Despite predictions for a further decline in the number of outlets over the forecast period, with some independent operators struggling with price pressures and falling footfall in certain areas, the outlook for small local grocers is fairly positive. Hong Kong’s population is set to continue ageing as local birth rates further decline.
Various foodservice establishments in Hong Kong increasingly favour locally sourced products. By offering produce from local farms, small local grocers can also leverage this trend, placing them in a strong position among consumers, including expatriates, who consider local products as a key purchase driver.
When remote working policies were adopted in Hong Kong during the pandemic, local consumers became more willing to stock up on food and essential snacks to reduce the need to visit grocery retailers. However, with greater time spent outside of the home post-pandemic, and the more frequent return to the office, consumers are more likely to visit small local grocers on their way to or from work for a quick snack or essential items near their homes.
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Understand the latest market trends and future growth opportunities for the Small Local Grocers 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 Small Local Grocers 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.
Small local grocers are mostly independent retail outlets (with a selling space of under 400 square metres), kiosks, market stalls or street vendors, owned by families and/or run on an individual basis, and with a primary focus on selling food/beverages/tobacco and other groceries. Small local grocers also includes ethnic grocery stores that specialize in foreign brands and food types, health food stores, confectioners/newsagents/tobacconists (CTNs), food & drink souvenir stores, legally registered mobile shops that are run out of a truck, and regional specialty stores. Retail sales from farmers markets, farms, vineyards, or similar producers are also included in small local grocers. Outlets located within wet markets in Southeast Asia (often located in government-owned multi-story buildings) should be counted as separate outlets.
See all of our definitionsThis report originates from Passport, our Small Local Grocers research and analysis database.
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