According to the latest estimates, the beer in Hong Kong market size is expected to increase from USD 1,118 million in 2023 to USD 1,894 million by 2029, garnering a CAGR of 9.2% over the evaluated period. The emergence of artisanal breweries has significantly expanded the diversity of flavors within the beer industry. In stark contrast to the predominantly mass-produced beers that previously saturated the market, consumers can now indulge in a multitude of styles, encompassing ales, lagers, and specialty offerings boasting complex aromas and multifaceted flavors. Marketing strategies have also contributed to a transformation in perception, promoting beer as a culinary experience rather than solely an intoxicating beverage. Breweries are crafting unique flavor profiles, utilizing artistic packaging designs, and fostering social spaces to showcase their products. Consequently, beer is increasingly being championed as a complementary beverage to complement culinary experiences, potentially replacing the traditional role of distilled spirits in this regard.
This report provides a thorough assessment of the Hong Kong beer industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, category, packaging, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the beer industry.
Market Segmentation
The beer market in Hong Kong is categorized into the following segments:
Product type: ale, stout, weissbier, lager, non-alcoholic beer
Category: craft beer, regular beer
Packaging: glass bottles, aluminum cans, others
Distribution channel: foodservice channels, convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, others
The Hong Kong beer market is segmented on the basis of product type, category, packaging, and distribution channel. By product type, the beer market in Hong Kong has been segmented into ale, stout, weissbier, lager, and non-alcoholic beer. Based upon category, the beer market in Hong Kong is categorized into craft beer, and regular beer. On the basis of packaging, the beer market in Hong Kong has been segmented into glass bottles, aluminum cans, and others. By distribution channel, the beer market in Hong Kong has been segmented into foodservice channels, convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, and others.
Competitive Landscape
The Hong Kong beer market is highly competitive. As of 2023, the major players in the Hong Kong beer market were Young Master Brewery, Tsingtao Brewery Co. Ltd., Thai Beverage Public Company Limited (ThaiBev), San Miguel Corporation, Kirin Holdings Co. Ltd., Jebsen & Co. Ltd., HITEJINRO CO. LTD., Heineken N.V., Diageo plc, Carlsberg A/S, Blue Ribbon Intermediate Holdings LLC, Beijing Yanjing Beer Group Corporation, Asahi Group Holdings Ltd., AB InBev.
This report provides a comprehensive analysis of the key players in the Hong Kong beer market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Hong Kong beer market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Hong Kong beer market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hong Kong beer market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewHong Kong beer market – product type analysis
Hong Kong beer market – category analysis
Hong Kong beer market – packaging analysis
Hong Kong beer market – distribution channel analysis
Key players and market share
– Young Master Brewery
– Tsingtao Brewery Co., Ltd.
– Thai Beverage Public Company Limited (ThaiBev)
– San Miguel Corporation
– Kirin Holdings Co., Ltd.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Hong Kong beer market 2019-2029
Chart Hong Kong beer market, net growth, 2019-2029
Chart Hong Kong beer market, growth rates, 2019-2029
Table Hong Kong beer market by product type, 2019-2029
Chart Hong Kong beer market by product type, CAGR historic and forecast, 2019-2029
Chart Hong Kong beer market by product type, 2019-2029
Table Hong Kong beer market by category, 2019-2029
Chart Hong Kong beer market by category, CAGR historic and forecast, 2019-2029
Chart Hong Kong beer market by category, 2019-2029
Table Hong Kong beer market by packaging, 2019-2029
Chart Hong Kong beer market by packaging, CAGR historic and forecast, 2019-2029
Chart Hong Kong beer market by packaging, 2019-2029
Table Hong Kong beer market by distribution channel, 2019-2029
Chart Hong Kong beer market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Hong Kong beer market by distribution channel, 2019-2029
Table Hong Kong beer market share (%), by companies, 2019-2023
Chart Hong Kong beer market, by companies, 2023
Table Hong Kong beer market share (%), by brands, 2019-2023
Chart Hong Kong beer 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 beer market: spend as a proportion of GDP (%)
Table Hong Kong beer market: consumption per capita (population)