"Food & grocery Retailing in Hong Kong, Market Shares, Summary and Forecasts to 2022", provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Hong Kong retail environment. In addition, it analyzes the key consumer trends influencing Hong Kong food & grocery industry.
Food & grocery is the largest sector in the Hong Kong retail industry and accounted for 31.9% of total retail sales in 2017.
What else does this report offer?
- In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics
- The report also details major retailers in food & grocery category group with their product proposition analysis and market positioning in 2017 along with recent key developments
- Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
- Retail sales and the fastest-growing product categories in food & grocery sector
- Qualitative and quantitative insights of changing retail dynamics in food and grocery sector.
- Hong Kong retail market is forecasted to grow at a CAGR of 3.5% during 2017-2022
- Increased wages and recovering economy set to boost growth during 2017-2022
- Hypermarkets is the largest retail channel while market share of specialists declines
- Online sales are producing the fastest growth; however, sales remains low
- Wellcome is the market leader, driving sales supported by growing store count
- Circle K registered the fastest growth in 2017 followed by Wellcome.
Reasons To Buy
- Gain a comprehensive knowledge on food and grocery sector in the Hong Kong retail market and develop a competitive advantage from the start of your supply chain
- Investigate current and forecast behavior trends in food and grocery category to identify the best opportunities to exploit
- Analysis of key international and domestic players operating in the food and grocery market
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the food and grocery market
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
- Analysis of key international and domestic players operating in Hong Kong retail market - including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share.