Hungary - The Future of Foodservice to 2024

Hungary - The Future of Foodservice to 2024

  • December 2020 •
  • 103 pages •
  • Report ID: 5013073 •
  • Format: PDF
Hungary - The Future of Foodservice to 2024

Summary
"Hungary - The Future of Foodservice to 2024” published provides extensive insight and analysis of the Hungarian Foodservice market over the next five years (2019-2024) and acts as a vital point of reference for operators or suppliers. The report includes:

The Hungarian profit sector has grown at a CAGR of 8.0% from 2014-2019, with the market becoming increasingly attractive for international investment and operators. Expansionary monetary policy, increasing employment rate, and the consequent rise in disposable income are among the major factors driving the growth of the Hungarian economy. As such, growth across all profit sector channels were primarily attributed to rising transaction numbers, rather than outlet number expansion, as Hungarian cities approach saturation and desirable locations became increasingly sparse.

Overview of Hungary’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on Hungary’s foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.

Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR and Pubs, Clubs and Bars) within Hungary’s foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.

Customer segmentation: identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the Hungarian population.

Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

Scope
- FSR represents the largest foodservice channel in Hungary, generating revenue of HUF394.2 billion in 2019 (or a 22.5% share of the overall profit sector).
- An increase in employment and rising disposable incomes are key drivers of domestic consumption. In addition, expanding middle class and growing urban population will further boost the overall domestic consumption thereby aiding GDP growth.
- Currently, the channel is dominated by independent operators, which account for majority of outlets. Moreover, 88% of FSR consumers cite a general preference for independent operators.

Reasons to Buy
- Specific forecasts of the foodservice market over the next five years (2019-2024) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
- Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR and Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
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