Demand shaped by health and convenience
Soft drinks consumption in Hong Kong is being heavily influenced by the rise in consumer health consciousness. This trend is supporting rising interest in certain categories, such as sports drinks and RTD tea, while also driving developments within categories, with a growing focus on reduced sugar options and products offering functional benefits. Aside from the health and wellness trend, convenience is a key factor in purchasing decisions, with Hong Kong’s hectic urban lifestyle generating strong demand for products that can be consumed on the go.
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Overview:
Understand the latest market trends and future growth opportunities for the Soft Drinks 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 the following key categories, where applicable:
- Bottled Water
- Carbonates
- Concentrates
- Juice
- RTD Coffee
- RTD Tea
- Energy Drinks
- Sports Drinks
- Asian Speciality Drinks
If you're in the Soft Drinks 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 Soft Drinks 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 Soft Drinks in Hong Kong, China?
- To what extent are health considerations impacting consumption of Soft Drinks in Hong Kong, China?
- How are changing social attitudes and legislation (eg sugar tax) reshaping demand and consumption?
- How are changing demographics (for example, an ageing or predominantly young population) determining consumption of Soft Drinks in Hong Kong, China?
- Which are the leading brands in Soft Drinks in Hong Kong, China?
- What potential exists for multinational or domestic soft drinks companies to expand in Hong Kong, China?
- How are products distributed in Soft Drinks in Hong Kong, China?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How have home seclusion and social distancing measures following COVID-19 impacted sales of Soft Drinks?
- How are sustainability issues, such as environmentally-friendly packaging, legislation on recyclability, or the amount of plastic in bottles, impacting the soft drinks industry?
- Where is future growth expected to be most dynamic?
Soft Drinks in Hong Kong, China
Demand shaped by health and convenience
KEY DATA FINDINGS
Health and wellness exerts an influence across categories
Rising health consciousness and changing lifestyles
Innovation and diversification helping to drive sales
Promotional activities and widespread distribution supporting growth
Leading companies well-placed to tap into market potential
Swire Coca-Cola Hong Kong leads soft drinks
Vitasoy blends tradition with modern innovation
Supermarkets remains dominant
Convenience stores expanding rapidly in soft drinks
Foodservice vs retail split
Fountain sales in Hong Kong, China
COUNTRY REPORTS DISCLAIMER
Bottled Water in Hong Kong, China
KEY DATA FINDINGS
Bottled water seeing an expanding consumer base
Still bottled water sales increase
Still natural mineral bottled water sees strong expansion
Emerging diversification in bottled water amid changing consumer preferences
Bonaqua’s innovation and community engagement in waste reduction
7-Eleven launches eco-friendly re.fill water bottle ahead of Hong Kong’s single-use plastic ban, promoting sustainable alternatives
Swire Coca-Cola's Bonaqua emphasises purity and sustainability
Danone’s brands gaining share
Supermarkets dominates Hong Kong’s bottled water sales
Important role for private label
Carbonates in Hong Kong, China
KEY DATA FINDINGS
Health and wellness increasingly shaping demand
Varied performance across carbonates
Carbonates sees growth in health conscious categories
Opportunities amid slowing retail growth
Swire Coca-Cola leads digital transformation in carbonates
Sustainability initiatives shapes carbonates market
Swire Coca-Cola Hong Kong navigates competitive challenges
Strategic focus on event sponsorship and experiential marketing
On-trade a critical driver of sales
Convenience stores innovative and dynamic
Concentrates in Hong Kong, China
KEY DATA FINDINGS
Working to adapt to modern demand trends
Evolving consumer lifestyles pose challenges for concentrates
Concentrates target health conscious demand
Growing interest in premium health-oriented concentrates
Powder concentrates faces decline
Hope in powder hydration mixes
Cougar benefits from broad portfolio and extensive distribution
Ribena adapting to health and wellness trend
Supermarkets is the leading distribution channel
Supermarkets targeting health conscious shoppers
Concentrates Conversions
Juice in Hong Kong, China
KEY DATA FINDINGS
Juice players targeting rise in consumer health awareness
Health trends drive demand for natural and exotic options
Coconut and other plant waters benefits from demand for natural hydration
Juice posed for steady growth amid rising demand for healthier beverages
Kagome strengthens presence in Hong Kong with healthy vegetable beverages and sustainable innovations
Hong Kong-based juice manufacturer enhances consumer transparency
AS Watson leads with Mr Juicy and iF
Mr Juicy and iF utilise innovation and segmentation
Supermarkets dominates off-trade distribution
Expansion in convenience stores and online
RTD Coffee in Hong Kong, China
KEY DATA FINDINGS
Local consumers becoming more open to experimentation in RTD coffee
Rising demand for convenient and high-quality products
Brands responding to demand for healthy and functional options
RTD coffee expands with premiumisation, catering to discerning consumer tastes
Flavours and cold brews
Nescafé Smoovlatte launches 100% recycled bottles for sustainability
Nestlé leads RTD coffee, emphasising innovation and variety
Flavour innovation, health orientation, premiumisation, and sustainability
Convenience stores drive RTD coffee growth
Potential threat from convenience stores moving into freshly brewed coffee
RTD Tea in Hong Kong, China
KEY DATA FINDINGS
RTD tea aligns with prevailing demand trends
RTD tea grows steadily with health trends
Innovative flavours and premium options
Increased demand for low-sugar, functional RTD teas
Combinations of traditional tea with tropical fruits
Nongfu Spring enters RTD tea in Hong Kong
Vitasoy leads RTD tea
Balancing tradition and innovation
Supermarkets dominates
Convenience stores sees strong growth
Energy Drinks in Hong Kong, China
KEY DATA FINDINGS
Brands driving growth
Flavour innovations help to drive sales
Customising consumption occasions
Evolving consumer preferences and strategies
Targeting distinct consumption occasions
Monster Energy thrives on unique flavours and innovation
Red Bull continues to dominate energy drinks
Red Bull maintains focus on innovation and adaptation
Convenience stores lead sales with strategic promotions and impulse buys
Supermarkets and convenience stores provide complementary services
Sports Drinks in Hong Kong, China
KEY DATA FINDINGS
Holistic approach to health and wellness providing opportunities for expansion
Sports drinks thrive, driven by health trends and innovation
Moving beyond athletic recovery
Sports drinks continues to grow, driven by fitness trends
Sports drinks thrives on health, variety, and convenience
Nongfu Spring’s Scream targets hydration in competitive market
Pocari Sweat leads with high level of brand trust
Gatorade sees dynamism driven by innovation
Convenience stores dominates sports drink sales, enhancing accessibility and engagement
Brands target convenience stores channel
Asian Speciality Drinks in Hong Kong, China
KEY DATA FINDINGS
Healthy image and expanding offer boost sales
Leading player aligning with health and wellness trend
Not all sugar-free products are equal
Growing interest in TCM could boost sales
Collaborations can help to combine tradition with modern convenience
Nongfu Spring’s entrance to intensify competition
Major Asian speciality drinks players taking up greater shelf space
New entrants disrupting the landscape
Supermarkets leads off-trade distribution
Strong growth for convenience stores
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Soft Drinks
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- Carbonated Natural Mineral Bottled Water
- Carbonated Spring Bottled Water
- Carbonated Purified Bottled Water
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- Still Flavoured Bottled Water
- Sparkling Flavoured Bottled Water
- Functional Bottled Water
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- Still Natural Mineral Bottled Water
- Still Spring Bottled Water
- Still Purified Bottled Water
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- Regular Carbonates
- Reduced Sugar Carbonates
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- Regular Cola Carbonates
- Reduced Sugar Cola Carbonates
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- Regular Non-Cola Carbonates
- Reduced Sugar Non-Cola Carbonates
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- Regular Lemonade/Lime
- Reduced Sugar Lemonade/Lime
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- Regular Tonic Water/Mixers/Other Bitters
- Reduced Sugar Tonic Water/Mixers/Other Bitters
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- Regular Orange Carbonates
- Reduced Sugar Orange Carbonates
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- Regular Other Non-Cola Carbonates
- Reduced Sugar Other Non-Cola Carbonates
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- Liquid Concentrates
- Powder Concentrates
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- Not from Concentrate 100% Juice
- Reconstituted 100% Juice
- Coconut and Other Plant Waters
- Juice Drinks (up to 24% Juice)
- Nectars
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- RTD Coffee
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- Carbonated RTD Tea and Kombucha
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- Regular Still RTD Tea
- Reduced Sugar Still RTD Tea
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- Regular Energy Drinks
- Reduced Sugar Energy Drinks
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- Regular Sports Drinks
- Reduced Sugar Sports Drinks
- Asian Speciality Drinks
Soft Drinks
This is the aggregation of the following categories; Carbonates, Fruit/vegetable juice, Bottled water, Functional drinks, Concentrates, RTD tea, RTD coffee and Asian speciality drinks.
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This report originates from Passport, our Soft Drinks research and analysis database.
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