Market Research Report on Hungary – The Future of Foodservice to 2023

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Hungary – The Future of Foodservice to 2023

Summary

“Hungary – The Future of Foodservice to 2023”, provides extensive insight and analysis of the Hungarian Foodservice market until 2023 and acts as a vital point of reference for operators or suppliers.

Hungary’s real GDP reached 4.5% in 2018 (up from 2.3% in 2016). 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.

Sales value in the Hungarian profit sector foodservice market rose at a CAGR of 2.4% during 2016-2018, and is forecast to expand marginally to 2.5% by 2023. Although the FSR channel leads the profit sector in terms of sales value, it is also forecast to experience some of the weakest growth rates in transactions and outlets.

Scope

– Sales value in the Hungarian profit sector foodservice market rose at a CAGR of 2.4% during 2016-2018, and is forecast to expand marginally to 2.5% by 2023. Although the FSR channel leads the profit sector in terms of sales value, it is also forecast to experience some of the weakest growth rates in transactions and outlets.
– Among the country’s three leading channels – FSR, pubs, clubs and bars and QSR – pubs, clubs and bars will continue to lead in terms of value growth, with sales in the channel forecast to increase at a strong CAGR of 3.2% to 2023. QSR is expected to see sales rise at a steady yet relatively weak CAGR of 1.6% during the five-year period.
– Value growth in takeaway will marginally outperform dine-in across restaurant channels over 2018-2023, most notably in the QSR channel, which will see sales generated from takeaway transactions rise at CAGR of 2.0% to 2023.

Reasons to buy

– Specific forecasts of the foodservice market until 2023 give readers the ability to make informed business decisions through identifying emerging/declining markets.
– Consumer segmentation detailing the desires of known consumers among major foodservice channels will allow readers understand the wants and needs of their target demographics.
– Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within the foodservice market.

Companies Mentioned:
McDonald’s Corporation
Yum! Brands Inc.
KFC
Restaurant Brands International
Burger King
Pizza Forte Kft
Pizza Forte
Il Treno
Laurel Budapest


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Ritesh Tiwari is the Founder of Research By Markets, a leading Market Research Reports Reseller trusted by Fortune listed companies for their requirements of Syndicated and Custom Market Research Reports. Ritesh has an overall experience of 18+ years in Recruitments, Sales and Operations. He has been associated with the Market Research industry for the past 7 years. He is an avid foodie as well as a huge football fan being a supporter of Manchester United (EPL) and FC Barcelona (La Liga). Get in touch with him via ritesh@researchbymarkets.com. *Market Research News is a part of Research By Markets.