PROSPECTS AND OPPORTUNITIES
Sugar confectionery players set to expand seasonal product offerings
Current value sales of sugar confectionery are poised for growth in the years ahead, particularly as retailers look to drive impulse purchases. Moreover, brands may expand their promotional strategies to tap into demand for seasonal confectionery beyond the typical seasonal chocolate offerings such as at Halloween and Christmas.
Potential disruptions in traditional retail models predicted during the forecast period
The forecast for distribution channels in Hong Kong indicates a potential shift influenced by emerging trends from mainland China, particularly with the rise of retailers such as HotMaxx. This model emphasises affordability and aggressive price competition, which will likely disrupt traditional retail dynamics.
Low-sugar confectionery set to continue upward trajectory as health consciousness grows among local population
The sales forecast for sugar confectionery in Hong Kong indicates a decline in product areas such as toffees, caramels, and nougat, mainly driven by increasing health and wellness trends. Local consumers are becoming increasingly aware of the dental and other health risks associated with high-sugar products and are seeking alternatives with greater nutritional benefits.
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Overview:
Understand the latest market trends and future growth opportunities for the Sugar Confectionery 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 Sugar Confectionery 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 Sugar Confectionery 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 Sugar Confectionery in Hong Kong, China?
- Which are the leading brands in Sugar Confectionery in Hong Kong, China?
- How are products distributed in Sugar Confectionery 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 Sugar Confectionery?
- 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?
Sugar Confectionery in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Continual product innovation and price management necessary for growth in 2025
Brands increase unit prices and release new products to remain competitive
Leveraging innovation and consumer loyalty supports supermarket’s channel share
Sugar confectionery players set to expand seasonal product offerings
Potential disruptions in traditional retail models predicted during the forecast period
Low-sugar confectionery set to continue upward trajectory as health consciousness grows among local population
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DISCLAIMER
The following categories and subcategories are included:
Sugar Confectionery
- Boiled Sweets
- Chewy Candies
- Gummies and Jellies
- Liquorice
- Lollipops
- Medicated Confectionery
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- Power Mints
- Standard Mints
- Toffees, Caramels and Nougat
- Other Sugar Confectionery
Sugar Confectionery
This is the aggregation of mints, boiled sweets, pastilles, gummies, jellies and chews, toffees, caramels, and nougat, medicated confectionery, lollipops, liquorice and other sugar confectionery.
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 Sugar Confectionery research and analysis database.
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