Food & Grocery Retail in Hungary

August 2024 | 38 pages | ID: F5A13D83928FEN
MarketLine

Abstracts

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.

Scope

• 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

Reasons to Buy

• 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?

Contents

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

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

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