Hungary Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026
The Hungary foodservice market was valued at $4.8 billion in 2021. The market is projected to grow at a CAGR of more than 6% during the forecast period. Independent operators dominated the profit sector in 2021. Value growth in the sector will be driven by an increase in the number of transactions. Full-service restaurant (FSR) was the largest channel in Hungary’s food service profit sector in 2021, followed by pub, club, and bar and quick-service restaurant (QSR). Consumers who visited FSRs at least once a week were driven by the availability of a greater variety of dishes and cuisines, and the availability/range of nutritious and healthy menu options.
The Hungary foodservice market report provides extensive insight and analysis of the Hungarian foodservice market over the next five years and acts as a vital point of reference for operators or suppliers.
Hungary foodservice market overview
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What are the key channels in the Hungary foodservice market?
The key channels in the Hungary foodservice market are FSR, pub, club, and bar, QSR, accommodation, retail, workplace, leisure, travel, coffee and tea shop, ice-cream parlor, and mobile operator. During the pandemic, many restaurants were pushed to close as they were unable to cope with the strict restrictions. Hungarian tourism also suffered significant losses. Foreign tourist spending fell by over half in 2020. In 2021, the pub, club, and bar channel led the profit sector in terms of number of outlets and the QSR channel led the sector in terms of number of transactions.
Hungary foodservice market, by channels
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Which are the key companies in the Hungary foodservice market?
Some of the key companies in the Hungary foodservice market are McDonald’s Corporation, Pek-Snack Ltd., Yum! Brands, Inc., Restaurant Brands International, and Unified Caravan Pizza Ltd.
Market report scope
| Market size (Year – 2021) | $4.8 billion |
| Growth rate | CAGR of >6% |
| Forecast period | 2021-2026 |
| Key channels | FSR, Pub, Club, and Bar, QSR, Accommodation, Retail, Workplace, Leisure, Travel, Coffee and Tea Shop, Ice-Cream Parlor, and Mobile Operator |
| Key companies | McDonald’s Corporation, Pek-Snack Ltd., Yum! Brands, Inc., Restaurant Brands International, and Unified Caravan Pizza Ltd |
This report provides:
- 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.
- In-depth data and forecasts of key channels within Hungary’s foodservice market, including the value of the market, number of transactions, number of outlets, and average transaction price.
- Identification of the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the Hungarian population.
- Overview of market leaders within the four major channels including business descriptions and number of outlets.
Reasons to Buy
- Specific forecasts of the foodservice market over the next five years will give readers the ability to make informed business decisions by identifying emerging/declining markets.
- Consumer segmentation detailing the desires of known consumers among all major foodservice channels will allow readers to understand the wants and needs of their target demographics.
Key Players
Table of Contents
Frequently Asked Questions
The foodservice market in Hungary was valued at $4.8 billion in 2021.
The foodservice market in Hungary is projected to grow at a CAGR of more than 6% during the forecast period.
The key channels in the Hungary foodservice market are FSR, pub, club, and bar, QSR, accommodation, retail, workplace, leisure, travel, coffee and tea shop, ice-cream parlor, and mobile operator.
Some of the key companies in the Hungary foodservice market are McDonald’s Corporation, Pek-Snack Ltd., Yum! Brands, Inc., Restaurant Brands International, and Unified Caravan Pizza Ltd.
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