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Now Available: Hong Kong Food & Drink Report 2014

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2013-12-12 17:48:38 - Recently published research from Business Monitor International, "Hong Kong Food & Drink Report 2014", is now available at Fast Market Research

Consumer 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 2008-2009, 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%

Full Report Details at

Key Trends And Developments

Liaoning Huishan Holdings Plans To 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 Switzerland-based dairy company Emmi will produce the products. Mikko Laavainen, vice president of Raisio's licensed brands, which is responsible for Benecol, has said the company will continue negotiations with potential license partners in order to launch Benecol products in additional Asia Pacific and South American markets. Benecol's sales in H113 were down 12.5% owing to lower volumes in the US; however, sales in markets such as Chile, Indonesia and Ecuador increased in the same period.

China Resources Enterprises Considers Sale Of Meat Unit: Consumer goods company China Resources Enterprise is considering the sale of its meat distribution unit in Hong Kong, according to KamCity. The company is reportedly planning to launch a strategic review of its business operations, with the review expected to commence towards the close of 2013. The company acquired the unit, which operates as Ng Fung Hong, in 2001 in a deal worth US$658mn.

Risks To OutlookPolitical Risks: We continue to consider Hong Kong to have one of the best country risk ratings of the Asia Pacific region, and believe this will remain the case over the next decade. While Hong Kong receives a high rating for its level of income distribution and physical infrastructure, there remains some concern over the lack of democratic reforms in recent years, which may cause anger among pro-democracy supporters, and there is the potential for large-scale public protests. Economic Risks: While a high degree of financial stability helps to counterbalance Hong Kong's long-term economic weaknesses, namely its high dependence on trade and over-reliance on the export of manufactured goods, Hong Kong has suffered from a larger-than-expected decline in GDP growth that has result in a fall in domestic consumer confidence and spending. A sharper-than-anticipated cooling of the Chinese economy as tighter credit conditions start to take effect could also weigh on domestic consumer sentiment given the key trading relationship between the two countries. However, in recent years the economy has benefited from relatively low and stable inflation, and we expect this to continue over the coming years with forecast rates of 2.5% and 1.9% for 2014 and 2015 respectively. This consistency is likely to help to restore consumer confidence and therefore consumption.

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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