Hungary Milk Market 2024

Description

According to the latest market study results, the milk market in Hungary stood at around USD 1,024 million in 2023 and is projected to rise to a worth of USD 1,529 million by 2029 end, thereby garnering a CAGR of 6.9% during 2024-2029. The Hungary milk market is driven by increasing consumer demand for high-quality and health-focused dairy products, reflecting a broader trend towards wellness and nutrition. As Hungary consumers become more health-conscious, there is a growing preference for organic, low-fat, and fortified milk options. Additionally, the popularity of plant-based milk alternatives is rising, catering to dietary preferences and lactose intolerance concerns. The market is also supported by the expansion of modern retail outlets and e-commerce platforms, which enhance accessibility and offer a wider variety of milk products to meet diverse consumer needs.

The report delivers an in-depth analysis of the Hungary milk industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product, and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the milk market.

Market Segmentation

The following outlines the segmentation of the milk market in Hungary:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: convenience stores, supermarkets and hypermarkets, discounters, small grocery stores, foodservice channels, e-commerce, others

The Hungary milk market is segmented on the basis of product, and distribution channel. By product, the milk market in Hungary has been segmented into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. Based upon distribution channel, the milk market in Hungary is categorized into convenience stores, supermarkets and hypermarkets, discounters, small grocery stores, foodservice channels, e-commerce, and others.

Competitive Landscape

The Hungary milk market is highly competitive. Key companies profiled in the report include Unternehmensgruppe Theo Muller S.e.c.s., Tolnatej Zrt., Royal FrieslandCampina N.V., Naszalytej Zrt, Lactalis South Africa (Pty) Ltd., Hell Energy Magyarorszag Kft, Fino-Food Kft., Cserpes Sajtmuhely Kft, Bonafarm Group, Alfoldi Tej Ertekesito es Beszerzo Kft, Abaujtej KV.

This report delivers an in-depth breakdown of key players within the Hungary milk market, outlining their performance from 2019 through 2023. The data reveals significant shifts in market share, highlighting both dominant players and emerging competitors. Armed with this information, businesses can sharpen their competitive edge, adjusting their strategies to navigate a shifting market landscape and positioning themselves for long-term growth.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Hungary milk market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Hungary milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hungary milk market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewHungary milk market – product analysis
Hungary milk market – distribution channel analysis
Key players and market share
– Unternehmensgruppe Theo Muller S.e.c.s.
– Tolnatej Zrt.
– Royal FrieslandCampina N.V.
– Naszalytej Zrt
– Lactalis South Africa (Pty) Ltd.
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Hungary milk market 2019-2029
Chart Hungary milk market, net growth, 2019-2029
Chart Hungary milk market, growth rates, 2019-2029
Table Hungary milk market by product, 2019-2029
Chart Hungary milk market by product, CAGR historic and forecast, 2019-2029
Chart Hungary milk market by product, 2019-2029
Table Hungary milk market by distribution channel, 2019-2029
Chart Hungary milk market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Hungary milk market by distribution channel, 2019-2029
Table Hungary milk market share (%), by companies, 2019-2023
Chart Hungary milk market, by companies, 2023
Table Hungary milk market share (%), by brands, 2019-2023
Chart Hungary milk market, by brands, 2023
Table Hungary – population (millions) and forecast
Table Hungary – consumer price index (CPI) and forecast
Table Hungary – gross domestic product and forecast
Table Hungary milk market: spend as a proportion of GDP (%)
Table Hungary milk market: consumption per capita (population)