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Market Research Report
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1072916

Hungary Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Published: | GlobalData | 78 Pages | Delivery time: 1-2 business days

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Hungary Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026
Published: March 29, 2022
GlobalData
Content info: 78 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

"Hungary Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026" published by GlobalData provides extensive insight and analysis of the Hungarian Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The Hungarian foodservice profit sector decreased at a negative CAGR of 0.7% during 2016-2021. Many restaurants were pushed to close, unable to cope with strict restrictions for a significant period in 2020 and 2021. In 2021, the government allowed restaurants to open in a phased manner. Restaurants with terraces were permitted to resume their operations when approximately one-third of the population were inoculated against COVID-19 in April 2021 which supported gradual revival of restaurants and hospitality industry in the country.

The report includes -

  • 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 Pub, Club & Bar) 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 was the largest channel in the Hungarian foodservice profit sector by revenue, representing 23.5% of total sector revenue in 2021. The pub, club & bar was the second most prominent channel, with a market share of 21.8%. FSR's large market share can be attributed to its unique ambience for special occasions and Hungarian consumers' preference for more traditional foodservice.
  • The pub, club & bar channel led in terms of number of outlets in the country, however declined at a negative CAGR of 2.5% during 2016-2021. Meanwhile, the total number of outlets in the QSR and FSR channels also registered modest decline in CAGRs, during this period.
  • Delivery and take-away transactions surged in 2020 and 2021 owing to the operational restrictions on restaurants and shuttering of other on-premise channels amid the pandemic. QSR channel however, highlighted highest proportion of takeaway transactions in 2021.

Reasons to Buy

  • Specific forecasts of the foodservice market over the next five years (2021-2026) 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 Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.
Product Code: GDCS01032FD

Table of Contents

Table of Contents

  • Introduction
  • Report Guide
  • Executive Summary
  • Macroeconomic Context
  • Macroeconomic Overview
  • Trends Landscape
  • Profit Sector - Impact of COVID 19
  • Profit Sector Metrics
  • Key Metric Highlights
  • Value, Share, and Performance by Channel
  • Outlets and Transactions Dynamics by Channel
  • Operator Buying Volumes and Performance by Channel
  • Historic and Future Channel Performance Dynamics
  • Outlet Type and Owner Type Growth Dynamics
  • Profit Sector by Channel
  • Quick Service Restaurant (QSR)
  • Summary and Key Points
  • Metrics
  • Key Players
  • Who?
  • Why?
  • What?
  • Where?
  • What Next?
  • Full Service Restaurant (FSR)
  • Summary and Key Points
  • Metrics
  • Who?
  • Why?
  • What?
  • Where?
  • What Next?
  • Pub, Club & Bar
  • Summary and Key Points
  • Metrics
  • Who?
  • Why?
  • What?
  • Where?
  • What Next?
  • Cost Sector Metrics
  • Cost Operator Trends Historic Performance and Future Growth
  • Data and Channel Share Breakdown

Appendix