Company: BGHL
Filing Date: 2025-09-11
Form Type: F-1/A
Source: 0001213900-25-086807
Chunk: 99

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-11
Form: F-1/A
Chunk 99
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 HK$6,617.1 million in 2019 to an estimated HK$7,329.3 million in 2024, representing a CAGR of 2.1% during that period, driven by the city’s role as a hub for high -endfood imports, increasing demand for luxury products such as Wagyu beef, sea cucumbers, abalone, fish maw, and premium wines, and the resilience of the premium segment even during the COVID -19pandemic. 55 Looking ahead, the market is forecasted to grow at a faster CAGR of 3.4% from 2025 to 2029, reaching HK$8,629.4 million by 2029. Key drivers include rising consumer preference for high -quality, health -consciousfood products, the recovery and expansion of fine dining and hospitality sectors, and the continued growth of e -commercechannels facilitating access to premium goods. This sustained growth highlights the robust demand for high -endfood and beverages in Hong Kong’s affluent and luxury -focusedmarket. Source: The Frost & Sullivan Report Market Drivers Analysis Growth of Fine Dining and Hospitality Sectors:Hong Kong’s vibrant culinary scene and its reputation as a global dining destination drive significant demand for premium food and beverage supply chain solutions. The city is home to 79 Michelin -starredrestaurants, reflecting the high standards of its fine dining establishments, which rely on exclusive, high -qualityingredients to create exceptional culinary experiences. Besides, In 2024, Hong Kong hosts 41 high -tariffA hotels, which cater to affluent travelers and locals seeking luxury dining and hospitality services. Premium food and beverages are deeply ingrained in Hong Kong’s culture, playing a central role in social gatherings, business events, and celebrations, further elevating the demand for rare and exclusive products. This cultural emphasis, combined with the expanding fine dining and hospitality sectors, has bolstered the premium food and beverage supply chain industry, as businesses strive to meet the expectations of discerning customers and maintain Hong Kong’s status as a global culinary capital. Growing Affluence and High Concentration of Ultra -High - Net-Worth Individuals:Hong Kong ranks second globally in the concentration of ultra -high - net-worthindividuals, with 12,546 individuals each worth over US$30 million in 2024. The affluent demographic drives significant demand for premium and exclusive food and beverage products, as luxury dining and unique culinary experiences are integral aspects of their lifestyle. Additionally, Hong Kong’s gross national