Executive Summary

Aug 2018
PROSPECTS
Coffee whiteners faces challenges

There is growing concern over potential health risks associated with coffee whiteners among Hong Kong consumers. They have started to perceive the “extra ingredients” in coffee whiteners, including sugar, sodium, corn syrup and food colourings to mimic the qualities of milk and cream, as unhealthy, as they can increase trans-fat and calorie counts.

Packaging innovations in plain condensed milk

Plain condensed milk also faced numerous challenges in 2018. Apart from the dropping demand among the growing base of health-conscious consumers, usage of plain condensed milk is still limited to breakfast options, traditional dishes or drinks only.

New applications for other dairy

Alongside packaging innovations, players have pushed different application opportunities for other dairy, both offline and online. Président (Groupe Lactalis), for instance, organised “Mum’s Cooking Competition” in mid-2018, which encouraged participants to share their recipes with its dairy products to win a prize.

COMPETITIVE LANDSCAPE
Nestlé moves away from Coffee-mate

Nestlé focused more on other coffee-related areas, rather than Coffee-mate in 2018. For example, a focus on all-in-one instant coffee boosted Nescafé, underpinned by its convenience, affordable pricing and wide variety of tastes.

Packaging and marketing support for Eagle

Eagle (Nestlé), the leading condensed milk brand in Hong Kong, has launched several innovations to catch the latest trends. Regarding rising health and wellness awareness, the brand launched two new series of skimmed milk and “light” condensed milk containing less than 1% fat.

Black & White pioneers milk tea trends

Black & White, an evaporated and condensed milk brand, which devotes most of its business to food and beverages, entered the retail channel in 2014. The brand has driven Hong Kong-style milk tea culture for over 70 years.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Other dairy products 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 Other dairy products industry in Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Other dairy products in Hong Kong, China market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Other dairy products in Hong Kong, China?
  • What are the major brands in Hong Kong, China?
  • How are volatile farmgate prices for milk impacting retail prices and sales performance?
  • Given mounting obesity concerns, are consumers moving from full-fat to reduced fat/fat-free offerings?
  • How are soy-based products performing against traditional dairy items?

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This industry report originates from Passport, our Packaged Food market research database.

Packaged Food in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Packaged food registers consistent growth in 2018
Convenience and on-the-go eating remain major trends
International brands remain unchallenged at the top of packaged food
Internet retailing becomes more important due to demand for niche products
The health and wellness trend set to be a strong influence over the forecast period

FOODSERVICE

Sales to Foodservice
Rising interest in eating out for breakfast supports growth in breakfast cereals and baked goods
Instant noodles continues to register declining foodservice volume sales as sales of frozen noodles boom
COFCO remains at the forefront of the supply of packaged food to the consumer foodservice industry
Consumer Foodservice
Convenience remains the number one priority for Hong Kong’s extremely busy consumers
Premiumisation and healthier eating set to remain major consumer trends
Independent restaurants continue to present greater challenges to chained players

CATEGORY DATA

Table 1 Foodservice Sales of Packaged Food by Category: Volume 2013-2018
Table 2 Foodservice Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 3 Forecast Foodservice Sales of Packaged Food by Category: Volume 2018-2023
Table 4 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2018-2023

MARKET DATA

Table 5 Sales of Packaged Food by Category: Volume 2013-2018
Table 6 Sales of Packaged Food by Category: Value 2013-2018
Table 7 Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 8 Sales of Packaged Food by Category: % Value Growth 2013-2018
Table 9 GBO Company Shares of Packaged Food: % Value 2014-2018
Table 10 NBO Company Shares of Packaged Food: % Value 2014-2018
Table 11 LBN Brand Shares of Packaged Food: % Value 2015-2018
Table 12 Penetration of Private Label by Category: % Value 2013-2018
Table 13 Distribution of Packaged Food by Format: % Value 2013-2018
Table 14 Distribution of Packaged Food by Format and Category: % Value 2018
Table 15 Forecast Sales of Packaged Food by Category: Volume 2018-2023
Table 16 Forecast Sales of Packaged Food by Category: Value 2018-2023
Table 17 Forecast Sales of Packaged Food by Category: % Volume Growth 2018-2023
Table 18 Forecast Sales of Packaged Food by Category: % Value Growth 2018-2023

SOURCES

Summary 1 Research Sources