd-shaped. To maintain a reasonable quality of living, an increasing number of middle-class millennial households see it as worthwhile to ...

Hong Kong consumers traditionally believe that an abundance of homeware products shows their self-sufficiency and prosperity. Many housewives like to have multiple homeware products for “looking after their home”. This phenomenon is particularly ...

Home and garden sales in Hong Kong recorded slower current value growth in 2019 than a year earlier. This slowdown in value growth stemmed from the less vibrant overall retail environment in Hong Kong, in which consumers found less time and ...

Retired people or the older generation in general used to be the major consumer segment for gardening products in Hong Kong. However, in 2019, a significantly greater number of millennials were learning to enjoy gardening for leisure purposes owing ...

Asia Pacific is the largest global market for major appliances in volume terms, and was the fastest growing at CAGR 3% over 2014-2019. There continues to be great potential in this region as per capita expenditure on major appliances continues to be ...

Footwear in Hong Kong is largely supported by the athleisure fashion and fitness trends, along with an ongoing stream of limited edition collections and innovations. This is also continuing to push up unit prices overall. Key limited edition and ...

All sub-categories in womenswear were in current value declines in Hong Kong in 2019, with the exception of women’s underwear. An overriding reason for declines seen in sales in Hong Kong, across various categories, is disruption caused by the ...

Hong Kong is developing a strong culture of fitness, which is evidenced by performance apparel and performance footwear seeing the least sharp declines. The number of gyms in Hong Kong grew 36% between 2009 and 2017, and since then gyms have also ...

Menswear is following a similar pattern to womenswear in Hong Kong in 2019, with almost all sub-categories seeing negative current value figures. Only men’s tops and men’s underwear showed any positive growth, with the strongest declines seen in ...