The forecast period is likely to see Hong Kong consumers continue to have less time to eat at home. There are several factors contributing to this trend.
Lee Kum Kee remains the leading brand in sauces in Hong Kong, which is primarily due to its commitment to continuous product development. Understanding the evolving demands of consumers, Lee Kum Kee recently introduced new varieties of sauces that cater to the desire for restaurant-style flavours, but in the comfort of one’s home.
The decrease in the opportunity for people to eat at home in Hong Kong has not only affected offline retail sales, but also sales through e-commerce. With fewer home-cooked meals, more households no longer need to stock up on sauces, dips and condiments for daily use, resulting in a significant slowing of growth through e-commerce platforms.
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Sauces, Dips and Condiments
This is the aggregation of cooking ingredients and condiments, dips, pickled products, sauces, yeast-based spreads, and other sauces, dips and condiments. Excludes: Unpackaged/bulk sauces, dressings and condiments, such as unpackaged herbs and spice or instances where consumers bring an empty contained to be (re)filled. Excludes: Table salt, vinegar, baking ingredients, desiccated coconut, and cooking cream/milk/powder for cooking and baking.
See All of Our DefinitionsThis report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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