Hong Kong, China

Milk formula in Hong Kong is experiencing a significant shift in consumer dynamics, resulting in stagnant retail sales and demand. Prior to the pandemic, mainland Chinese tourists were the dominant force, contributing approximately 70% of total…

The sustained rise in retail prices and the higher cost of living in Hong Kong have made consumers increasingly cautious with their spending habits. In response to these economic challenges, local consumers increasingly seek out alternative avenues…

Retail value sales of cheese in Hong Kong declined in the first half of 2024, primarily driven by a decrease in the overall unit price due to a heightened price war among players. While raw material and energy costs have stabilised compared to the…

The ongoing rise in the cost of living is having a significant impact on sales of dairy products and alternatives in Hong Kong. As the cost of living in the city continues to escalate, consumers are becoming increasingly cautious and price-sensitive…

The lingering effects of inflation, combined with a constant rise in the cost of living in Hong Kong, have prompted a notable shift in consumer behaviour within the retail landscape. Faced with the pressure of higher everyday expenses, local…