Hong Kong Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast, 2022-2026
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Hong Kong Retail Market Report Overview
The Hong Kong retail market size was HKD409.4 billion in 2021 and is expected to grow at a CAGR of more than 4% during 2021-2026. The Hong Kong retail market research report uses data from GlobalData’s retail database showing the trends in the market and sectors by value. It also reveals the major retailers by market share in 2021 in each of the sectors.
Hong Kong Retail Market Outlook 2021-2026 (HKD Billion)
All data includes the impact of COVID-19 on sales in 2021. This report also provides historic and forecast market data for total retail sales in Hong Kong and summarizes the value trends with individual sector details in overall retail. The report also reveals major retailers in each sector and their market share along with their price and market positioning in 2021.
Market Size (2021) | HKD409.4 billion |
CAGR (2021-2026) | >4% |
Key Sectors | Food & Grocery, Health & Beauty, Clothing & Footwear, Electricals, DIY & Garden, Furniture & Floor Coverings, and Homewares |
Key Distribution Channels | Hypermarkets, Supermarkets, and Hard Discounters, Online, Convenience Stores & Gas Stations, Drug Stores & Health & Beauty Stores, Other Specialist Retailers, Department Stores, Food & Drinks Specialists, and Clothing, Footwear, and Accessories Specialists |
Leading Players | Lane Crawford, UNIQLO, Wellcome, ParknShop, Broadway, Fortress, Sa Sa, Mannings, Ikea, and JHC |
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Hong Kong Retail Market Segmentation by Sectors
The key sectors in the Hong Kong retail market are food & grocery, health & beauty, clothing & footwear, electricals, DIY & garden, furniture & floor coverings, and homewares among others. Food & grocery was the largest sector by expenditure in 2021 and will continue to be so during the forecast period.
Food & Grocery: The food & grocery sector can be further segmented into drinks, food, household products, and tobacco.
Health & Beauty: The health & beauty sector can be further segmented into cosmetics & toiletries and healthcare products.
Clothing & Footwear: The clothing & footwear sector can be further segmented into womenswear, menswear, and childrenswear.
Hong Kong Retail Market Analysis by Sectors, 2021 (%)
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Hong Kong Retail Market Segmentation by Distribution Channels
Some of the key distribution channels in the Hong Kong retail market are hypermarkets, supermarkets, and hard discounters, online, convenience stores & gas stations, drug stores & health & beauty stores, other specialist retailers, department stores, food & drinks specialists, and clothing, footwear, and accessories specialists. Hypermarkets, supermarkets, and hard discounters had the largest share in 2021.
Hong Kong Retail Market Analysis by Distribution Channels, 2021 (%)
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Hong Kong Retail Market - Competitive Landscape
Some of the leading players in the Hong Kong retail market are Lane Crawford, UNIQLO, Wellcome, ParknShop, Broadway, Fortress, Sa Sa, Mannings, Ikea, and JHC.
Key Segments Covered in this Report.
Hong Kong Retail Sector Outlook (HKD Million, 2021-2026)
- Food & grocery
- Health & beauty
- Clothing & footwear
- Electricals
- DIY & garden
- Furniture & floor coverings
- Homewares
Hong Kong Retail Distribution Channel Outlook (HKD Million, 2021-2026)
- Hypermarkets, Supermarkets, And Hard Discounters
- Online
- Convenience Stores & Gas Stations
- Drug Stores & Health & Beauty Stores
- Other Specialist Retailers
Reasons to Buy
- Gain a comprehensive view of the retail industry and forecasts to 2026
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of COVID-19 on the retail market
- Investigate current and forecast trends in retail sectors to identify the opportunities offering the most potential
- Understand who the main competitors are in the sectors and their price positioning
UNIQLO
Wellcome
ParknShop
Broadway
Fortress
Sa Sa
Mannings
Ikea
JHC
Table of Contents
Frequently asked questions
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What was the Hong Kong retail market size in 2021?
The retail market size in Hong Kong was HKD409.4 billion in 2021.
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What is the Hong Kong retail market growth rate?
The retail market in Hong Kong is expected to grow at a CAGR of more than 4% during 2021-2026.
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What are the key sectors in the Hong Kong retail market?
The key sectors in the Hong Kong retail market are food & grocery, health & beauty, clothing & footwear, electricals, DIY & garden, furniture & floor coverings, and homewares.
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What are the key distribution channels in the Hong Kong retail market?
Some of the key distribution channels in the Hong Kong retail market are hypermarkets, supermarkets, and hard discounters, online, convenience stores & gas stations, drug stores & health & beauty stores, other specialist retailers, department stores, food & drinks specialists, and clothing, footwear, and accessories specialists.
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Who are the leading players in the Hong Kong retail market?
The leading players in the Hong Kong retail market are Lane Crawford, UNIQLO, Wellcome, ParknShop, Broadway, Fortress, Sa Sa, Mannings, Ikea, and JHC.
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