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 moreDec 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!
COVID-19 had a huge impact on hot drinks in Hong Kong in 2020. On the one hand, on-trade sales of hot drinks experienced a significant loss thanks to a number of measures to fight the coronavirus imposed by the government.
While Hong Kong initially reacted well to COVID-19 and was one of the first places to relax lockdown restrictions to allow restaurant dining and hospitality to resume, new restrictions were implemented at the end of July in response to a rising tide of new cases. At the time of writing, Hong Kong is seeing more than 100 new cases each day, raising concerns of an overwhelming new surge.
The positions of the top five players in hot drinks - Nestlé, Mondelez, Old Town, Unilever and Associated British Foods - in terms of retail value sales remained unchanged in 2020. These companies have had a longstanding presence in Hong Kong with a wide product range spanning across categories, as well as a strong brand awareness amongst consumers.
In 2020, there was a shift from foodservice to retail channels in hot drinks. With the pandemic and measures of social distancing, the Hong Kong population switched to retail stores for their hot drinks.
In hot drinks, the share of foodservice suffered from a heavy decline, whilst retail’s increased massively. Different measures were in place for on-trade channels for much of 2020.
Hot drinks as a whole is expected to rebound with a mild positive growth in 2021-2022. Foodservice is likely to recover as the situation of COVID-19 is gradually controlled and the virus-containing measures are slowly lifted.
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 Hot Drinks 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 Hot Drinks 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 Hot Drinks 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 Hot Drinks 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.