Dairy Products and Alternatives in Hong Kong, China

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,100	73 Pages	Euromonitor International	September, 2023	EP18215275

Best Price Guarantee
Price	from $2,100
Length	73 Pages
Publisher	Euromonitor International
Published Date	September, 2023
SKU	EP18215275

Dairy Products and Alternatives in Hong Kong, China

Retail volume sales of dairy products and alternatives in Hong Kong showed a slight resurgence in 2022 as the pandemic subsided, and this is set to continue in 2023, benefiting from the restoration of local consumption and the return of tourists. Amongst these products, baby food is set to experience a particularly remarkable rebound in 2023, following substantial declines observed over a number of years. The return of mainland Chinese shoppers to Hong Kong after the pandemic has been playing a...

Euromonitor International's Dairy Products and Alternatives in Hong Kong, China report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Baby Food, Dairy, Plant-based Dairy.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Dairy Products and Alternatives market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop

Dairy Products and Alternatives in Hong Kong, China
Euromonitor International
September 2023
List Of Contents And Tables
DAIRY PRODUCTS AND ALTERNATIVES IN HONG KONG, CHINA
EXECUTIVE SUMMARY
Dairy products and alternatives in 2023: The big picture
Key trends in 2023
Competitive landscape
Channel developments
What next for dairy products and alternatives?
MARKET DATA: Table 1 Sales of Dairy Products and Alternatives by Category: Value 2018-2023; Table 2 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023; Table 3 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023; Table 4 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023; Table 5 Penetration of Private Label by Category: % Value 2018-2023; Table 6 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023; Table 7 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028; Table 8 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES: Summary 1 Research Sources
BABY FOOD IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Recovery of baby food hindered by lower than anticipated demand from tourists from mainland China
Players in milk formula shift emphasis to digestive health and immune system
Milk formula players adapt to changing consumer preferences
PROSPECTS AND OPPORTUNITIES
Sluggish growth forecast, as the birth rate is set to continue to decline
Strict regulations in mainland China favour milk formula in Hong Kong, which is used as a testing ground
CATEGORY DATA: Table 9 Sales of Baby Food by Category: Volume 2018-2023; Table 10 Sales of Baby Food by Category: Value 2018-2023; Table 11 Sales of Baby Food by Category: % Volume Growth 2018-2023; Table 12 Sales of Baby Food by Category: % Value Growth 2018-2023; Table 13 Sales of Growing-Up Milk Formula by Age: % Value 2018-2023; Table 14 NBO Company Shares of Baby Food: % Value 2019-2023; Table 15 LBN Brand Shares of Baby Food: % Value 2020-2023; Table 16 Distribution of Baby Food by Format: % Value 2018-2023; Table 17 Forecast Sales of Baby Food by Category: Volume 2023-2028; Table 18 Forecast Sales of Baby Food by Category: Value 2023-2028; Table 19 Forecast Sales of Baby Food by Category: % Volume Growth 2023-2028; Table 20 Forecast Sales of Baby Food by Category: % Value Growth 2023-2028
BUTTER AND SPREADS IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Butter consumption surges, driven by health and wellness and the rise of coffee culture
Consumption of margarine and spreads declines due to ongoing health and wellness trend
Consumers shift towards private label as unit prices soar
PROSPECTS AND OPPORTUNITIES
Health and wellness will continue to drive shifts in consumer preference
Foodservice opportunities for margarine due to shifts in tourist behaviour
CATEGORY DATA: Table 21 Sales of Butter and Spreads by Category: Volume 2018-2023; Table 22 Sales of Butter and Spreads by Category: Value 2018-2023; Table 23 Sales of Butter and Spreads by Category: % Volume Growth 2018-2023; Table 24 Sales of Butter and Spreads by Category: % Value Growth 2018-2023; Table 25 NBO Company Shares of Butter and Spreads: % Value 2019-2023; Table 26 LBN Brand Shares of Butter and Spreads: % Value 2020-2023; Table 27 Distribution of Butter and Spreads by Format: % Value 2018-2023; Table 28 Forecast Sales of Butter and Spreads by Category: Volume 2023-2028; Table 29 Forecast Sales of Butter and Spreads by Category: Value 2023-2028; Table 30 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2023-2028; Table 31 Forecast Sales of Butter and Spreads by Category: % Value Growth 2023-2028
CHEESE IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Rising value sales of cheese due to price rises and the return of expatriates
Demand for cheese flourishes in the foodservice channel, due to the popularity of Western cuisine and the return to dining out
PROSPECTS AND OPPORTUNITIES
The rise of private label cheese amidst rising unit prices
Health and wellness trend will continue to drive demand for cheese in Hong Kong
CATEGORY DATA: Table 32 Sales of Cheese by Category: Volume 2018-2023; Table 33 Sales of Cheese by Category: Value 2018-2023; Table 34 Sales of Cheese by Category: % Volume Growth 2018-2023; Table 35 Sales of Cheese by Category: % Value Growth 2018-2023; Table 36 Sales of Spreadable Processed Cheese by Type: % Value 2018-2023; Table 37 Sales of Soft Cheese by Type: % Value 2018-2023; Table 38 NBO Company Shares of Cheese: % Value 2019-2023; Table 39 LBN Brand Shares of Cheese: % Value 2020-2023; Table 40 Distribution of Cheese by Format: % Value 2018-2023; Table 41 Forecast Sales of Cheese by Category: Volume 2023-2028; Table 42 Forecast Sales of Cheese by Category: Value 2023-2028; Table 43 Forecast Sales of Cheese by Category: % Volume Growth 2023-2028; Table 44 Forecast Sales of Cheese by Category: % Value Growth 2023-2028
DRINKING MILK PRODUCTS IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Resurgence of sales in foodservice drives the consumption of drinking milk products
Major milk players in Hong Kong employ varied strategies to revitalise retail demand
Coffee culture drives demand for drinking milk products in foodservice
PROSPECTS AND OPPORTUNITIES
Stagnant retail performance over the forecast period due to continuous decline in the birth rate and emigration trend
Forecast growth in foodservice demand to be driven by the shift in trends amongst tourists
CATEGORY DATA: Table 45 Sales of Drinking Milk Products by Category: Volume 2018-2023; Table 46 Sales of Drinking Milk Products by Category: Value 2018-2023; Table 47 Sales of Drinking Milk Products by Category: % Volume Growth 2018-2023; Table 48 Sales of Drinking Milk Products by Category: % Value Growth 2018-2023; Table 49 NBO Company Shares of Drinking Milk Products: % Value 2019-2023; Table 50 LBN Brand Shares of Drinking Milk Products: % Value 2020-2023; Table 51 Distribution of Drinking Milk Products by Format: % Value 2018-2023; Table 52 Forecast Sales of Drinking Milk Products Products by Category: Volume 2023-2028; Table 53 Forecast Sales of Drinking Milk Products Products by Category: Value 2023-2028; Table 54 Forecast Sales of Drinking Milk Products Products by Category: % Volume Growth 2023-2028; Table 55 Forecast Sales of Drinking Milk Products Products by Category: % Value Growth 2023-2028
YOGHURT AND SOUR MILK PRODUCTS IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
The ongoing health and wellness trend sustains growing demand for flavoured and plain yoghurt
Yakult Hong Kong adopts strategies to counter decline in demand for drinking yoghurt
PROSPECTS AND OPPORTUNITIES
Recovery in tourism and dining outside the home drive demand for yoghurt in foodservice
Probiotic substitute products threaten yoghurt consumption
CATEGORY DATA: Table 56 Sales of Yoghurt and Sour Milk Products by Category: Volume 2018-2023; Table 57 Sales of Yoghurt and Sour Milk Products by Category: Value 2018-2023; Table 58 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2018-2023; Table 59 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2018-2023; Table 60 Sales of Flavoured Yoghurt by Flavour: Rankings 2018-2023; Table 61 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2019-2023; Table 62 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2020-2023; Table 63 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2018-2023; Table 64 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2023-2028; Table 65 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2023-2028; Table 66 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2023-2028; Table 67 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2023-2028
OTHER DAIRY IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Consumer shift towards healthier alternatives reflects in declining demand for other dairy products
Rising unit prices drive consumer shift towards private label
PROSPECTS AND OPPORTUNITIES
Promising prospects for foodservice consumption, as cafés and Cha Chaan Teng drive demand
Adapting other dairy products to the health and wellness trend
CATEGORY DATA: Table 68 Sales of Other Dairy by Category: Volume 2018-2023; Table 69 Sales of Other Dairy by Category: Value 2018-2023; Table 70 Sales of Other Dairy by Category: % Volume Growth 2018-2023; Table 71 Sales of Other Dairy by Category: % Value Growth 2018-2023; Table 72 Sales of Cream by Type: % Value 2018-2023; Table 73 NBO Company Shares of Other Dairy: % Value 2019-2023; Table 74 LBN Brand Shares of Other Dairy: % Value 2020-2023; Table 75 Distribution of Other Dairy by Format: % Value 2018-2023; Table 76 Forecast Sales of Other Dairy by Category: Volume 2023-2028; Table 77 Forecast Sales of Other Dairy by Category: Value 2023-2028; Table 78 Forecast Sales of Other Dairy by Category: % Volume Growth 2023-2028; Table 79 Forecast Sales of Other Dairy by Category: % Value Growth 2023-2028
PLANT-BASED DAIRY IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Resilient demand and steady growth for soy drinks, despite price increases
Growing demand for oat milk fuels fierce competition and innovation
PROSPECTS AND OPPORTUNITIES
Foodservice embraces oat milk and expands oat milk beyond beverages
Plant-based cheese and yoghurt are challenged by texture and consistency expectations
CATEGORY DATA: Table 80 Sales of Plant-Based Dairy by Category: Value 2018-2023; Table 81 Sales of Plant-Based Dairy by Category: % Value Growth 2018-2023; Table 82 Sales of Other Plant-Based Milk by Type: % Value 2020-2023; Table 83 NBO Company Shares of Plant-Based Dairy: % Value 2019-2023; Table 84 LBN Brand Shares of Plant-Based Dairy: % Value 2020-2023; Table 85 Distribution of Plant-Based Dairy by Format: % Value 2018-2023; Table 86 Forecast Sales of Plant-Based Dairy by Category: Value 2023-2028; Table 87 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2023-2028