The Hungarian Prepared Meals sector has a very small value share globally, at 0.2% in 2016. Rising urbanization rates, changing lifestyles, and increased taxes on food high in fat, sugar, and salt are expected to boost the demand for Prepared Meals in Hungary by 2021. Of the three markets in the sector Ready Meals is the largest in both value and volume terms. Hypermarkets & Supermarkets accounted for the largest share of distribution in the country, while Flexible Packaging remained most commonly used packaging material in the sector. Guseppe and Ristorante are the leading market players in the Prepared Meals sector.
GlobalData’s Country Profile report on the Prepared Meals sector in Hungary provides insights on high growth categories to target, trends in the usage of packaging materials, types and closures category level distribution data and brands market shares.
What else is contained?
Market data: Overall market value and volume data with growth analysis for 2016-2021
Category coverage: Value and growth analysis for Meal Kits, Pizza and Ready Meals with inputs on individual segment share within each category and the change in their market share forecast for 2016-2021
Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016
Distribution data: Value shares within each category through channels such as Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists and more
Packaging data: consumption breakdown for packaging materials and containers in each category, in terms of percentage share of number of units sold. Packaging material data for flexible packaging, rigid plastics and rigid metal; container data for: Bag/Sachet, film, trays, tubs, and others.
The Hungarian Prepared Meals sector is expected to grow at a CAGR of 1.9% during 2016-2021. Per capita consumption in the country remains a little high when compared to the global and Western European level, respectively, in 2016.
Of the three markets, Ready meals is the largest in Hungarian Prepared Meals sector, registering a CAGR of 2.1% during 2011-2016
Hypermarkets & Supermarkets is the leading distribution channel for the Hungarian Prepared Meals sector, accounting for a total value share of 52.8% in 2016.
Flexible Packaging is the most commonly used packaging material in the Hungarian Prepared Meals sector
Reasons to buy
Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
Manufacturers can identify the opportunities to position products with H&W attributes/benefits
Access the key and most influential consumer trends driving Prepared Meals products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.