Retail volume growth of food preparation appliances in Hong Kong is expected to remain slow over the forecast period, hampered by global socioeconomic uncertainty, reducing consumers inclination to spend on this type of appliance.
Increasingly busy lifestyles in Hong Kong, driven by the return to long working hours, will also likely play a role in limiting the stronger growth of food preparation appliances over the forecast period. Instead, some consumers are likely to increasingly rely on convenient foodservice meals, either for lunch or dinner on their way back from the workplace, or by ordering through food delivery platforms.
While local consumers traditionally prefer European and Japanese brands of food preparation appliances, there is a growing shift in preference towards Chinese brands. Many factories in China have been original equipment manufacturers (OEM) for European and Japanese brands for a number of years, so the standard of product quality, machinery and skills of factory employees have significantly improved, as has the quality of their products.
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Understand the latest market trends and future growth opportunities for the Food Preparation Appliances industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Food Preparation Appliances industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Food Preparation Appliances
Food preparation appliances includes food processors, blenders, mixers, juice extractors, citrus pressers, other food preparation appliances (eg pasta makers, electric mincers, smoothie makers, grinders and electric whisks)
See all of our definitionsThis report originates from Passport, our Food Preparation Appliances research and analysis database.
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