Hong Kong Meat Market Analysis and Forecasts, 2015-2025 – Analyzing Product Categories and Segments, Distribution Channel, Competitive Landscape, Packaging and Consumer Segmentation
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The meat market in Hong Kong was valued at $10.8 billion in 2020 and is forecasted to register a growth of more than 5% during the period 2021-2025. Per capita consumption and per capita expenditure of meat were higher in Hong Kong than at both the global and regional levels in 2020. Frozen meat was the largest category in 2020, followed by chilled raw packaged meat – whole cuts, fresh meat (counter), chilled raw packaged meat – processed, cooked meats – packaged, ambient meat, and cooked meats – counter.
Hong Kong meat market overview
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What are the market dynamics in the meat market in Hong Kong?
Frozen meat was the largest category in 2020, while the ambient meat category is forecast to register the fastest value growth during 2020-2025. The fresh meat (counter) category is expected to gain maximum market share in value terms during 2020-2025. The inflation (food) has resulted in a net trading-down for Hong Kong consumers, who are opting for value for money products in the meat sector during 2019-2020. Consequently, manufacturers and retailers in the sector should focus on offering value for money products.
Meat market in the Asia-Pacific, in 2020
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Hong Kong accounted for a value share of more than 70%, in the Asia-Pacific meat sector in 2020. Hong Kong ranks second in terms of fragmentation when compared to the leading countries in the region, with the top five companies accounting for a share of more than 5% in 2020. Per capita consumption of meat in Hong Kong decreased from 2015 to 2020, which was higher than the global level and regional levels. However, the per capita consumption of meat in Hong Kong is expected to increase by 2025.
What are the category classifications in Hong Kong’s meat market?
Hong Kong accounted for a value share of more than 1%, in the Asia-Pacific meat sector in 2020. Hong Kong ranks fourth in terms of fragmentation when compared to the leading countries in the region, with the top five companies accounting for a share of more than 10% in 2020. Per capita consumption of meat in Hong Kong decreased from 2015 to 2020, which was higher than both the global level, and the regional level. However, the per capita consumption of meat in Hong Kong is expected to increase by 2025.
Meat market in Hong Kong, by category
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Who are the major players in Hong Kong’s meat market?
In 2020, Putian Food Holding Ltd led the meat market of Hong Kong followed by, Tyson Foods, Inc., Hong Kong Food Investment Holding Ltd., Nomad Foods, and Charoen Pokphand Group.
Hong Kong meat market, by key players
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Market report scope
Market size (Year – 2020) |
$10.8 billion |
Growth rate | CAGR of >5% from 2021 to 2025 |
Base year for estimation | 2020 |
Segmentation by category | Fresh meat (counter), chilled raw packaged meat – whole cuts, chilled raw packaged meat – processed, ambient meat, frozen meat, cooked meats – packaged, and cooked meats – counter. |
Key players | Putian Food Holding Ltd., Tyson Foods, Inc., Hong Kong Food Investment Holding Ltd., Nomad Foods, and Charoen Pokphand Group |
Scope
The report provides an in-depth analysis of the following:
- Sector data: Overall sector value and volume data with growth analysis for 2015-2025
- Category coverage: Value and growth analysis for ambient meat, chilled raw packaged meat – processed, chilled raw packaged meat – whole cuts, cooked meats – counter, cooked meats – packaged, fresh meat (counter), and frozen meat with inputs on individual segment share within each category and the change in their market share forecast for 2020-2025
- Leading players: Market share of companies (in value terms) and private labels (in value terms) in 2020
- Distribution data: Percentage of sales within each category through distribution channels such as convenience stores, food & drinks specialists, hypermarkets & supermarkets, E-retailers, cash & carries & warehouse clubs, “dollar stores”, variety stores & general merchandise retailers, department stores, and other general retailers.
- Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of the number of units sold. Pack material data for glass, rigid metal, flexible packaging, rigid plastics, and paper & board; pack type for: jar, bag/sachet, tub, stand up pouch, carton – folding, can, tray, film, clamshell, specialty container, and blister pack and other pack type, closure type for: screw top, prize off, twist off, plastic tie, foil, film, and other closure types, primary outer types for: carton – folding, bag, sleeve, shrink wrap, and other primary outer type.
Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis.
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities.
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning.
- Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
- The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector.
- Analysis of key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes an economic summary of the country along with the labor market and demographic trends.
Tyson Foods Inc.
Hong Kong Food Investment Holding Ltd.
Nomad Foods
Charoen Pokphand Group
Four Seas Group
Danish Crown Amba
COLEMAN NATURAL
Uhrenholt A/S
Table of Contents
Table
Figures
Frequently asked questions
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What is Hong Kong’s meat market output in 2020?
Hong Kong’s meat market was valued at $10.8 billion in 2020.
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What is Hong Kong’s meat market growth rate?
Hong Kong’s meat market is forecasted to register a growth of more than 5% during the period 2021-2025.
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What are the key categories in Hong Kong’s meat market?
Key categories in Hong Kong’s meat market include fresh meat (counter), chilled raw packaged meat – whole cuts, chilled raw packaged meat – processed, ambient meat, frozen meat, cooked meats – packaged, and cooked meats – counter.
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Who are the key players in Hong Kong’s meat market?
In 2020, Putian Food Holding Ltd led the meat market of Hong Kong followed by, Tyson Foods, Inc., Hong Kong Food Investment Holding Ltd., Nomad Foods, and Charoen Pokphand Group.
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