Hong Kong Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027

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Hong Kong Foodservice Market Report Overview

The Hong Kong foodservice profit sector recorded sales of HKD107.1 billion ($13.7 billion) in 2022 and is forecast to record a strong CAGR of over 11% during 2022-2027. Robust economic expansion and rising tourism are responsible for the sector’s growth during the forecast period.

Hong Kong Foodservice Profit Sector Outlook 2022-2027, (HKD Billion)

Hong Kong Foodservice Profit Sector Outlook 2022-2027, (HKD Billion)

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The Hong Kong foodservice market research report provides an in-depth evaluation of the foodservice market in the country, including an analysis of the key issues impacting the market, and the opportunities this presents for the sector participants. The report includes data and forecast of key channels (QSR; FSR; coffee & tea shop; and pub, club & bar) within the Hong Kong foodservice market and gives an overview of market leaders within the four major channels.

Market Size (2022) HKD107.1 billion ($13.7 billion)
CAGR (2022-2027) >11%
Historical Period 2017-2022
Forecast Period 2023-2027
Key Profit Sector Channels ·        Full-service Restaurant (FSR)

·        Quick-service Restaurant (QSR)

·        Workplace

·        Accommodation

·        Pub, Club & Bar

Key Outlet Type ·        Dine-in

·        Takeout

Key Owner Type ·        Independent Operators

·        Chain Operators

Key Cost Sector Channels ·        Education

·        Healthcare

·        Military & Civil Defense

·        Welfare & Services

·        Complimentary Services

Key Companies ·        Yum! Brands

·        Tai Hing Group Holdings

·        Ho Choi Group

·        McDonald’s

·        Dairy Farm International

·        Café de Coral Holdings

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Hong Kong Foodservice Market Segmentation by Profit Sector Channels

The FSR was the largest profit sector channel in 2022 by value sales

The key profit sector channels in the Hong Kong foodservice market are FSR; QSR; accommodation; leisure; pub, club & bar; and retail. The FSR was the leading profit sector channel, accounting for more than 62% of revenue share in 2022. The QSR channel was the second largest in the Hong Kong foodservice profit sector, followed by the accommodation channel. Growth in these channels can be attributed to the Hong Kong government’s increased focus on the development of tourism and infrastructure development.

Hong Kong Foodservice Market Analysis by Profit Sector Channels, 2022 (%)

Hong Kong Foodservice Market Analysis by Profit Sector Channels, 2022 (%)

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Hong Kong Foodservice Market Segmentation by Cost Sector Channels

The key cost sector channels in the Hong Kong foodservice market are military & civil defense, healthcare, education, welfare & services, and complimentary services. In 2022, education was the largest cost sector, followed by healthcare, and welfare & services.

Hong Kong Foodservice Market Analysis by Cost Sector Channels, 2022 (%)

Hong Kong Foodservice Market Analysis by Cost Sector Channels, 2022 (%)

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Hong Kong Foodservice Market – Competitive Landscape

Yum!Brands was the largest FSR operator in the country in 2022

The key foodservice companies in Hong Kong are:

  • Yum! Brands
  • Tai Hing Group Holdings
  • Ho Choi Group
  • McDonald’s
  • Dairy Farm International
  • Café de Coral Holdings

Yum!Brands under its brand name Pizza Hut was the largest FSR operator in the channel’s sales in Hong Kong in 2022. In the year, Pizza Hut operated 122 outlets in the territory. The brand is renowned for its diverse menu, which offers an array of pizzas, pasta dishes, appetizers, and desserts. Over the years, Pizza Hut has become a popular destination for pizza enthusiasts, providing both dine-in and delivery services across the region.

Hong Kong Foodservice Market Analysis by Competitors

Hong Kong Foodservice Market Analysis by Competitors

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Segments Covered in the Report

Hong Kong Foodservice Market Outlook by Profit Sector Channel (Value HKD Billion, 2017-2027)

  • Full-service Restaurants (FSR)
  • Quick-service Restaurants (QSR)
  • Pub, Club & Bar
  • Retail
  • Accommodation

Hong Kong Foodservice Market Outlook by Cost Sector Channels (Value, HKD Billion, 2017-2027)

  • Military & Civil Defense
  • Healthcare
  • Education
  • Welfare & Services
  • Complimentary Services

Scope

The report includes:

  • Overview of Hong Kong’s macroeconomic landscape: Detailed analysis of current macroeconomic factors and their impact on the Hong Kong foodservice market, including GDP per capita, consumer price index, population growth, and annual household income distribution.
  • Growth dynamics: In-depth data and forecasts of key channels (QSR; FSR; coffee & tea shop; and pub, club & bar) within the Hong Kong foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
  • Customer segmentation: Identify the most important demographic groups, buying habits, and motivating factors that drive out-of-home meal occasions among segments of the Hong Kong population.
  • Key players: Overview of market leaders within the four major channels, including business descriptions and number of outlets.

Reasons to Buy

  • Identify emerging/declining markets and understand specific forecasts of the foodservice market over the next five years to make informed business decisions.
  • Understand the target audience and changing consumer behavior through a detailed analysis of the consumer segmentation, which elaborates on the desires of known consumers among all major foodservice channels (QSR; FSR; coffee & tea shop; and pub, club & bar).

McDonald
Dairy Farm International
Café de Coral Holdings
Yum! Brands
Fairwood Holdings
Café De Coral
Tai Hing Group Holdings
Crystal Jade Culinary Concepts Holding
Pacific Coffee
Starbucks

Table of Contents

Introduction

Report Guide

Executive Summary

Macroeconomic Context

Macroeconomic Overview

Profit Sector Metrics

Key Metric Highlights

Value Share and Growth by Channel

Outlets and Transactions Growth by Channel

Operator Buying Volumes and Growth by Channel

Channel Historic and Future Growth Dynamics

Outlet-Type and Owner-Type Growth Dynamics

Profit Sector by Channel

Quick Service Restaurant (QSR)

Summary & Key Points

Metrics

Key Players

What?

Where?

What Next?

Full-Service Restaurant (FSR)

Summary & Key Points

Metrics

Key Players

What?

Where?

What Next?

Coffee & Tea Shop

Summary & Key Points

Metrics

Key Players

What?

Where?

What Next?

Pub, Club & Bar

Summary & Key Points

Metrics

What?

Where?

What Next?

Cost Sector Metrics

Cost Operator Trends – Historic and Future Growth

Data and Channel Share Breakdown

Appendix

Frequently asked questions

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