PROSPECTS AND OPPORTUNITIES
Foodservice will continue to drive overall demand
Over the forecast period, the return to social activities, office routines, and travel are expected to remain significant, resulting in foodservice continuing to be the key source of demand for processed fruit and vegetables in Hong Kong. Therefore, while foodservice volumes are expected to continue rising, this will have a further negative impact on retail demand.
Premium segment of frozen processed fruit and vegetables offers stronger growth potential
As consumers become increasingly aware of their everyday nutritional intake, concerns over their health and wellbeing are set to gain further momentum over the forecast period. This offers potential for high-quality processed fruit and vegetables to succeed in Hong Kong.
Further potential for private label due to affordable pricing
In Hong Kong, rising price-sensitivity amongst some consumers offers stronger growth potential for private label within processed fruit and vegetables over the forecast period. Private label already dominates retail value sales of the frozen segment.
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Overview:
Understand the latest market trends and future growth opportunities for the Processed Fruit and Vegetables 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 Processed Fruit and Vegetables 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 Processed Fruit and Vegetables 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 Processed Fruit and Vegetables in Hong Kong, China?
- Which are the leading brands in Processed Fruit and Vegetables in Hong Kong, China?
- How are products distributed in Processed Fruit and Vegetables 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 Processed Fruit and Vegetables?
- 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?
Processed Fruit and Vegetables in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Stabilising retail volumes driven by reduced at-home consumption
Rising health awareness weakens demand for shelf stable fruit and vegetables
Del Monte retains convincing leadership due to strength in shelf stable format
Foodservice will continue to drive overall demand
Premium segment of frozen processed fruit and vegetables offers stronger growth potential
Further potential for private label due to affordable pricing
Staple Foods in Hong Kong, China - Industry Overview
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
The following categories and subcategories are included:
Processed Fruit and Vegetables
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
Processed Fruit and Vegetables
This is the aggregation of processed shelf stable fruit and vegetables and processed frozen fruit and vegetables.
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 Processed Fruit and Vegetables research and analysis database.
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