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Country Report

Yoghurt and Sour Milk Products in

Yoghurt and Sour Milk Products in Hong Kong, China

Sep 2020

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

2020 IMPACT

Foodservice sales hit hard by COVID-19 lockdown measures

The impact of the COVID-19 pandemic on yoghurt sales was felt most strongly by the foodservice sector rather than retail outlets. Due to home seclusion and social distancing measures, consumers cut many unnecessary eat-out occasions.

Shift towards snacking and on-the-go consumption trends support demand

Snackification was a popular trend in Hong Kong in 2020, especially during the COVID-19 pandemic. During home seclusion, some consumers, especially younger women who often do not comply with the “three core meals” concept and have a small appetite, would choose to have dairy products like cheese and yoghurt as meal replacements.

Yakult experiencing growing competition from new innovative brands

Hong Kong Yakult continues to lead yoghurt sales in Hong Kong due to its dominance of the largest drinking yoghurt category. Although the company is attempting to retain its sales share through the launch of new flavours and formats such as its good-for-breakfast drinking yoghurt brand, Joie, the player continues to slowly lose ground to innovative competitors such as Yoyi C (Beata Corp) and Nestlé’s Acti-V.

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Yoghurt and Sour Milk Drinks Sample Report Yoghurt and Sour Milk Drinks Sample Data

Overview

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.

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Overview

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

The Yoghurt and Sour Milk 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 Yoghurt and Sour Milk Products in Hong Kong, China?
What are the major brands in Hong Kong, China?
Which variety of yoghurt is performing better – spoonable or drinking?
In the wake of recent controversies, what does the future hold for functional probiotic products?

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

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Yoghurt and Sour Milk Products in Hong Kong, China - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Foodservice sales hit hard by COVID-19 lockdown measures

Shift towards snacking and on-the-go consumption trends support demand

Yakult experiencing growing competition from new innovative brands

RECOVERY AND OPPORTUNITIES

Chinese brands set to continue to expand and gain sales share

Innovative marketing increasingly key to attracting consumers

Focus on encouraging consumption of yoghurt as a snack

CATEGORY DATA

Table 1 Sales of Yoghurt and Sour Milk Products by Category: Volume 2015-2020
Table 2 Sales of Yoghurt and Sour Milk Products by Category: Value 2015-2020
Table 3 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2015-2020
Table 4 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2015-2020
Table 5 Sales of Flavoured Yoghurt by Flavour: Rankings 2015-2020
Table 6 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2016-2020
Table 7 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2017-2020
Table 8 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2015-2020
Table 9 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2020-2025
Table 10 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2020-2025
Table 11 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2020-2025
Table 12 Forecast Sales of Yoghurt and Sour Milk Products 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

Megatrends

Country Report

Yoghurt and Sour Milk Products in Hong Kong, China

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Foodservice sales hit hard by COVID-19 lockdown measures

Shift towards snacking and on-the-go consumption trends support demand

Yakult experiencing growing competition from new innovative brands

Samples

Overview

Why buy this report?

Samples: FAQs about samples

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Table of Contents

Yoghurt and Sour Milk Products in Hong Kong, China - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Foodservice sales hit hard by COVID-19 lockdown measures

Shift towards snacking and on-the-go consumption trends support demand

Yakult experiencing growing competition from new innovative brands

RECOVERY AND OPPORTUNITIES

Chinese brands set to continue to expand and gain sales share

Innovative marketing increasingly key to attracting consumers

Focus on encouraging consumption of yoghurt as a snack

CATEGORY DATA

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

Consumer Foodservice

Category Data

MARKET DATA

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

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