Business Monitor International


Hong Kong Food & Drink Report

Published 13 November 2013

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Hong Kong Food & Drink Report

BMI View : C onsumer goods segments in Hong Kong have been relatively well developed for some time, and given the country's population of 7.15mn, investment opportunities in the food and drink market are scarce. Additionally, the economy continues to struggle following the recession of 2008-20 09, with GDP growth slowing significantly to around 2% in 2012-2013 ; this is weighing on consumption of non-essential goods and investment. Generally speaking, most food and drink segments are highly mature, although consumers remain interested in novelty and convenience, which still provides opportunities for food and drink companies.

Headline Industry Data (local currency)

  • 2014 per capita food consumption growth = +2.45%; forecast compound annual growth rate (CAGR) to 2017 = +2.65%

  • 2014 alcoholic drinks sales growth = +4.69%; forecast CAGR to 2017 = +4.53%

  • 2014 soft drinks sales growth = +4.88%; forecast CAGR to 2017 = +4.43%

  • 2014 mass grocery retail sales growth = +3.95%; forecast CAGR to 2017 = +3.72%

Key Trends And Developments

L iaoning Huishan Holdings Plans T o Launch IPO: Hong Kong-based dairy company Liaoning Huishan Holdings is planning to list its shares on the Hong Kong stock exchange in an effort to raise around US$1bn to support its expansion plans. The company will use the proceeds to increase the size of its dairy herd to 500,000 head, from the existing 110,000, as well as to boost milk production, according to an unnamed source close to the development. The company is reportedly preparing to launch pre-deal marketing activities on the offering, which is contingent on approval from the listing committee of the Hong Kong Stock Exchange.

Raisio Launches Asian Expansion Drive: Finland-based food company Raisio has launched its Benecol yoghurt drinks in Hong Kong in an attempt to expand in Asia, reports Just Food. The company said it will jointly manage business operations with local Benecol product distributor Wing Kee Produce, and...

Table of Contents

BMI Industry View
7
SWOT Analysis
9
Hong Kong Food Industry SWOT
9
Hong Kong Drink Industry SWOT
10
Hong Kong Mass Grocery Retail Industry SWOT
12
Business Environment
13
BMI-s Core Global Industry Views
13
Table: Core Views
21
Asia Pacific Food & Drink Risk/Reward Ratings
22
Table: Food & Drink Risk/Reward Sub-Factor Ratings, Q113 (score out of 10)
23
Table: Asia Pacific Food & Drink Risk/Reward Ratings, Q113
26
Hong Kong-s Food & Drink Risk/Reward Rating
27
Macroeconomic Outlook
29
Table: Economic Activity
31
Industry Forecast Scenario
33
Consumer Outlook
33
Food
37
Food Consumption
37
Table: Food Consumption Indications - Historical Data & Forecasts
38
Canned Food
38
Table: Canned Food Value/Volume Sales - Historical Data & Forecasts
39
Confectionery
39
Table: Confectionery Value/Volume Sales - Historical Data & Forecasts
40
Meat
41
Table: Meat
41
Pasta
42
Table: Pasta
42
Frozen Food
43
Table: Frozen Food
45
Dairy
46
Table: Dairy
47
Drink
49
Alcoholic Drinks
49
Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts
50
Soft Drinks
51
Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts
52
Hot Drinks
53
Table: Hot Drinks Value Sales - Historical Data & Forecasts
53
Trade
54
Table: Food & Drink Trade Indicators - Historical Data & Forecasts
55
Mass Grocery Retail
55
Table: Mass Grocery Retail Sales - Historical Data & Forecasts
59
Table: Sales Breakdown by Retail Format Type
59
Food
60
Industry Trends And Developments
60
Lindt & Spr-ngli Plans To Consolidate Its Hong Kong Unit
60
Hong Kong-s Chain Loses Out As Walmart To Deal Directly With Factories
60
Market Overview
61
Food Production
61
Drink
62
Industry Trends And Developments
62
Hong Kong-Listed Brewer Up For Sale
62
UK-s Whisky Distiller Opens New Office In Hong Kong
62
Wine Remains Dynamic
62
Innovation Still Crucial
63
Market Overview
64
Alcoholic Drinks
64
Soft Drinks
64
Hot Drinks
64
Mass Grocery Retail
65
Industry Trends And Developments
65
Dairy Farm International Post Strong H112 Results
65
Intensifying Competitive Pressures Could Undermine Uny's Growth Potential
66
Premium Interest
67
Morrisons Opens Office in Hong Kong
67
Market Overview
69
Table: Structure Of Mass Grocery Retail Market By Estimated Number of Outlets
70
Table: Structure Of Mass Grocery Retail Market - Sales (HKDmn) By Format
70
Table: Structure Of Mass Grocery Retail Market - Sales (US$mn) By Format
70
Table: Average Sales Per Outlet By Format - 2012
71
Competitive Landscape
72
Key Players
72
Table: Key Players In Hong Kong's Food Sector
72
Table: Key Players In Hong Kong's Drink Sector
72
Table: Key Players In Hong Kong's Mass Grocery Retail Sector
73
Company Monitor
75
Food
75
Golden Resources Development
75
Drink
77
Tsit Wing
77
San Miguel Hong Kong
80
Vitasoy International
82
Mass Grocery Retail
86
Dairy Farm International
86
AS Watson
88
Demographic Outlook
89
Table: Hong Kong's Population By Age Group, 1990-2020 ('000)
90
Table: Hong Kong's Population By Age Group, 1990-2020 (% of total)
91
Table: Hong Kong's Key Population Ratios, 1990-2020
92
Table: Hong Kong's Rural And Urban Population, 1990-2020
92
Risk/Reward Ratings Methodology
93
Table: Rewards
93
Table: Risks
94
Weighting
94
Table: Weighting
94
BMI Food & Drink Industry Glossary
95
Food & Drink
95
Mass Grocery Retail
95
BMI Food & Drink Forecasting & Sourcing
97
How We Generate Our Industry Forecasts
97
Sourcing
98

The Hong Kong Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Hong Kong Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Hong Kong.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for Hong Kong to test other views - a key input for successful budgeting and strategic business planning in the Hong Kong food and drink market.
  • Target business opportunities and risks in Hong Kong through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, and views, covering food and drink manufacturing and consumption and the retail market.

Business Environment Rankings

BMI's Food & Drink Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors, food and drink manufacturers and mass grocery retailers.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the food, drink and mass grocery retail sectors, and within the broader political, economic and business environment.

Food Forecasts

BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:

Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.

Industry Developments - A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.

Market Overview - An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI's food chapter, the drink section provides insight into the market's drink industry, centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI's food and drink chapters, the mass grocery retail section provides insight into a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.

Competitive Landscape & Profiles

Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc