Note: This report includes forecasting data that is based on baseline historical data.
Executive summary
With a population of approximately 7.4 million and the Gross Domestic Product (GDP) in Hong Kong was worth US$359.8 billion in 2022, according to official data from the World Bank. Hong Kong is therefore currently ranked 42 of the major economies.
Compared with the consumer spending US$11,533.1 million in 2021, consumer spending in Hong Kong significantly declined to US$10,530.5 million in 2022. compared with the chained and independent consumer spending in 2017, chained and independent consumer spending in 2022 was lower. That is why the Compound Annual Growth Rate (CAGR) of chained consumer foodservice was −4.2% and independent consumer foodservice was −10.3% between 2017 and 2022.
Compared with pre-pandemic year 2019, consumer spending on the full-service restaurants declined to US$7,199.2 million and US$6,218.3 million in 2021 and 2022 respectively.
Compared with pre-pandemic year 2019, consumer spending on the limited-service restaurants declined to US$3,534.1 million and US$3,584.1 million respectively in 2021 and 2022, at the negative growth of −0.6% from 2017 to 2022.
Sales of café/bars plummet in 2020 (US$511.3 million), 2021 (US$638.5 million) and 2022 (US$577.8 million) compared with US$1,079.2 million in 2019.
Sales of self-service cafeteria plummet in 2020 (US$7.8 million), 2021 (US$7.9 million) and 2022 (US$6.8 million) compared with US$13.5 million in 2019.
The street stalls/kiosks channel remained highly fragmented being dominated by independents, US$143.6 million in 2022 compared with US$189.1 million in 2019, growing negatively at a CAGR of −3.2% from 2017 to 2022.
The online consumer service became very popular after the pandemic started. It increased from 2.8% in 2019 to 19.5% in 2020, 19.2% in 2021 and 31.2% in 2022 respectively.
Market overview and consumption trends
With a population of approximately 7.4 million and the Gross Domestic Product (GDP) in Hong Kong was worth US$359.8 billion in 2022, according to official data from the World Bank. Hong Kong is therefore currently ranked 42 of the major economies.
Consumer foodservice
COVID-19 had a strong impact on Hong Kong especially in 2020 and 2021. Compared with the consumer spending US$11,533.1 million in 2021, consumer spending significantly declined to US$10,530.5 million in 2022. It grew negatively at a CAGR of −7.9% from 2017 to 2022.
Same wise, the chained consumer spending and independent consumer spending declined in 2022 compared with 2021. But compared with the chained and independent consumer spending in 2017, chained and independent consumer spending in 2022 was lower. That is why the CAGR of chained consumer foodservice was −4.2% and independent consumer foodservice was −10.3% between 2017 and 2022.
The competitive landscape of consumer foodservice in Hong Kong is fairly fragmented with a wide range of options. Operators must compete on price, quality of food, speed of service, and customer experience. Major players in the channel include well-known chains such as McDonald's and KFC, as well as local eateries and food stalls (Euromonitor 2023).
| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR* % 2017-2022 |
|---|---|---|---|---|---|---|---|
| Consumer Foodservice by Type | 15,573.2 | 16,574.0 | 15,522.5 | 10,137.0 | 11,533.1 | 10,530.5 | −7.5 |
| Chained Consumer Foodservice | 6,589.3 | 7,018.6 | 6,839.7 | 4,991.4 | 5,634.8 | 5,315.3 | −4.2 |
| Independent Consumer Foodservice | 8,983.9 | 9,555.5 | 8,682.7 | 5,145.6 | 5,898.3 | 5,215.2 | −10.3 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
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Consumer spending is forecast to increase at a CAGR of 13.5% between 2022 and 2027. Among which chained consumer foodservice will grow 10.1% and independent consumer foodservice will grow 16.6% between 2022 and 2027.
| Category | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR* % 2022-2027 |
|---|---|---|---|---|---|---|---|
| Consumer Foodservice by Type | 10,530.5 | 13,737.3 | 15,302.1 | 16,723.8 | 18,254.1 | 19,853.6 | 13.5 |
| Chained Consumer Foodservice | 5,315.3 | 6,097.3 | 6,827.8 | 7,452.9 | 8,033.4 | 8,602.4 | 10.1 |
| Independent Consumer Foodservice | 5,215.2 | 7,640.0 | 8,474.3 | 9,270.8 | 10,220.7 | 11,251.2 | 16.6 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
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Full-service restaurants
Compared with pre-pandemic year 2019, consumer spending on the full-service restaurants declined to US$7,199.2 million in 2021 and US$6,218.3 million 2022 respectively. Both chained and independent full-service restaurants declined to US$1,898.2 million and US$4,320.0 million in 2022 respectively from their US$3,087.9 million and US$7,186.9 million in 2019. Same situation falls on Asian full-service restaurants (chained and independent), European full-service restaurants (chained and independent), north American full-service restaurants (chained and independent), Pizza full-service restaurants (chained and independent), other full-service restaurants (chained and independent). Sales did not return to the level seen before the pandemic. Full-service restaurants suffer as operating costs increase during the pandemic. In 2022, sales of all categories and subcategories did not rebound to pre-pandemic level.
Many full-service restaurants began offering delivery and takeaway services to cater for consumers in their homes. Additionally, they began offering meal kits and pre-prepared meals which customers could collect, then finish cooking at home. Operators of independent full-service restaurants in Hong Kong have also been following new food trends in an attempt to remain competitive in a rapidly changing market. This includes offering high-quality food made from locally-sourced ingredients, as well as providing unique and innovative dining experiences (Euromonitor 2023).
| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR* % 2017-2022 |
|---|---|---|---|---|---|---|---|
| Full-Service Restaurants | 10,634.8 | 11,383.5 | 10,274.8 | 6,238.7 | 7,199.2 | 6,218.3 | −10.2 |
| Chained full-service restaurants | 3,111.3 | 3,385.2 | 3,087.9 | 1,963.2 | 2,273.5 | 1,898.2 | −9.4 |
| Independent full-service restaurants | 7,523.5 | 7,998.3 | 7,186.9 | 4,275.5 | 4,925.7 | 4,320.0 | −10.5 |
| Full-Service Restaurants by Type | 10,634.8 | 11,383.5 | 10,274.8 | 6,238.7 | 7,199.2 | 6,218.3 | −10.2 |
| Asian Full-Service Restaurants | 8,637.5 | 9,281.4 | 8,303.7 | 4,845.2 | 5,647.9 | 4,804.5 | −11.1 |
| Chained Asian Full-Service Restaurants | 2,816.5 | 3,065.0 | 2,784.6 | 1,745.4 | 2,027.6 | 1,684.9 | −9.8 |
| Independent Asian Full-Service Restaurants | 5,821.0 | 6,216.4 | 5,519.1 | 3,099.8 | 3,620.3 | 3,119.6 | −11.7 |
| European Full-Service Restaurants | 669.6 | 714.4 | 669.5 | 492.0 | 569.0 | 491.0 | −6.0 |
| Chained European Full-Service Restaurants | 154.9 | 168.7 | 157.5 | 111.3 | 131.9 | 107.2 | −7.1 |
| Independent European Full-Service Restaurants | 514.7 | 545.7 | 512.0 | 380.7 | 437.0 | 383.8 | −5.7 |
| North American Full-Service Restaurants | 281.3 | 281.9 | 265.5 | 186.6 | 198.1 | 185.7 | −8.0 |
| Chained North American Full-Service Restaurants | 62.1 | 61.9 | 57.8 | 38.3 | 41.5 | 35.5 | −10.6 |
| Independent North American Full-Service Restaurants | 219.2 | 220.0 | 207.7 | 148.2 | 156.7 | 150.3 | −7.3 |
| Pizza Full-Service Restaurants | 88.1 | 100.2 | 93.9 | 72.5 | 77.6 | 75.5 | −3.0 |
| Chained Pizza Full-Service Restaurants | 77.8 | 89.6 | 88.0 | 68.2 | 72.5 | 70.6 | −1.9 |
| Independent Pizza Full-Service Restaurants | 10.3 | 10.6 | 5.8 | 4.4 | 5.2 | 4.9 | −13.8 |
| Other Full-Service Restaurants | 958.4 | 1,005.6 | 942.3 | 642.4 | 706.6 | 661.4 | −7.1 |
| Independent Other Full-Service Restaurants | 958.4 | 1,005.6 | 942.3 | 642.4 | 706.6 | 661.4 | −7.1 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
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It is forecast that the foodservice sales will grow at a CAGR of 15.8% between 2022 and 2027 as the Covid-19 dies down and customer choose to enjoy the full service restaurants more often. All the subcategories grow as it is expected at the strong CAGR varying from 9.6% (Chained Pizza Full-Service Restaurants) to 19.6% (Independent Pizza Full-Service Restaurants) from 2022 to 2027.
The adoption of a similar strategy offers full-service restaurants the opportunity to leverage the expected influx of visitors from Mainland China when Hong Kong reopens its border in early 2023 which will help foodservice to recover to certain level (Euromonitor 2023).
| Category | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR* % 2022-2027 |
|---|---|---|---|---|---|---|---|
| Full-Service Restaurants | 6,218.3 | 8,783.4 | 9,779.9 | 10,709.0 | 11,803.5 | 12,932.0 | 15.8 |
| Chained full-service restaurants | 1,898.2 | 2,279.9 | 2,652.8 | 2,972.0 | 3,295.4 | 3,593.9 | 13.6 |
| Independent full-service Restaurants | 4,320.0 | 6,503.4 | 7,127.1 | 7,737.0 | 8,508.2 | 9,338.1 | 16.7 |
| Full-Service Restaurants by Type | 6,218.3 | 8,783.4 | 9,779.9 | 10,709.0 | 11,803.5 | 12,932.0 | 15.8 |
| Asian Full-Service Restaurants | 4,804.5 | 7,060.1 | 7,896.0 | 8,675.1 | 9,587.6 | 10,536.8 | 17.0 |
| Chained Asian Full-Service Restaurants | 1,684.9 | 2,027.8 | 2,373.3 | 2,670.3 | 2,967.8 | 3,238.2 | 14.0 |
| Independent Asian Full-Service Restaurants | 3,119.6 | 5,032.3 | 5,522.7 | 6,004.8 | 6,619.8 | 7,298.6 | 18.5 |
| European Full-Service Restaurants | 491.0 | 575.9 | 637.9 | 690.8 | 752.7 | 808.3 | 10.5 |
| Chained European Full-Service Restaurants | 107.2 | 126.6 | 139.8 | 150.8 | 165.7 | 182.0 | 11.2 |
| Independent European Full-Service Restaurants | 383.8 | 449.3 | 498.1 | 539.9 | 587.0 | 626.3 | 10.3 |
| North American Full-Service Restaurants | 185.7 | 224.1 | 262.0 | 289.7 | 326.0 | 359.1 | 14.1 |
| Chained North American Full-Service Restaurants | 35.5 | 42.9 | 48.4 | 53.0 | 57.4 | 62.2 | 11.9 |
| Independent North American Full-Service Restaurants | 150.3 | 181.2 | 213.7 | 236.6 | 268.6 | 296.9 | 14.6 |
| Pizza Full-Service Restaurants | 75.5 | 90.7 | 100.2 | 107.5 | 115.2 | 123.5 | 10.3 |
| Chained Pizza Full-Service Restaurants | 70.6 | 82.7 | 91.3 | 97.9 | 104.5 | 111.5 | 9.6 |
| Independent Pizza Full-Service Restaurants | 4.9 | 8.0 | 9.0 | 9.6 | 10.7 | 12.0 | 19.6 |
| Other Full-Service Restaurants | 661.4 | 832.6 | 883.7 | 946.0 | 1,022.0 | 1,104.3 | 10.8 |
| Independent Other Full-Service Restaurants | 661.4 | 832.6 | 883.7 | 946.0 | 1,022.0 | 1,104.3 | 10.8 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
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Limited-service restaurants
Compared with pre-pandemic year 2019, consumer spending on the limited-service restaurants declined to US$3,534.1 million and US$3,584.1 million respectively in 2021 and 2022, at the negative growth of −0.6% from 2017 to 2022. For the chained limited-service restaurants, consumer spending decreased to US$3,060.1 million in 2022 compared with US$3,343.0 million in 2019, growing negatively at a CAGR of −0.4% from 2017 to 2022. For the independent limited-service restaurants, consumer spending decreased in 2020, 2021 and 2022 compared with 2019, growing negatively at a CAGR of −1.7% from 2017 to 2022.
Many limited-service restaurants looked to expand their outlets to residential areas as there are expectations for this trend to remain relevant in the coming years. For example, McDonald's recently opened an outlet in Kwun Tong, which is considered a residential area. It is expected that sales through home delivery will remain a relevant source of income in the future due to increasing familiarity with online ordering, and hence limited-service restaurant operators are also likely to continue to form partnerships with popular delivery platforms for effective marketing campaigns (Euromonitor 2023).
| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR* % 2017-2022 |
|---|---|---|---|---|---|---|---|
| Limited-Service Restaurants | 3,687.4 | 3,837.7 | 3,965.8 | 3,230.6 | 3,534.1 | 3,584.1 | −0.6 |
| Chained Limited-Service Restaurants | 3,117.5 | 3,229.8 | 3,343.0 | 2,741.6 | 3,011.5 | 3,060.1 | −0.4 |
| Independent Limited-Service Restaurants | 570.0 | 607.9 | 622.8 | 489.0 | 522.6 | 524.1 | −1.7 |
| Limited-Service Restaurants by Type | 3,687.4 | 3,837.7 | 3,965.8 | 3,230.6 | 3,534.1 | 3,584.1 | −0.6 |
| Asian Limited-Service Restaurants | 1,957.8 | 1,982.8 | 2,045.5 | 1,618.8 | 1,768.3 | 1,778.7 | −1.9 |
| Chained Asian Limited-Service Restaurants | 1,759.4 | 1,770.5 | 1,825.9 | 1,441.4 | 1,572.8 | 1,583.7 | −2.1 |
| Independent Asian Limited-Service Restaurants | 198.4 | 212.3 | 219.6 | 177.4 | 195.5 | 195.0 | −0.3 |
| Bakery Products Limited-Service Restaurants | 131.2 | 137.1 | 137.6 | 100.5 | 112.4 | 114.7 | −2.7 |
| Chained Bakery Products Limited-Service Restaurants | 91.5 | 94.1 | 90.0 | 66.2 | 74.7 | 76.5 | −3.5 |
| Independent Bakery Products Limited-Service Restaurants | 39.8 | 43.1 | 47.6 | 34.3 | 37.6 | 38.2 | −0.8 |
| Burger Limited-Service Restaurants | 850.0 | 926.9 | 971.2 | 837.5 | 917.2 | 945.4 | 2.2 |
| Chained Burger Limited-Service Restaurants | 734.8 | 805.0 | 839.3 | 731.1 | 792.3 | 814.3 | 2.1 |
| Independent Burger Limited-Service Restaurants | 115.2 | 121.9 | 131.9 | 106.4 | 124.9 | 131.2 | 2.6 |
| Chicken Limited-Service Restaurants | 188.0 | 196.4 | 208.4 | 210.4 | 233.3 | 246.5 | 5.6 |
| Chained Chicken Limited-Service Restaurants | 175.4 | 183.2 | 194.4 | 198.9 | 220.5 | 233.1 | 5.9 |
| Independent Chicken Limited-Service Restaurants | 12.7 | 13.2 | 14.0 | 11.5 | 12.8 | 13.3 | 0.9 |
| Convenience Stores Limited-Service Restaurants | 71.5 | 75.3 | 77.3 | 63.4 | 74.5 | 74.4 | 0.8 |
| Chained Convenience Stores Limited-Service Restaurants | 71.5 | 75.3 | 77.3 | 63.4 | 74.5 | 74.4 | 0.8 |
| Ice Cream Limited-Service Restaurants | 41.4 | 42.9 | 46.8 | 37.6 | 39.0 | 35.3 | −3.1 |
| Chained Ice Cream Limited-Service Restaurants | 14.1 | 13.8 | 15.0 | 12.7 | 12.3 | 11.3 | −4.3 |
| Independent Ice Cream Limited-Service Restaurants | 27.3 | 29.1 | 31.8 | 24.9 | 26.7 | 24.0 | −2.5 |
| Middle Eastern Limited-Service Restaurants | 12.8 | 13.5 | 14.9 | 11.7 | 12.9 | 11.8 | −1.6 |
| Chained Middle Eastern Limited-Service Restaurants | 7.7 | 7.9 | 8.4 | 6.6 | 7.2 | 6.6 | −3.0 |
| Independent Middle Eastern Limited-Service Restaurants | 5.0 | 5.6 | 6.4 | 5.1 | 5.7 | 5.1 | 0.4 |
| Pizza Limited-Service Restaurants | 69.4 | 72.2 | 76.1 | 65.8 | 70.1 | 70.6 | 0.3 |
| Chained Pizza Limited-Service Restaurants | 69.4 | 72.2 | 76.1 | 65.8 | 70.1 | 70.6 | 0.3 |
| Other Limited-Service Restaurants | 365.3 | 390.5 | 388.0 | 284.9 | 306.4 | 306.6 | −3.4 |
| Chained Other Limited-Service Restaurants | 193.8 | 207.9 | 216.5 | 155.4 | 186.9 | 189.5 | −0.4 |
| Independent Other Limited-Service Restaurants | 171.6 | 182.7 | 171.5 | 129.5 | 119.4 | 117.1 | −7.4 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
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Over the forecast period, limited-service restaurants are projected to increase at a CAGR of 8.6% from 2022 to 2027, reaching US$5,408.1 million in 2027. All the subcategories grow between a CAGR of 4.7% (Chained Chicken Limited-Service Restaurants) and 16.1% (Independent Chicken Limited-Service Restaurants) from 2022 to 2027.
| Category | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR* % 2022-2027 |
|---|---|---|---|---|---|---|---|
| Limited-Service Restaurants | 3,584.1 | 4,062.2 | 4,470.1 | 4,814.1 | 5,103.8 | 5,408.1 | 8.6 |
| Chained Limited-Service Restaurants | 3,060.1 | 3,412.7 | 3,739.5 | 4,017.2 | 4,249.9 | 4,496.9 | 8.0 |
| Independent Limited-Service Restaurants | 524.1 | 649.5 | 730.7 | 796.9 | 853.8 | 911.2 | 11.7 |
| Limited-Service Restaurants by Type | 3,584.1 | 4,062.2 | 4,470.1 | 4,814.1 | 5,103.8 | 5,408.1 | 8.6 |
| Asian Limited-Service Restaurants | 1,778.7 | 2,023.3 | 2,217.7 | 2,380.6 | 2,526.9 | 2,682.5 | 8.6 |
| Chained Asian Limited-Service Restaurants | 1,583.7 | 1,760.5 | 1,921.5 | 2,061.0 | 2,186.5 | 2,319.9 | 7.9 |
| Independent Asian Limited-Service Restaurants | 195.0 | 262.9 | 296.2 | 319.6 | 340.4 | 362.6 | 13.2 |
| Bakery Products Limited-Service Restaurants | 114.7 | 132.8 | 148.6 | 161.2 | 168.8 | 176.8 | 9.0 |
| Chained Bakery Products Limited-Service Restaurants | 76.5 | 88.2 | 98.9 | 108.0 | 113.2 | 118.6 | 9.2 |
| Independent Bakery Products Limited-Service Restaurants | 38.2 | 44.6 | 49.7 | 53.3 | 55.6 | 58.1 | 8.7 |
| Burger Limited-Service Restaurants | 945.4 | 1,070.5 | 1,188.0 | 1,288.2 | 1,364.0 | 1,444.5 | 8.8 |
| Chained Burger Limited-Service Restaurants | 814.3 | 915.9 | 1,014.4 | 1,095.8 | 1,156.7 | 1,221.1 | 8.4 |
| Independent Burger Limited-Service Restaurants | 131.2 | 154.7 | 173.7 | 192.4 | 207.3 | 223.4 | 11.2 |
| Chicken Limited-Service Restaurants | 246.5 | 266.3 | 282.6 | 295.5 | 308.2 | 321.6 | 5.5 |
| Chained Chicken Limited-Service Restaurants | 233.1 | 248.0 | 261.9 | 272.4 | 282.8 | 293.6 | 4.7 |
| Independent Chicken Limited-Service Restaurants | 13.3 | 18.3 | 20.8 | 23.1 | 25.4 | 28.0 | 16.1 |
| Convenience Stores Limited-Service Restaurants | 74.4 | 82.2 | 89.7 | 96.0 | 99.8 | 103.8 | 6.9 |
| Chained Convenience Stores Limited-Service Restaurants | 74.4 | 82.2 | 89.7 | 96.0 | 99.8 | 103.8 | 6.9 |
| Ice Cream Limited-Service Restaurants | 35.3 | 40.4 | 45.1 | 47.8 | 50.0 | 52.4 | 8.2 |
| Chained Ice Cream Limited-Service Restaurants | 11.3 | 12.5 | 13.5 | 14.2 | 14.8 | 15.4 | 6.4 |
| Independent Ice Cream Limited-Service Restaurants | 24.0 | 28.0 | 31.6 | 33.6 | 35.3 | 37.0 | 9.0 |
| Middle Eastern Limited-Service Restaurants | 11.8 | 13.2 | 14.3 | 15.3 | 16.1 | 16.8 | 7.3 |
| Chained Middle Eastern Limited-Service Restaurants | 6.6 | 7.5 | 8.1 | 8.6 | 9.1 | 9.4 | 7.3 |
| Independent Middle Eastern Limited-Service Restaurants | 5.1 | 5.7 | 6.2 | 6.7 | 7.1 | 7.3 | 7.4 |
| Pizza Limited-Service Restaurants | 70.6 | 79.8 | 88.4 | 93.8 | 98.3 | 102.9 | 7.8 |
| Chained Pizza Limited-Service Restaurants | 70.6 | 79.8 | 88.4 | 93.8 | 98.3 | 102.9 | 7.8 |
| Other Limited-Service Restaurants | 306.6 | 353.7 | 395.8 | 435.8 | 471.6 | 506.8 | 10.6 |
| Chained Other Limited-Service Restaurants | 189.5 | 218.2 | 243.2 | 267.5 | 288.9 | 312.1 | 10.5 |
| Independent Other Limited-Service Restaurants | 117.1 | 135.5 | 152.5 | 168.3 | 182.7 | 194.7 | 10.7 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
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Cafés and bars
Sales of café/bars plummet in 2020 (US$511.3 million), 2021(US$638.5 million) and 2022 (US$577.8 million) compared with US$1,079.2 million in 2019. The CAGR growth for cafés/bars was −11.6% between 2017 and 2022, in which chained cafes/bars was −0.5% and independent cafes/bars was −17.8%. Sales of some subcategories started to rebound in 2022 although the total cafes/bars sales (chained and independent) still lower than the 2019 level.
Due to the severity of the fifth wave in the first quarter of 2022, foodservice channels such as bars/cubs were negatively impacted by tightened social distancing measures. Hence, the government offered financial relief under the fifth round of the "Anti-epidemic Fund", where nightclubs, karaoke establishments, and bars that are required to close their entire licensed premises as directed under the Prevention and Control of Diseases Regulation, were eligible to apply for an additional HKD25,000 subsidy. This financial aid gave some businesses a chance to survive for longer (Euromonitor 2023).
| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR* % 2017-2022 |
|---|---|---|---|---|---|---|---|
| Cafés/Bars | 1,071.1 | 1,142.3 | 1,079.2 | 511.3 | 638.5 | 577.8 | −11.6 |
| Chained cafés/bars | 292.1 | 308.1 | 314.9 | 223.3 | 274.9 | 285.1 | −0.5 |
| Independent cafés/bars | 779.0 | 834.3 | 764.4 | 288.0 | 363.6 | 292.7 | −17.8 |
| Bars/Pubs | 595.3 | 645.1 | 590.5 | 147.6 | 192.3 | 137.3 | −25.4 |
| Chained bars/pubs | 17.2 | 19.2 | 21.3 | 7.3 | 8.7 | 6.7 | −17.2 |
| Independent bars/pubs | 578.1 | 625.9 | 569.1 | 140.3 | 183.6 | 130.6 | −25.7 |
| Cafés | 170.9 | 174.8 | 164.9 | 123.8 | 147.3 | 127.1 | −5.8 |
| Chained cafés | 9.8 | 10.4 | 9.4 |
6.6 |
6.3 | 5.3 | −11.6 |
| Independent cafés | 161.1 | 164.4 | 155.5 | 117.2 | 141.0 | 121.8 | −5.4 |
| Specialist Coffee and Tea Shops | 305.0 | 322.4 | 323.9 | 239.8 | 298.9 | 313.4 | 0.5 |
| Chained specialist coffee and tea shops | 265.2 | 278.5 | 284.2 | 209.3 | 259.9 | 273.1 | 0.6 |
| Independent specialist coffee and tea shops | 39.8 | 43.9 | 39.8 | 30.5 | 39.0 | 40.3 | 0.3 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
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Over the forecast period, cafés/bars are projected to increase at a 17.0%, reaching US$1,264.4 million in 2027. Although the recovery of cafés/bars is expected to be slower than other consumer foodservice channels, sales of the most categories and subcategories are expected to return to pre-COVID levels in 2027
| Category | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR* % 2022-2027 |
|---|---|---|---|---|---|---|---|
| Cafés/Bars | 577.8 | 713.3 | 853.4 | 983.0 | 1,112.3 | 1,264.4 | 17.0 |
| Chained cafés/bars | 285.1 | 314.9 | 333.4 | 350.0 | 364.2 | 379.0 | 5.9 |
| Independent cafés/bars | 292.7 | 398.4 | 520.0 | 633.1 | 748.1 | 885.5 | 24.8 |
| Bars/Pubs | 137.3 | 199.9 | 283.2 | 373.1 | 468.8 | 585.1 | 33.6 |
| Chained bars/pubs | 6.7 | 8.1 | 9.6 | 11.1 | 12.5 | 13.7 | 15.4 |
| Independent bars/pubs | 130.6 | 191.7 | 273.5 | 362.0 | 456.4 | 571.4 | 34.3 |
| Cafés | 127.1 | 155.8 | 186.5 | 204.1 | 218.8 | 234.5 | 13.0 |
| Chained cafés | 5.3 | 6.4 | 7.3 | 8.2 | 9.1 | 10.0 | 13.5 |
| Independent cafés | 121.8 | 149.5 | 179.2 | 195.9 | 209.7 | 224.6 | 13.0 |
| Specialist Coffee and Tea Shops | 313.4 | 357.6 | 383.7 | 405.8 | 424.7 | 444.8 | 7.3 |
| Chained specialist coffee and tea shops | 273.1 | 300.4 | 316.5 | 330.6 | 342.7 | 355.3 | 5.4 |
| Independent specialist coffee and tea shops | 40.3 | 57.2 | 67.2 | 75.2 | 82.0 | 89.5 | 17.3 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
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Self-service café
Sales of self-service cafeteria plummet in 2020 (US$7.8 million), 2021 (US$7.9 million) and 2022 (US$6.8 million) compared with US$13.5 million in 2019 due to home seclusion and COVID-19 measures. It grew negatively at a CAGR of −9.3% from 2017 to 2022.
The choice of self-service cafeterias in Hong Kong was limited even before the pandemic, making this channel a highly consolidated competitive landscape. This is because self-service cafeterias is a small channel in Hong Kong and not necessarily top of mind when local consumers decide where to eat. Instead, it is often considered a meeting place for younger consumers over the weekend (Euromonitor 2023).
| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR* % 2017-2022 |
|---|---|---|---|---|---|---|---|
| Self-Service Cafeterias | 11.1 | 13.0 | 13.5 | 7.8 | 7.9 | 6.8 | −9.3 |
| Chained self-service cafeterias | 11.1 | 13.0 | 13.5 | 7.8 | 7.9 | 6.8 | −9.3 |
| Independent self-service cafeterias | |||||||
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
|||||||
Over the forecast period, self-service cafeteria is expected to see a 28.7% CAGR between 2022 and 2027, reaching US$24.0 million in 2027.
| Category | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR* % 2022-2027 |
|---|---|---|---|---|---|---|---|
| Self-Service Cafeterias | 6.8 | 13.7 | 16.9 | 19.5 | 21.6 | 24.0 | 28.7 |
| Chained self-service cafeterias | 6.8 | 13.7 | 16.9 | 19.5 | 21.6 | 24.0 | 28.7 |
| Independent self-service cafeterias | |||||||
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
|||||||
Street stalls/kiosks
The street stalls/kiosks channel remained highly fragmented being dominated by independents, US$143.6 million in 2022 compared with US$189.1 million in 2019, growing negatively at a CAGR of −3.2% from 2017 to 2022. Chained street stalls/kiosks only represented US$65.1 million in 2022, down from US$80.4 million in 2019 even though it grew positively at 2.6% from 2017 to 2022. Independent street stalls/kiosks saw declined sales at US$78.5 million in 2022, down from US$108.7 million in 2019, growing negatively at a CAGR of −6.8% from 2017 to 2022.
Over the forecast period, street stalls/kiosks are projected to see a 9.4% CAGR from 2022 to 2027, reaching US$225.0 million in 2027.
Street stalls/kiosks in Hong Kong experienced significant sales declines in 2020, 2021 and 2022 due to the impact of the pandemic, including low footfall amongst local consumers due to remote working policies, and lack of inbound tourists, despite a marginal respite in 2021 (Euromonitor 2023).
| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR* % 2017-2022 |
|---|---|---|---|---|---|---|---|
| Street Stalls/Kiosks | 168.7 | 197.4 | 189.1 | 148.7 | 153.4 | 143.6 | −3.2 |
| Chained street stalls/kiosks | 57.3 | 82.4 | 80.4 | 55.5 | 67.1 | 65.1 | 2.6 |
| Independent street stalls/kiosks | 111.4 | 115.0 | 108.7 | 93.2 | 86.3 | 78.5 | −6.8 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
|||||||
| Category | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR* % 2022-2027 |
|---|---|---|---|---|---|---|---|
| Street Stalls/Kiosks | 143.6 | 164.8 | 181.7 | 198.2 | 212.8 | 225.0 | 9.4 |
| Chained street stalls/kiosks | 65.1 | 76.1 | 85.2 | 94.2 | 102.2 | 108.5 | 10.8 |
| Independent street stalls/kiosks | 78.5 | 88.7 | 96.5 | 103.9 | 110.6 | 116.5 | 8.2 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
|||||||
Online vs offline ordering
The online consumer service became very popular after the pandemic started. It increased from 2.8% in 2019 to 19.5% in 2020, 19.2% in 2021 and 31.2% in 2022 respectively. The CAGR grew 104.0% between 2017 and 2022 while the offline saw a negative growth −8.5%.
The online café/bars increased from 3.8% in 2019 to 22.8% in 2020, 19.7% in 2021 and 28.8% respectively. The CAGR grew 73.2% between 2017 and 2022 while the offline saw a negative growth −7.4%.
The online full-service restaurants increased from 2.5% in 2019 to 20.7% in 2020, 20.1% in 2021 and 33.4% respectively. The CAGR grew 129.7% between 2017 and 2022 while the offline saw a negative growth −9.4%.
The online limited service increased from 3.5% in 2019 to both 17.6% in 2020 and in 2021, and 28.1% respectively. The CAGR grew 76.4% between 2017 and 2022 while the offline saw a negative growth −7.2%.
The online street stalls/kiosks increased from 0.8% in 2019 to 4.9% in 2020, 11.9% in 2021 and 22.0% respectively. The CAGR grew 201.8% between 2018 and 2022 while the offline saw a negative growth −6.0% from 2017 to 2022.
It is projected that only Limited-Service Restaurants online and Street Stalls/Kiosks online will continue to grow steadily from 2022 to 2027.
| Category | Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR* % 2017-2022 |
|---|---|---|---|---|---|---|---|---|
| Consumer Foodservice by Type | Online | 1.8 | 2.3 | 2.8 | 19.5 | 19.2 | 31.2 | 104.0 |
| Offline | 98.2 | 97.7 | 97.2 | 80.5 | 80.8 | 68.8 | −8.5 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Cafés/Bars | Online | 3.2 | 3.8 | 3.8 | 22.8 | 19.7 | 28.8 | 73.2 |
| Offline | 96.8 | 96.2 | 96.2 | 77.2 | 80.3 | 71.3 | −7.4 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Full-Service Restaurants | Online | 1.2 | 1.9 | 2.5 | 20.7 | 20.1 | 33.4 | 129.7 |
| Offline | 98.8 | 98.1 | 97.5 | 79.3 | 79.9 | 66.6 | −9.4 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Limited-Service Restaurants | Online | 2.9 | 3.2 | 3.5 | 17.6 | 17.6 | 28.1 | 76.4 |
| Offline | 97.1 | 96.8 | 96.5 | 82.4 | 82.4 | 71.9 | −7.2 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Self-Service Cafeterias | Online | 5.7 | 4.2 | 5.7 | 4.2 | 5.3 | −1.2 (2018 to 2022) | |
| Offline | 100.0 | 94.3 | 95.8 | 94.3 | 95.8 | 94.7 | −1.4 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Street Stalls/Kiosks | Online | 0.8 | 0.8 | 4.9 | 11.9 | 22.0 | 201.8% (2018 to 2022) | |
| Offline | 100.0 | 99.3 | 99.2 | 95.1 | 88.1 | 78.0 | −6.0 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
||||||||
| Category | Type | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR* % 2022-2027 |
|---|---|---|---|---|---|---|---|---|
| Consumer Foodservice by Type | Online | 31.2 | 30.6 | 29.7 | 29.3 | 29.6 | 29.7 | −1.2 |
| Offline | 68.8 | 69.4 | 70.3 | 70.7 | 70.4 | 70.3 | 0.5 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Cafés/Bars | Online | 28.8 | 25.8 | 23.5 | 22.9 | 22.5 | 22.4 | −6.1 |
| Offline | 71.3 | 74.2 | 76.5 | 77.1 | 77.5 | 77.6 | 2.1 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Full-Service Restaurants | Online | 33.4 | 31.9 | 30.9 | 30.3 | 30.6 | 30.8 | −2.0 |
| Offline | 66.6 | 68.1 | 69.1 | 69.7 | 69.4 | 69.2 | 1.0 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Limited-Service Restaurants | Online | 28.1 | 28.8 | 28.6 | 28.6 | 28.8 | 29.0 | 0.8 |
| Offline | 71.9 | 71.2 | 71.4 | 71.4 | 71.2 | 71.0 | −0.3 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Self-Service Cafeterias | Online | 5.3 | 4.9 | 4.7 | 4.7 | 4.7 | 4.8 | −2.4 |
| Offline | 94.7 | 95.1 | 95.3 | 95.3 | 95.3 | 95.2 | 0.1 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Street Stalls/Kiosks | Online | 22.0 | 26.0 | 27.9 | 29.1 | 30.1 | 30.0 | 8.1 |
| Offline | 78.0 | 74.0 | 72.1 | 70.9 | 69.9 | 70.0 | −2.7 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
||||||||
Eat-in vs delivery and to-go sales
The consumer service home delivery became very popular after the pandemic started. It increased from 8.5% in 2019 to both 20.3% in 2020 and in 2021, and 23.6% respectively. Its CAGR grew 32.3% between 2017 and 2022 while the eat-in saw a negative growth −14.3%. However takeaway grew at a CAGR of 52.3% from 2017 to 2022, even higher that the home delivery.
The cafés/bars home delivery increased from 11.8% in 2019 to 39.5% in 2020, 35.3%% in 2021 and 39.2% respectively. Its CAGR grew 40.0% between 2017 and 2022 while the eat-in saw a negative growth −15.6%. However takeaway grew at a CAGR of 45.9% from 2017 to 2022.
The full-service restaurants home delivery increased from 5.0% in 2019 to 17.0% in 2020, 17.1% in 2021 and 20.7% in 2022 respectively. Its CAGR grew 46.5% between 2017 and 2022 while the eat-in saw a negative growth −17.5%. However takeaway grew a CAGR of 78.8% from 2017 to 2022.
The limited service restaurant home delivery increased from 13.0% in 2019 to 20.5% in 2020, 21.2% in 2021 and 23.5% in 2022 respectively. Its CAGR grew 16.9% between 2017 and 2022 while the eat-in saw a negative growth −7.1%. However takeaway grew at a CAGR of 14.9% from 2017 to 2022.
The street stalls/kiosks home delivery increased from 87.2% in 2019 to 90.3% in 2020, 90.2% in 2021 and 91.7% respectively. Its CAGR grew 1.1% between 2017 and 2022 while the eat-in saw a negative growth −20.2%.
| Category | Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR* % 2017-2022 |
|---|---|---|---|---|---|---|---|---|
| Consumer Foodservice | Eat-in | 86.8 | 86.1 | 84.9 | 59.6 | 57.4 | 46.8 | −14.3 |
| Home Delivery | 7.7 | 8.0 | 8.5 | 20.3 | 20.3 | 23.6 | 32.3 | |
| Takeaway | 5.5 | 5.9 | 6.6 | 19.7 | 22.3 | 29.6 | 52.3 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Cafés/Bars | Eat-in | 86.0 | 85.3 | 82.7 | 45.8 | 51.5 | 43.6 | −15.6 |
| Home delivery | 10.2 | 10.3 | 11.8 | 39.5 | 35.3 | 39.2 | 40.0 | |
| Takeaway | 3.8 | 4.5 | 5.5 | 14.7 | 13.2 | 17.2 | 45.9 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Full-Service Restaurants | Eat-in | 91.9 | 91.2 | 90.6 | 61.7 | 57.3 | 42.6 | −17.5 |
| Home delivery | 4.5 | 4.7 | 5.0 | 17.0 | 17.1 | 20.7 | 46.5 | |
| Takeaway | 3.6 | 4.0 | 4.4 | 21.3 | 25.6 | 36.8 | 78.8 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Limited-Service Restaurants | Eat-in | 75.7 | 75.1 | 74.4 | 60.1 | 60.9 | 56.3 | −7.1 |
| Home delivery | 12.6 | 12.8 | 13.0 | 20.5 | 21.2 | 23.5 | 16.9 | |
| Takeaway | 11.6 | 12.1 | 12.6 | 18.0 | 18.0 | 20.2 | 14.9 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Self-Service Cafeterias | Eat-in | 92.6 | 91.8 | 91.3 | 79.1 | 82.5 | 73.1 | −5.7 |
| Takeaway | 7.4 | 8.2 | 8.7 | 20.9 | 17.5 | 26.9 | 38.1 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Street Stalls/Kiosks | Eat-in | 12.3 | 12.1 | 11.9 | 6.7 | 6.8 | 5.0 | −20.2 |
| Home delivery | 87.8 | 87.1 | 87.2 | 90.3 | 90.2 | 91.7 | 1.1 | |
| Takeaway | 0.8 | 0.9 | 2.9 | 2.9 | 3.3 | 42.5% (2018-2022) | ||
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
||||||||
| Category | Type | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR* % 2022-2027 |
|---|---|---|---|---|---|---|---|---|
| Consumer Foodservice | Eat-in | 46.8 | 51.6 | 57.7 | 65.5 | 72.8 | 76.6 | 13.1 |
| Home Delivery | 23.6 | 22.2 | 20.4 | 18.3 | 15.6 | 14.1 | −12.1 | |
| Takeaway | 29.6 | 26.2 | 21.9 | 16.2 | 11.6 | 9.3 | −25.1 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Cafés/Bars | Eat-in | 43.6 | 47.2 | 52.3 | 59.7 | 68.1 | 73.0 | 13.8 |
| Home delivery | 39.2 | 36.6 | 33.3 | 28.1 | 23.3 | 20.3 | −15.2 | |
| Takeaway | 17.2 | 16.2 | 14.4 | 12.3 | 8.6 | 6.7 | −21.0 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Full-Service Restaurants | Eat-in | 42.6 | 49.6 | 58.0 | 69.5 | 80.4 | 85.4 | 19.0 |
| Home delivery | 20.7 | 19.2 | 17.1 | 14.0 | 10.2 | 8.2 | −20.7 | |
| Takeaway | 36.8 | 31.2 | 25.0 | 16.5 | 9.4 | 6.4 | −35.4 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Limited-Service Restaurants | Eat-in | 56.3 | 58.5 | 60.2 | 59.9 | 59.0 | 59.3 | 1.3 |
| Home delivery | 23.5 | 23.3 | 22.4 | 23.1 | 23.4 | 23.5 | 0.0 | |
| Takeaway | 20.2 | 18.2 | 17.4 | 16.9 | 17.6 | 17.2 | −3.9 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Self-Service Cafeterias | Eat-in | 73.1 | 77.1 | 82.0 | 87.8 | 90.2 | 91.2 | 5.7 |
| Takeaway | 26.9 | 22.9 | 18.0 | 12.2 | 9.8 | 8.8 | −24.4 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
| Street Stalls/Kiosks | Eat-in | 5.0 | 6.1 | 7.2 | 8.3 | 9.2 | 10.2 | 19.5 |
| Home delivery | 91.7 | 90.4 | 89.1 | 88.1 | 87.8 | 87.8 | −1.1 | |
| Takeaway | 3.3 | 3.5 | 3.7 | 3.6 | 3.0 | 2.0 | −11.8 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 0.0 | |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
||||||||
Consumer foodservice by location
Consumer foodservice through standalone decreased to US$7,715.8 million in 2020, US$7,348.7 million in 2021 and US$6,530.0 million in 2022 respectively compared with US$10,435.2 million in 2019. Consumer service through retail decreased to US$2,052.8 million in 2020, US$3,029.2 million in 2021 and US$2,220.8 million in 2022 respectively compared with US$3,972.0 million in 2019. Consumer foodservice through travel decreased to US$270.2 million in 2020, US$591.6 million in 2021 and US$401.6 million in 2022 respectively compared with US$883.3 million in 2019.
Consumer foodservice through leisure decreased to US$93.1 million in 2020, increased to US$164.9 million in 2021, again decreased to US$115.7 million compared with US$141.2 million in 2019. Consumer foodservice through lodging decreased to US$101.3 million in 2020, increased to US$483.7 million in 2021 and US$1,262.5 million in 2022 compared with US$252.5 million in 2019.
| Category | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | CAGR* % 2017-2022 |
|---|---|---|---|---|---|---|---|
| Consumer Foodservice by Location | 15,735.5 | 16,746.7 | 15,684.3 | 10,233.2 | 11,618.2 | 10,530.5 | −7.7 |
| Consumer Foodservice Through Standalone | 10,629.3 | 11,248.8 | 10,435.2 | 7,715.8 | 7,348.7 | 6,530.0 | −9.3 |
| Consumer Foodservice Through retail | 3,877.2 | 4,161.6 | 3,972.0 | 2,052.8 | 3,029.2 | 2,220.8 | −10.5 |
| Consumer Foodservice Through travel | 849.7 | 924.4 | 883.3 | 270.2 | 591.6 | 401.6 | −13.9 |
| Consumer Foodservice Through Leisure | 133.8 | 147.4 | 141.2 | 93.1 | 164.9 | 115.7 | −2.9 |
| Consumer Foodservice Through lodging | 245.5 | 264.6 | 252.5 | 101.3 | 483.7 | 1,262.5 | 38.8 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
|||||||
| Category | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR* % 2022-2027 |
|---|---|---|---|---|---|---|---|
| Consumer Foodservice by Location | 10,530.5 | 13,428.5 | 14,651.4 | 15,681.9 | 16,766.0 | 17,859.2 | 11.1 |
| Consumer Foodservice Through Standalone | 6,530.0 | 6,990.6 | 7,483.4 | 7,873.2 | 8,296.3 | 8,751.5 | 6.0 |
| Consumer Foodservice Through retail | 2,220.8 | 3,511.3 | 3,861.3 | 4,154.4 | 4,482.3 | 4,828.2 | 16.8 |
| Consumer Foodservice Through travel | 401.6 | 699.5 | 789.7 | 859.7 | 925.7 | 1,000.4 | 20.0 |
| Consumer Foodservice Through Leisure | 115.7 | 228.8 | 253.0 | 276.4 | 303.4 | 326.7 | 23.1 |
| Consumer Foodservice Through lodging | 1,262.5 | 1,998.3 | 2,263.9 | 2,518.2 | 2,758.2 | 2,952.5 | 18.5 |
|
Source: Euromonitor 2023 *CAGR: Compound Annual Growth Rate |
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Resources
- Euromonitor, 2023
- Euromonitor March 2023
- Country report: Consumer Foodservice in Hong Kong
- Country report: Full-service restaurants in Hong Kong
- Country report: Limited-service restaurants in Hong Kong
- Country report: Cafes/bars in Hong Kong
- Country report: Self-service restaurants in Hong Kong
- Country report: Street stalls/kiosks in Hong Kong
- World Bank 2022
Foodservice – Hong Kong
Global Analysis Report
Prepared by: Hongli Wang, Market Analyst
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