PROSPECTS AND OPPORTUNITIES
Influx of foodservice ice cream brands into retail set to intensify competition
Ice cream sales are expected to experience dynamic current value growth amid heightened competition over the forecast period as foodservice brands increasingly enter the category—a strategic move aimed at enhancing brand awareness and product variety. Local foodservice brand Ice Cream & Cookie Co exemplifies this trend, offering unique flavours such as Earl Grey, Pistachio, and Milk and Cookies.
Convenience stores will become the main competitor for supermarkets
Convenience stores is becoming an increasingly important channel and is expected to gain share during the forecast period. New ice cream flavours often attract consumers through impulse purchases, as shoppers typically try these flavours in smaller quantities before committing to multipacks.
Health and wellness trend set to impact ice cream in the long term
Health and wellness trends are poised to reshape the ice cream industry in the long term, although low-sugar and dairy-free options remain a niche segment. The challenges of developing ice cream with reduced sugar and fat, while offering desirable taste and texture, have hindered broader acceptance.
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Overview:
Understand the latest market trends and future growth opportunities for the Ice Cream 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.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Ice Cream 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 Ice Cream 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 Ice Cream in Hong Kong, China?
- Which are the leading brands in Ice Cream in Hong Kong, China?
- How are products distributed in Ice Cream in Hong Kong, China?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Ice Cream?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Hong Kong, China?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Ice Cream in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Decline for ice cream in 2025, but frozen yoghurt registers robust value growth
Continuous product innovation offers novel consumption experiences
Supermarkets faces ongoing competition from convenience stores
Influx of foodservice ice cream brands into retail set to intensify competition
Convenience stores will become the main competitor for supermarkets
Health and wellness trend set to impact ice cream in the long term
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DISCLAIMER
The following categories and subcategories are included:
Ice Cream
- Frozen Yoghurt
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- Single Portion Dairy Ice Cream
- Single Portion Water Ice Cream
- Plant-based Ice Cream
- Unpackaged Ice Cream
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- Bulk Dairy Ice Cream
- Ice Cream Desserts
- Multi-Pack Dairy Ice Cream
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- Bulk Water Ice Cream
- Multi-Pack Water Ice Cream
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Ice Cream
Ice cream is the aggregation of frozen yoghurt, impulse ice cream, plant-based ice cream, unpackaged ice cream and take-home ice cream. Frozen desserts is included in Passport’s Staple Foods research. Please note that soft serve ice cream from ice cream dispensing machines sold at foodservice outlets (e.g. fast food or ice cream parlours) is entirely excluded.
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 Ice Cream research and analysis database.
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