Hong Kong Snacks Market 2024

Description

The Hong Kong snacks market is projected to expand from USD 1,464.9 million in 2023 to USD 2,101.6 million by 2029, achieving a compound annual growth rate (CAGR) of 6.2% during the period from 2024 to 2029. Hong Kong’s snacks market is benefiting from an increasingly affluent, fast-paced urban population. As consumers seek convenient and portable snack options, ready-to-eat products like chips, biscuits, and protein bars are gaining popularity. The demand for healthier snacks is also on the rise, with consumers becoming more aware of the importance of nutrition and wellness. As a result, there is increasing interest in snacks with low sugar, added protein, and those made with natural, organic ingredients. Additionally, the growing popularity of Western snack brands and flavors is shaping the local market.

The report offers a comprehensive evaluation of the Hong Kong snacks market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the snacks industry.

Market Segmentation

The Hong Kong snacks market is classified into the following segments:
Product type: confectionery, ice cream and frozen dessert, savoury snacks, fruit snacks, snack bars, sweet biscuits
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others

The snacks market in the Hong Kong is segmented by product type and distribution channel. By product type, it includes confectionery, ice cream and frozen dessert, savoury snacks, fruit snacks, snack bars, and sweet biscuits. Distribution channel segmentation comprises convenience stores, forecourt, supermarkets and hypermarkets, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.

Competitive Landscape

The Hong Kong snacks market is marked by intense competition, featuring leading companies such as Zertus GmbH, Wah Yuen Food Co. Ltd., The Hershey Company, The Golden Duck Co., The Garden Company Limited, Thai Union Frozen Products PCL, Taokaenoi Food & Marketing Public Company Limited, Sze Hing Loong Development Ltd., Ricola Ltd., Pladis Foods Limited, Perfetti Van Melle Group, PepsiCo Inc., Oyatsu Co. Ltd., Nin Jiom Medicine Manufactory (Hong Kong) Limited, Nestle S.A., Morinaga & Company Ltd., Mondelez International Inc., Mikakuto Co. Ltd., Meiji Holdings Co. Ltd., Maruzen Co. Ltd., Mars Incorporated, Lotte Corporation, Lofthouse of Fleetwood Ltd., Loacker S.p.A., Kowloon Dairy Limited, Kellanova, JG Summit Holdings Inc., Hormel Foods Corp., Haribo GmbH & Company KG and Greenday global Co. Ltd.

This analysis offers a comprehensive overview of the main players in the snacks market, evaluating their performance trends from 2019 to 2023. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Hong Kong snacks market.
Gain in-depth analysis and forecasts for the key segments of the Hong Kong snacks market: product type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Hong Kong snacks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hong Kong snacks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Hong Kong Snacks Market – Product Type Analysis
Hong Kong Snacks Market – Distribution Channel Analysis
Key Players and Market Share
– Zertus GmbH
– Wah Yuen Food Co., Ltd.
– The Hershey Company
– The Golden Duck Co.
– The Garden Company Limited
– Thai Union Frozen Products PCL
– Taokaenoi Food & Marketing Public Company Limited
– Sze Hing Loong Development Ltd.
– Ricola Ltd.
…
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Hong Kong Snacks Market 2019-2029
Chart Hong Kong Snacks Market, Net Growth, 2019-2029
Chart Hong Kong Snacks Market, Growth Rates, 2019-2029
Table Hong Kong Snacks Market by Product Type, 2019-2029
Chart Hong Kong Snacks Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Snacks Market by Product Type, 2019-2029
Table Hong Kong Snacks Market by Distribution Channel, 2019-2029
Chart Hong Kong Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Snacks Market by Distribution Channel, 2019-2029
Table Hong Kong Snacks Market Share (%), by Companies, 2019-2023
Chart Hong Kong Snacks Market, by Companies, 2023
Table Hong Kong Snacks Market Share (%), by Brands, 2019-2023
Chart Hong Kong Snacks Market, by Brands, 2023
Table Hong Kong – Population (Millions) and Forecast
Table Hong Kong – Consumer Price Index (CPI) and Forecast
Table Hong Kong – Gross Domestic Product and Forecast
Table Hong Kong Snacks Market: Spend as a Proportion of GDP (%)
Table Hong Kong Snacks Market: Consumption per Capita (Population)

Companies Mentioned

Zertus GmbH
Wah Yuen Food Co., Ltd.
The Hershey Company
The Golden Duck Co.
The Garden Company Limited
Thai Union Frozen Products PCL
Taokaenoi Food & Marketing Public Company Limited
Sze Hing Loong Development Ltd.
Ricola Ltd.
Pladis Foods Limited
Perfetti Van Melle Group
PepsiCo, Inc.
Oyatsu Co., Ltd.
Nin Jiom Medicine Manufactory (Hong Kong) Limited
Nestle S.A.
Morinaga & Company, Ltd.
Mondelez International Inc.
Mikakuto Co., Ltd.
Meiji Holdings Co., Ltd.
Maruzen Co., Ltd.
Mars, Incorporated
Lotte Corporation
Lofthouse of Fleetwood Ltd.
Loacker S.p.A.
Kowloon Dairy Limited
Kellanova
JG Summit Holdings, Inc.
Hormel Foods Corp.
Haribo GmbH & Company KG
Greenday Global Co., Ltd.