Food & Grocery Retail in Hungary
Summary
Food & Grocery Retail in Hungary industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The food & grocery retail market is segmented into household products, tobacco, food, and drinks. Market value refers to retail sales.
- The Hungarian food & grocery retail market recorded revenues of $27.7 billion in 2023, representing a compound annual growth rate (CAGR) of 4.6% between 2018 and 2023.
- The food segment accounted for the market's largest proportion in 2023, with total revenues of $18 billion, equivalent to 65.2% of the market's overall value.
- Rising consumer confidence is a key driver for the food & grocery retail market, as consumers are more willing to spend on higher-quality products that align with their lifestyle and health priorities. According to the Organisation for Economic Co-operation and Development (OECD), the consumer confidence index in Hungary reached 99.02 in August 2023, up from 97.68 in August 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the food & grocery retail market in Hungary
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the food & grocery retail market in Hungary
- Leading company profiles reveal details of key food & grocery retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Hungary food & grocery retail market with five year forecasts by both value and volume
- What was the size of the Hungary food & grocery retail market by value in 2023?
- What will be the size of the Hungary food & grocery retail market in 2028?
- What factors are affecting the strength of competition in the Hungary food & grocery retail market?
- How has the market performed over the last five years?
- Who are the top competitors in Hungary's food & grocery retail market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of leading players?
- 7.3. What are the most recent developments in the market?
- 8 Company Profiles
- 8.1. LIDL Magyarorszag Kereskedelmi Bt.
- 8.2. Aldi Einkauf GmbH & Co oHG
- 8.3. Tesco PLC
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Hungary food & grocery retail market value: $ million, 2018-23
- Table 2: Hungary food & grocery retail market category segmentation: % share, by value, 2018-2023
- Table 3: Hungary food & grocery retail market category segmentation: $ million, 2018-2023
- Table 4: Hungary food & grocery retail market geography segmentation: $ million, 2023
- Table 5: Hungary food & grocery retail market value forecast: $ million, 2023-28
- Table 6: LIDL Magyarorszag Kereskedelmi Bt.: key facts
- Table 7: Aldi Einkauf GmbH & Co oHG: key facts
- Table 8: Aldi Einkauf GmbH & Co oHG: Key Employees
- Table 9: Tesco PLC: key facts
- Table 10: Tesco PLC: Annual Financial Ratios
- Table 11: Tesco PLC: Key Employees
- Table 12: Tesco PLC: Key Employees Continued
- Table 13: Hungary size of population (million), 2019-23
- Table 14: Hungary real gdp (constant 2010 prices, $ billion), 2019-23
- Table 15: Hungary gdp (current prices, $ billion), 2019-23
- Table 16: Hungary inflation, 2019-23
- Table 17: Hungary consumer price index (absolute), 2019-23
- Table 18: Hungary exchange rate, 2018-23
- List of Figures
- Figure 1: Hungary food & grocery retail market value: $ million, 2018-23
- Figure 2: Hungary food & grocery retail market category segmentation: $ million, 2018-2023
- Figure 3: Hungary food & grocery retail market geography segmentation: % share, by value, 2023
- Figure 4: Hungary food & grocery retail market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the food & grocery retail market in Hungary, 2023
- Figure 6: Drivers of buyer power in the food & grocery retail market in Hungary, 2023
- Figure 7: Drivers of supplier power in the food & grocery retail market in Hungary, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the food & grocery retail market in Hungary, 2023
- Figure 9: Factors influencing the threat of substitutes in the food & grocery retail market in Hungary, 2023
- Figure 10: Drivers of degree of rivalry in the food & grocery retail market in Hungary, 2023
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