Soft drinks in 2024: The big picture
Soft drinks in Hungary faced significant challenges in 2022-2023, due to high inflation, tax changes and preparations for the Deposit Return Scheme (DRS). These factors, along with strong pressure on consumer purchasing power, led to decreases in off-trade volume sales amid price hikes.
2024 key trends
Soft drinks shifted towards innovation featuring functional and natural ingredients and reduced sugar and sugar-free options. Consumers increasingly looked for soft drinks that offered health benefits without compromising on taste.
Competitive landscape
Coca-Cola HBC Hungary, the Hungarian subsidiary of the international giant, remained the leader in soft drinks in off-trade volume and value share terms at the end of the review period. The company continued to invest in manufacturing and the optimisation of businesses-processes.
Retailing developments
Traditional grocery retailers like small local grocers continued to struggle amid the shift to modern grocery retailers at the end of the review period. While there were small fluctuations in off-trade volume and value shares in 2024, hypermarkets, supermarkets and discounters remained the main retail distribution formats in soft drinks.
Foodservice vs retail split
In general, the on-trade channel outperformed the off-trade channel in volume and value growth terms in soft drinks in 2024. Slower unit price growth limited the drop in retail volume growth, but also helped foodservice operators to overcome challenges.
What next for soft drinks?
The demand for soft drinks benefited as the high inflationary pressures of 2022-2023 eased in 2024. The rate of inflation and unit price increases are expected to continue to stabilise in the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Soft Drinks industry in Hungary with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Bottled Water
- Carbonates
- Concentrates
- Juice
- RTD Coffee
- RTD Tea
- Energy Drinks
- Sports Drinks
- Asian Speciality Drinks
If you're in the Soft Drinks industry in Hungary, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Soft Drinks in Hungary report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Soft Drinks in Hungary?
- To what extent are health considerations impacting consumption of Soft Drinks in Hungary?
- How are changing social attitudes and legislation (eg sugar tax) reshaping demand and consumption?
- How are changing demographics (for example, an ageing or predominantly young population) determining consumption of Soft Drinks in Hungary?
- Which are the leading brands in Soft Drinks in Hungary?
- What potential exists for multinational or domestic soft drinks companies to expand in Hungary?
- How are products distributed in Soft Drinks in Hungary?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How have home seclusion and social distancing measures following COVID-19 impacted sales of Soft Drinks?
- How are sustainability issues, such as environmentally-friendly packaging, legislation on recyclability, or the amount of plastic in bottles, impacting the soft drinks industry?
- Where is future growth expected to be most dynamic?
Soft Drinks in Hungary
Soft drinks in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
Foodservice vs retail split
What next for soft drinks?
Fountain sales in Hungary
DISCLAIMER
Bottled Water in Hungary
KEY DATA FINDINGS
Rising costs and upward pressure on prices dampen demand
Flavoured bottled water offers added-value alternative to regular carbonates and bottled water
New product development reflects growth potential of functional bottled water
Price stabilisation to foster an upturn in off-trade volume sales
New launches and health-orientated demand to expand functional bottled water's offer and appeal
Ongoing investment to spur flavoured bottled water’s profile and growth potential
Carbonates in Hungary
KEY DATA FINDINGS
The demand for carbonates rebounds in 2024 but constraints remain
New launches and the popularity of gin and tonic cocktails boost tonic water
The leading players continue to invest in the category
Carbonates to continue to recover as economic pressures ease
Innovation to stimulate interest in a saturated category
“Easy-mixes” culture to push tonic water/mixers/other bitters but RTD alternatives present a threat
Concentrates in Hungary
KEY DATA FINDINGS
New flavours add some dynamism to the category in a still tough economic and operating climate
Marketing and promotion to win over consumers to liquid concentrates
The sports and fitness trend may offer some respite for declining powder concentrates
Promotions and healthier options to stimulate the demand for liquid concentrates
Company activity is essential to gain a competitive advantage
Local players to maintain their stronghold on the category
Concentrates Conversions
Juice in Hungary
KEY DATA FINDINGS
Inflationary pressure and legislation and schemes impact prices and costs
Private label struggles amid narrower price differentials with branded rivals
Sió-Eckes leverages a well-known and popular portfolio to lead juice
Juice to see premiumisation in the forecast period
Enduring appeal of affordable, widely available and developing juice drinks
Packaging developments to cater to growing consumption occasions
RTD Coffee in Hungary
KEY DATA FINDINGS
Slower unit price growth, low per capita consumption, innovation and price promotions boost demand
Premium image of RTD coffee and smaller price difference with private label spur a preference for brands
Hell Energy Magyarország continues to invest to consolidate its leadership of RTD coffee
Bright outlook for a fast-developing category
Innovations covering products and packaging to pique the interest of existing and new consumers
Premiumisation trend to add dynamism to RTD coffee
RTD Tea in Hungary
KEY DATA FINDINGS
Company investments and improving economic conditions spur a return to off-trade volume growth
Private label’s main competitive advantage weakens to hand the initiative to brands
Strong investments maintain Xixo’s competitive advantages
Economic stabilisation and new product development to boost RTD tea
Well-supported brands to continue to exert strong pressure on private label
Players aim to reduce the high seasonality of RTD tea consumption
Energy Drinks in Hungary
KEY DATA FINDINGS
Energy drinks recovers dynamism to return to off-trade volume growth
Zord launch illustrates the dynamism of social media as a marketing tool
Innovation remains a key competitive tool
Brand dynamism to undermine private label offer
New bill threatens energy drinks consumption
Healthier positioning to improve consumer perception of energy drinks
Sports Drinks in Hungary
KEY DATA FINDINGS
Growth is derived from a low sales base but also health and fitness trends
Marketing focus on sports and fitness to push awareness and demand
Narrowing of the price gap favours brands over private label
Health and fitness trend continues to offer penetration opportunities
Innovation to push nutritional benefits of sports drinks
Local players to look to new product and packaging developments to compete
The following categories and subcategories are included:
Soft Drinks
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- Carbonated Natural Mineral Bottled Water
- Carbonated Spring Bottled Water
- Carbonated Purified Bottled Water
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- Still Flavoured Bottled Water
- Sparkling Flavoured Bottled Water
- Functional Bottled Water
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- Still Natural Mineral Bottled Water
- Still Spring Bottled Water
- Still Purified Bottled Water
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- Regular Carbonates
- Reduced Sugar Carbonates
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- Regular Cola Carbonates
- Reduced Sugar Cola Carbonates
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- Regular Non-Cola Carbonates
- Reduced Sugar Non-Cola Carbonates
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- Regular Lemonade/Lime
- Reduced Sugar Lemonade/Lime
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- Regular Tonic Water/Mixers/Other Bitters
- Reduced Sugar Tonic Water/Mixers/Other Bitters
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- Regular Orange Carbonates
- Reduced Sugar Orange Carbonates
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- Regular Other Non-Cola Carbonates
- Reduced Sugar Other Non-Cola Carbonates
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- Liquid Concentrates
- Powder Concentrates
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- Not from Concentrate 100% Juice
- Reconstituted 100% Juice
- Coconut and Other Plant Waters
- Juice Drinks (up to 24% Juice)
- Nectars
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- RTD Coffee
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- Carbonated RTD Tea and Kombucha
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- Regular Still RTD Tea
- Reduced Sugar Still RTD Tea
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- Regular Energy Drinks
- Reduced Sugar Energy Drinks
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- Regular Sports Drinks
- Reduced Sugar Sports Drinks
- Asian Speciality Drinks
Soft Drinks
This is the aggregation of the following categories; Carbonates, Fruit/vegetable juice, Bottled water, Functional drinks, Concentrates, RTD tea, RTD coffee and Asian speciality drinks.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Soft Drinks research and analysis database.
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