Hong Kong Beverages Consumption Trends and Forecasts Tracker, Q4 2023
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Hong Kong Beverages Market Report Overview
The Hong Kong beverages market size was 770.5 million liters (ML) in Q4 2023. The Hong Kong beverages market research report offers comprehensive consumption volume data across several beverage categories for Q4 2023. Furthermore, the report precisely lists new product launches and highlights the latest beverage industry performance and developments every quarter.
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Hong Kong Beverages Market Segmentation by Categories
Hong Kong Beverages Market Analysis by Categories, Q4 2023 (%)
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Soft drinks, hot drinks, and alcoholic drinks among others are the primary Hong Kong beverages market categories. In Q4 2023, hot drinks accounted for the highest beverages market share in Hong Kong.
Hot drinks: Hot coffee, hot tea, and other hot drinks are the main sub-categories within the hot drinks sector. Hot tea was the most consumed sub-category in Q4 2023.
Hot Drinks Beverages Market Analysis by Sub-Categories, Q4 2023 (%)
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Soft drinks: The primary sub-categories are packaged water, enhanced water, flavored water, carbonates, and juice among others. Bulk/HOD water accounted for the highest consumption volume in Q4 2023.
Dairy and soy drinks and milk alternatives: The key sub-categories are condensed milk, drinking yogurt, and fermented milk among others. Among the segments, white milk accounted for the highest volume in Q4 2023.
Alcoholic drinks: Beer, brandy , and fortified wine, among others are the main sub-categories. In Q4 2023, beer was the leading sub-category with the highest consumption volume.
Time Period | Q4 2023 |
Consumption Volume (Q4 2023) | 770.5 million liters (ML) |
Key Segments | · Soft Drinks
· Hot Drinks · Dairy and Soy Drinks and Milk Alternatives · Alcoholic Drinks |
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Segments Covered in the Report
Hong Kong Beverages Market Segments Outlook (Volume, Billion Liters, Q4 2023)
- Soft Drinks
- Packaged Water
- Enhanced Water
- Flavored Water
- Carbonates
- Juice
- Nectars
- Still Drinks
- Squash/Syrups
- Iced/RTD Tea Drinks
- Iced/RTD Coffee Drinks
- Sports Drinks
- Energy Drinks
- Bulk/HOD Water
- Hot Drinks
- Hot Coffee
- Hot Tea
- Other Hot Drinks
- Dairy and Soy Drinks and Milk Alternatives
- Condensed Milk
- Drinking Yogurt
- Evaporated Milk
- Fermented Milk
- Flavored Milk
- Grain, Nut, Rice and Seed Milk Alternative Drinks
- Soymilk
- White Milk
- Alcoholic Drinks
- Beer
- Cider
- Flavored Alcoholic Beverages
- Fortified Wine
- Brandy
- Gin & Genever
- Liqueurs
- Rum
- Sparkling Wine
- Specialty Spirits
- Still Wine
- Tequila & Mezcal
- Vodka
- Whiskey
Scope
The report provides:
- Comparison of consumption volumes for Q4 2023 vs Q4 2022 and moving annual totals (MAT). Preliminary data for the full year of 2022, and predictions for 2023 across all beverage categories.
- Carbonates consumption data for Q4 2023 vs Q4 2022 and moving annual totals (MAT). Preliminary data for 2022, and predictions for 2023 by regular vs low-calorie, and primary flavor.
- An economic mood indicator with industry confidence levels assessment, private label performance vs brands, and price trends.
- Latest quarterly trends and assumptions for 2023 with valuable analyzed drivers.
Reasons to Buy
- Learn about the latest trends in Hong Kong’s beverage industry to help with your strategic planning.
- Investigate the latest quarterly and emerging annual trends in Hong Kong to back your marketing initiatives.
- Examine the 2023 prediction for the beverage sector to make knowledgeable choices about your firm’s future in the industry.
- View a selection of the key quarterly new soft drinks product launches and identify competitor activity.
- Access a quarterly Special Focus on a current industry ‘hot topic’ offering qualitative insight from local consultants to determine opportunities for product innovation.
Table of Contents
Frequently asked questions
-
What was the Hong Kong beverages market consumption volume in Q4 2023?
The beverage market consumption volume in Hong Kong was 770.5 million liters (ML) in Q4 2023.
-
What are the key categories in the Hong Kong beverages market?
The key categories in the Hong Kong beverages market are soft drinks, hot drinks, and alcoholic drinks among others.
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Which was the leading category in the Hong Kong beverages market in Q4 2023?
In Q4 2023, hot drinks was the leading category in the Hong Kong beverages market.
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Which are the key sub-segments in the hot drinks category?
The primary sub-segments in the hot drinks category are hot coffee, hot tea, and other hot drinks.
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