Expected to see substantial growth, the Hong Kong confectionery market is anticipated to move from USD 886.5 million in 2023 to USD 1,345.4 million by 2029, corresponding to a CAGR of 7.2%. In Hong Kong, the confectionery market is driven by rising demand for premium and artisanal products, reflecting the city’s high levels of disposable income and sophisticated consumer base. Health-conscious consumers are increasingly seeking low-sugar and organic confectionery, while the expansion of online retail is boosting product availability.
The report offers a comprehensive evaluation of the Hong Kong confectionery 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, packaging type and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the confectionery industry.
Market Segmentation
The Hong Kong confectionery market is classified into the following segments:
Product type: chocolate, gums, sugar confectionery
Packaging type: flexible packaging, folding cartons, rigid plastic, metal, others
Distribution channel: convenience stores, forecourts, supermarkets and hypermarkets, specialized stores, small grocery stores, foodservice channels, e-commerce, others
In Hong Kong, the confectionery market is segmented by product type, packaging type and distribution channel. In terms of product type, the market is segmented into chocolate, gums, and sugar confectionery. Packaging type segments encompass flexible packaging, folding cartons, rigid plastic, metal, and others. Distribution channel segments comprise convenience stores, forecourts, supermarkets and hypermarkets, specialized stores, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The confectionery market is dominated by key players, including Zertus GmbH, The Hershey Company, The Garden Company Limited, SB global Foods Inc., Ricola Ltd., Perfetti Van Melle Group, Nin Jiom Medicine Manufactory (Hong Kong) Limited, Nestle S.A., Morinaga & Company Ltd., Mondelez International Inc., Mikakuto Co. Ltd., Meiji Holdings Co. Ltd., Mars Incorporated, Lofthouse of Fleetwood Ltd., Haribo GmbH & Company KG, Ferrero International S.A., Eiwa Confectionery Co. Ltd., Cloetta AB, Chocoladefabriken Lindt & Sprungli AG, Brown & Haley Inc. and August Storck KG.
This analysis offers a comprehensive overview of the main players in the confectionery 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 confectionery market.
Gain in-depth analysis and forecasts for the key segments of the Hong Kong confectionery market: product type, packaging 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 confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hong Kong confectionery 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 Confectionery Market – Product Type Analysis
Hong Kong Confectionery Market – Packaging Type Analysis
Hong Kong Confectionery Market – Distribution Channel Analysis
Key Players and Market Share
– Zertus GmbH
– The Hershey Company
– The Garden Company Limited
– SB Global Foods, Inc.
– Ricola Ltd.
– Perfetti Van Melle Group
– Nin Jiom Medicine Manufactory (Hong Kong) Limited
– Nestle S.A.
– Morinaga & Company, Ltd.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Hong Kong Confectionery Market 2019-2029
Chart Hong Kong Confectionery Market, Net Growth, 2019-2029
Chart Hong Kong Confectionery Market, Growth Rates, 2019-2029
Table Hong Kong Confectionery Market by Product Type, 2019-2029
Chart Hong Kong Confectionery Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Confectionery Market by Product Type, 2019-2029
Table Hong Kong Confectionery Market by Packaging Type, 2019-2029
Chart Hong Kong Confectionery Market by Packaging Type, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Confectionery Market by Packaging Type, 2019-2029
Table Hong Kong Confectionery Market by Distribution Channel, 2019-2029
Chart Hong Kong Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Hong Kong Confectionery Market by Distribution Channel, 2019-2029
Table Hong Kong Confectionery Market Share (%), by Companies, 2019-2023
Chart Hong Kong Confectionery Market, by Companies, 2023
Table Hong Kong Confectionery Market Share (%), by Brands, 2019-2023
Chart Hong Kong Confectionery 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 Confectionery Market: Spend as a Proportion of GDP (%)
Table Hong Kong Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
Zertus GmbH
The Hershey Company
The Garden Company Limited
SB Global Foods, Inc.
Ricola Ltd.
Perfetti Van Melle Group
Nin Jiom Medicine Manufactory (Hong Kong) Limited
Nestle S.A.
Morinaga & Company, Ltd.
Mondelez International Inc.
Mikakuto Co., Ltd.
Meiji Holdings Co., Ltd.
Mars, Incorporated
Lofthouse of Fleetwood Ltd.
Haribo GmbH & Company KG
Ferrero International S.A.
Eiwa Confectionery Co., Ltd.
Cloetta AB
Chocoladefabriken Lindt & Sprungli AG
Brown & Haley, Inc.
August Storck KG