Staple foods in 2024: The big picture
In 2024, ongoing inflation and rising costs heightened price sensitivity among Hungarian consumers. This price sensitivity led to an increased demand for private label products across staple foods.
Key trends in 2024
As price sensitivity remained high in 2024, retailers responded to the demand for cost-effective options by expanding their private label offerings. This shift has led to increased private label sales and strengthened the presence of discount chains.
Competitive Landscape
The staple food landscape witnessed a significant rise in the popularity of discount stores in 2024, particularly Lidl and Aldi. This trend was primarily driven by price-sensitive consumers seeking lower prices and discounts.
Channel developments
Discount stores, including Lidl and Aldi, gained ground in 2024, appealing to price-sensitive consumers seeking lower prices and discounts. Both chains expanded their private label offerings to attract budget-conscious shoppers.
What next for staple foods?
Across the forecast period, the demand for private label goods will be on the rise. Within breakfast cereals, consumers will seek cost-effective options without sacrificing quality.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods 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 a comprehensive range of core packaged food categories.
If you're in the Staple Foods 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 Staple Foods 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 Staple Foods in Hungary?
- Which are the leading brands in Staple Foods in Hungary?
- How are products distributed in Staple Foods in Hungary?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Staple Foods?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Hungary?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Staple Foods in Hungary
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Hungary
KEY DATA FINDINGS
Rising prices and reduced pack sizes lead consumers to demand added-value
The growing availability of frozen baked goods boosts sales in 2024
Affordability leads Lidl to become increasingly popular for sales of baked goods
The demand for convenience leads snacks and on-the-go options to gain ground
Convenient powder and frozen versions are on the rise over the forecast period
Increased tourism set to boost retail volume and value sales in baked goods
Breakfast Cereals in Hungary
KEY DATA FINDINGS
Price sensitivity impacts retail volume demand of breakfast cereals
Rising demand for fast and convenient breakfast boosts sales of ready-to-eat options
Demand for new tastes and textures drives innovation on the landscape
Ongoing growth for private label products within breakfast cereals
The presence of gluten and sugar-free fortified cereals set to gain ground
The popularity of granola and oat-based products rise as consumers appreciate health attributes
Processed Fruit and Vegetables in Hungary
KEY DATA FINDINGS
Rising retail volume growth for frozen and shelf stable vegetables in 2024
High share of private label sales as players offer competitive pricing and frequent promotions
Decreasing volume sales of shelf stable fruits and tomatoes during 2024
Convenience and health and wellness drive product innovation on the landscape
As disposable incomes improve, innovation will focus on premium launches
More efficient supply chains will lead to lower levels of food waste
Processed Meat, Seafood and Alternatives To Meat in Hungary
KEY DATA FINDINGS
Rising share for private label players as Lidl continues to gain ground
Grilling remains a key driver of sales for processed meat in 2024
Convenient packages with portion-control are gaining ground in processed meat
Frozen options gain ground as discounter stores expand their ranges
Health trends lead consumers to migrate to poultry and seafood
Players utilise TikTok and influencer marketing to launch limited edition goods
Rice, Pasta and Noodles in Hungary
KEY DATA FINDINGS
Affordability and reliability drives retail sales of rice, pasta and noodles
Gen Z consumers appreciate instant noodles for offering affordable convenience
Strong brand recognition and commitment to quality boosts share for players
Growing private label presence as consumers look for affordable quality
Global cuisine trends boost the appeal and demand for rice and noodles
Gluten-free options gain ground as retailers expand their ranges
The following categories and subcategories are included:
Staple Foods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
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- Hot Cereals
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- Children's Breakfast Cereals
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- Flakes
- Muesli and Granola
- Other RTE Cereals
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
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- Chilled Noodles
- Frozen Noodles
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- Instant Noodle Cups
- Instant Noodle Pouches
- Plain Noodles
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- Chilled Pasta
- Dried Pasta
- Rice
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
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This report originates from Passport, our Staple Foods research and analysis database.
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