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Soup in Hong Kong, China

November 2020
USD 990
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Overview:

Understand the latest market trends and future growth opportunities for the Soup industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.

Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.

If you're in the Soup industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.

The Soup in Hong Kong, China report includes:

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

This report answers:

  • What is the market size of Soup in Hong Kong, China?
  • Which are the leading brands in Soup in Hong Kong, China?
  • How are products distributed in Soup in Hong Kong, China?
  • How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
  • What are the key health and wellness concerns driving, or challenging, sales in Soup?
  • How significant are vegan and vegetarian dietary requirements in determining sales growth in Hong Kong, China?
  • How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
  • Where is future growth expected to be most dynamic?
  • How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?

Soup in Hong Kong, China - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Soup experiences boosted retail value growth as a favoured home food
Swanson emphasises naturalness and richness as consumers favour quality ingredients
Chinese soup manufacturers face increasing pressure from Japanese players

RECOVERY AND OPPORTUNITIES

Ready-to-drink soup set to see high potential growth due to increasing interest convenience trend
Soup to experience increasing demand in the foodservice channel
Diversification expected as consumers are increasingly open to offerings from different cultures

CATEGORY DATA

Table 1 Sales of Soup by Category: Volume 2015-2020 Table 2 Sales of Soup by Category: Value 2015-2020 Table 3 Sales of Soup by Category: % Volume Growth 2015-2020 Table 4 Sales of Soup by Category: % Value Growth 2015-2020 Table 5 Sales of Soup by Leading Flavours: Rankings 2015-2020 Table 6 NBO Company Shares of Soup: % Value 2016-2020 Table 7 LBN Brand Shares of Soup: % Value 2017-2020 Table 8 Distribution of Soup by Format: % Value 2015-2020 Table 9 Forecast Sales of Soup by Category: Volume 2020-2025 Table 10 Forecast Sales of Soup by Category: Value 2020-2025 Table 11 Forecast Sales of Soup by Category: % Volume Growth 2020-2025 Table 12 Forecast Sales of Soup by Category: % Value Growth 2020-2025

Packaged Food in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on packaged food
COVID-19 country impact
New cooking ideas and emphasising local roots feature strongly as companies respond to the pandemic
Retailing shift
Foodservice vs retail split
What next for packaged food?

FOODSERVICE

Sales to Foodservice
Larger players open up their retail sales avenue, but smaller companies cannot absorb foodservice losses Product and service offering becomes leaner as footfall takes a hit Hong Kongers shift towards lower-end foodservice outlets in response to pandemic
Consumer Foodservice
Cross-channel initiatives seen as players look to keep consumers interested amid health crisis Independent outlets looking to further differentiate from chained players Foodpanda expands into online grocery delivery as Hong Kongers stay at home
Category Data
Chart 1 Packaged Food Value Sales Growth Scenarios: 2018-2025 Chart 2 Packaged Food Impact of Drivers on Value Sales: 2017-2025 Table 13 Foodservice Sales of Packaged Food by Category: Volume 2015-2020 Table 14 Foodservice Sales of Packaged Food by Category: % Volume Growth 2015-2020 Table 15 Forecast Foodservice Sales of Packaged Food by Category: Volume 2020-2025 Table 16 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2020-2025

MARKET DATA

Table 17 Sales of Packaged Food by Category: Volume 2015-2020 Table 18 Sales of Packaged Food by Category: Value 2015-2020 Table 19 Sales of Packaged Food by Category: % Volume Growth 2015-2020 Table 20 Sales of Packaged Food by Category: % Value Growth 2015-2020 Table 21 GBO Company Shares of Packaged Food: % Value 2016-2020 Table 22 NBO Company Shares of Packaged Food: % Value 2016-2020 Table 23 LBN Brand Shares of Packaged Food: % Value 2017-2020 Table 24 Penetration of Private Label by Category: % Value 2015-2020 Table 25 Distribution of Packaged Food by Format: % Value 2015-2020 Table 26 Distribution of Packaged Food by Format and Category: % Value 2020 Table 27 Forecast Sales of Packaged Food by Category: Volume 2020-2025 Table 28 Forecast Sales of Packaged Food by Category: Value 2020-2025 Table 29 Forecast Sales of Packaged Food by Category: % Volume Growth 2020-2025 Table 30 Forecast Sales of Packaged Food by Category: % Value Growth 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

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Why buy this report?

  • 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

This report originates from Passport, our Soup research and analysis database.

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