The forecast indicates that consumers in Hong Kong will continue to have limited time to eat at home. There are several underlying factors contributing to this trend.
Despite seeing a slowing of growth, the shift in channel preference from offline to online is set to continue in 2023, despite the return of foot traffic to physical stores. The nature of ready meals and soups makes online channels convenient for consumers to order and have products delivered to their doorstep.
Pizza is susceptible to the impact brought about by the increasing demand for high-quality and tasty pizza. This vulnerability is due to the rapid expansion of pizza restaurants in Hong Kong, particularly the growth of Dough Bros, a limited-service restaurant (LSR) brand well-known for its pizza and doughnuts.
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Understand the latest market trends and future growth opportunities for the Meals and Soups 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 Meals and Soups 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.
Meals and Soups
This is the aggregation of ready meals, pizza, food kits, prepared salads, and soup. Includes: These are products that have had recipe 'skills' added to them by the manufacturer, resulting in a high degree of readiness, completion and convenience. Food kits is an exception where typically the extent of preparation is much shorter than other meal products; includes meal kits where consumers are to put together pre-portioned ingredients and cook with the guidance of recipe cards. Ready meals are generally accepted to be complete meals that require few or no extra ingredients. However, in the case of shelf stable ready meals, the term also encompasses meal 'centres’; for food kits, they do require a degree of cooking and preparation. As such, some meals may require cooking (ready-to-cook); others may simply need reheating, prior to serving (ready-to-eat). Excludes: Any products sold unpackaged and/or by weight, including food sold from a retail deli counter.
See All of Our DefinitionsThis report originates from Passport, our Meals and Soups research and analysis database.
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