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Fruit & Vegetable Processing in Hungary - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

HU-C103 June 2024 Factsheet

Revenue

€1.1bn

2019-2024 4.0 %
2024-2029 X.X %

Employees

8,146

2019-2024 0.6 %
2024-2029 X.X %

Businesses

560

2019-2024 1.0 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Fruit & Vegetable Processing in Hungary market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Hungary compared to Europe?

Country Benchmarking

Industry Data Hungary

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#15 In Europe
Business
#13 In Europe
Employees
#14 In Europe
Wages
#15 In Europe

The Fruit & Vegetable Processing in Hungary ranks 15 in Europe with regards to its 2024 revenue (€1.1bn). Revenue received by operators in Hungary has been low in volatility over the past five-year period, with the average annual change in revenue (4.0 %) most comparable to...

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Enterprises
Number of businesses in 2024

Revenue per Enterprise
Value (€ Million) in 2024

Top Questions Answered in this Report

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What is the market size of the Fruit & Vegetable Processing industry in Hungary in 2024?

The market size of the Fruit & Vegetable Processing industry in Hungary is €1.1bn in 2024. 

How many businesses are there in the Fruit & Vegetable Processing in Hungary industry in 2024?

There are 560 businesses in the Fruit & Vegetable Processing industry in Hungary, which has grown at a CAGR of 1.0 % between 2019 and 2024.

Has the Fruit & Vegetable Processing industry in Hungary grown or declined over the past 5 years?

The market size of the Fruit & Vegetable Processing industry in Hungary has been declining at a CAGR of 1.0 % between 2019 and 2024. 

What is the forecast growth of the Fruit & Vegetable Processing industry in Hungary over the next 5 years?

Over the next five years, the Fruit & Vegetable Processing industry in Hungary is expected to decline.

What are the biggest companies in the Fruit & Vegetable Processing market in Hungary?

The biggest companies operating in the Fruit & Vegetable Processing market in Hungary are Greenyard NV, Groupe Bonduelle and Orkla ASA

What does the Fruit & Vegetable Processing in Hungary include?

Prepared and packaged vegetables and Frozen vegetables are part of the Fruit & Vegetable Processing industry.

Which companies have the highest market share in the Fruit & Vegetable Processing in Hungary?

The company holding the most market share in Hungary is Greenyard NV.

How competitive is the Fruit & Vegetable Processing industry in Hungary?

The level of competition is high and steady in the Fruit & Vegetable Processing industry in Hungary.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Operators in the industry produce food products consisting mainly of fruit or vegetables. Additionally, companies are involved in the preserving of fruit, nuts or vegetables, as well as production of jams and pastes from nuts. The industry also produces perishable prepared foods, including packaged salads, peeled or cut vegetables and tofu.

What's included in this industry?

Prepared and packaged vegetablesFrozen vegetablesPrepared, packaged and dried fruitJams, jellies and nut buttersNutsPickled fruits and vegetablesDried fruits and vegetables

Industry Code

ISIC 2006

103 - Processing and preserving of fruit and vegetables in Hungary

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Current Performance

Charts
  • Revenue in the Fruit & Vegetable Processing in Hungary
  • Employees in the Fruit & Vegetable Processing in Hungary
  • Business in the Fruit & Vegetable Processing in Hungary
  • Profit in the Fruit & Vegetable Processing in Hungary

Current Performance

Analysis

How does this country's performance compare to Europe?


Life Cycle

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

International Trade

Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power
ANALYSIS

What is the competitive landscape in Europe?

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Europe's food processing industry navigates a myriad of complex regulations. These rules address everything from food safety, sustainability, waste management to providing transparent information for consumers.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Fruit & Vegetable Processing in Hungary industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Healthy eating trends are boosting profit for produce processors. Consumers opting for veggie snacks and plant-based foods have allowed processors to charge more, particularly those in the beverage sector making fresh juices and smoothies.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Fruit & Vegetable Processing in Hungary industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.