Product Code: CS0006FD
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.
- 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.
Table of Contents
- Macroeconomic Context
- Introducing the Consumer Segments
- Profit Sector Metrics
- Profit Sector by Channel
- Quick Service Restaurants (QSR)
- Full Service Restaurants (FSR)
- Coffee and Tea Shops
- Pubs, Clubs and Bars
- Cost Sector Metrics