Hong Kong – The Future of Foodservice to 2023
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Hong Kong is one of the world’s largest financial centers, and the city’s economy has seen strong growth in the last five years, driven by a dynamic service sector with an emphasis on finance, property and tourism. FSR is the largest and dominant channel in the Hong Kong’s foodservice industry, accounting over 60% of the total revenue in 2018. This channel has widespread appeal among the masses and, although a wide variety of cuisine types are available in the FSR channel, Chinese dishes dominate. Similarly, the second largest channel, QSR, offers mainly western and Hong Kong-styled food. To mitigate against this intensifying competition, QSR operators can increase their convenience provision with wider deployment of delivery and focused outlet placement.
"Hong Kong – The Future of Foodservice to 2023” published by GlobalData provides extensive insight and analysis of the Hong Kong Foodservice market over the next five years (2018-2023) and acts as a vital point of reference for operators or suppliers. The report includes –
– Overview of Hong Kong's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Hong Kong's 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 Shops, Pubs, Clubs and Bars) within Hong Kong's 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 motivations 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.
– Case Studies: Learn from examples of recent successes and failures within the Hong Kong foodservice market.
Scope
– Per capita income in Hong Kong is very high relative to most APAC countries. Wealth distribution in the city is, however, extremely unequal, with a significant share of consumers in low income brackets.
– The FSR channel was valued at HKD 92.3 billion in 2018. The dominance of FSRs in the sector is reflective of higher disposable income levels.
– Hong Kong’s coffee and tea shop market is forecast reach a valuation of HKD 1.4 billion in 2023. Coffee and tea shops will increasingly blur channel lines through providing a food offering comparable to QSR operators.
Reasons to Buy
– Specific forecasts of the foodservice market over the next five years (2018–2023) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
– Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
– Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within Hong Kong's foodservice market.
Dairy Farm International: Maxim's Caterers
Café de Coral Hong Kong
Fairwood Fast Food Limited
Tao Heung Holdings Ltd
Starbucks Hong Kong - Coffee Concepts (Hong Kong) Limited
Pacific Coffee Company
Habitu
Table of Contents
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