PROSPECTS AND OPPORTUNITIES
Packaged Chinese soup expected to attract busy health-conscious consumers
Cooking ingredients and meals with specific health and wellness claims are expected to gain traction over the forecast period as local consumers increasingly explore healthier food options in the post-pandemic era. Consumers in Hong Kong are likely to keep digestive health and immune support top of mind when they make their purchasing decisions.
Edible oils should provide fertile ground for the growth of health and wellness products
Driven by the continued pursuit of healthier options, there has been a surge in demand for quality, healthy edible oils. Responding to this trend, numerous premium brands have already entered the market, expanding their shelf space to cater to the increasing demand for superior, health-conscious oils.
Meat free to benefit from rising flexitarian population
Local consumers are becoming more conscious of the wider impact of their dietary habits, not only with regard to their health but also the environment and animal welfare. This has led to a rise in the adoption of vegan, vegetarian and flexitarian diets.
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Overview:
Understand the latest market trends and future growth opportunities for the HW Cooking Ingredients and Meals industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the HW Cooking Ingredients and Meals industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The HW Cooking Ingredients and Meals in Hong Kong, China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of HW Cooking Ingredients and Meals in Hong Kong, China?
- What are the key health and wellness concerns driving sales in HW Cooking Ingredients and Meals?
- Is HW Cooking Ingredients and Meals a dynamic niche or mainstream concern in Hong Kong, China?
- Which are the leading brands in HW Cooking Ingredients and Meals in Hong Kong, China?
- How are products distributed in HW Cooking Ingredients and Meals in Hong Kong, China?
- How has COVID-19 and accordant recession impacted sales? Which categories have seen rising demand? Which are most vulnerable to economic disruption and diminished consumer confidence?
- Where is future growth expected to be most dynamic?
HW Cooking Ingredients and Meals in Hong Kong, China - Category analysis
KEY DATA FINDINGS
An increasing focus on the impact of diet on long-term health is informing purchasing decisions
Natural is the leading claim within health and wellness cooking ingredients and meals in 2023
Rising awareness of food intolerances informing market demand
Packaged Chinese soup expected to attract busy health-conscious consumers
Edible oils should provide fertile ground for the growth of health and wellness products
Meat free to benefit from rising flexitarian population
Health and Wellness in Hong Kong, China - Industry Overview
Health and wellness in focus
Consumer diet trends
Health-related deaths
Blood pressure and cholesterol levels
Diabetes prevalence
DISCLAIMER
HW Cooking Ingredients and Meals
Health and Wellness encompasses a number of key claims made on a food or drink products that suggest a health and/or wellness positioning. It comprises positionings relating to better for you, dietary and free from, fortified/functional, health benefit, natural and organic. This is the aggregation of edible oils, meals and soups, sauces, dips and condiments and sweet spreads For full product category definitions please refer to the definitions section (can be found under the "Help" section on Passport) for the respective system: Cooking Ingredients and Meals, Dairy Products and Alternatives, Snacks, Staple Foods, Hot Drinks, Soft Drinks. Please note that data is not available at this level or other aggregated claim levels.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our HW Cooking Ingredients and Meals research and analysis database.
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