Hong Kong Foodservice: The Future of Foodservice in Hong Kong to 2016

The Future of Foodservice in Hong Kong to 2016

 

London, 5th February, 2013 - This report investigates growing demand in Hong Kong's foodservice industry. Discover how an increase in tourism and rising disposable income has affected the market, and use this essential data to develop a fail-proof marketing strategy.

Did you know that growth in health awareness and food safety concerns has helped to develop healthier and more nutritious eating habits? Identify such key trends and innovations that are impacting the market – recongnise and capitalise on these opportunities. 

•  In 2011, the profit sector accounted for 97.6% of total foodservice sales in Hong Kong and recorded a CAGR of 7.03% over the review period. The cost sector accounted for 2.4% of the total foodservice sales in the Hong Kong foodservice market and recorded a CAGR of 0.90% over the review period.

• Restaurants contributed to 78% of the total profit sector sales and recorded a CAGR of 7.60% over the review period. In the profit sector, pubs, clubs and bars recorded the highest CAGR, of 7.86%, over the review period, followed by restaurant with a CAGR of 7.60%, retail with a CAGR of 6.44%, and leisure with a CAGR of 5.03%.

• Education, Hong Kong's largest channel in cost sector contributed 75% of the total cost sector sales and grew at a CAGR of 0.52% over the review period.

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