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
#14 In EuropeBusiness
#14 In EuropeEmployees
#11 In EuropeWages
#16 In EuropeRevenue in Europe’s food retailing industry is expected to slump at a compound annual rate of 7.7% to €100.8 billion in the five years through 2024. Growing competition from supermarkets is driving consumers away from the industry, as supermarkets offer much more competitively priced meat, fish, bread and fresh fruit and vegetables. The industry is susceptible to changes in household disposable income, which has been eroded throughout Europe over 2023 and 2024 as inflationary pressures plague consumers' pockets.
Enterprises
Number of businesses in 2024
Biggest companies in the Food Retailing in Hungary
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Food Retailing in Hungary industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Food Retailing industry in Hungary in 2024?
The market size of the Food Retailing industry in Hungary is €1.2bn in 2024.
How many businesses are there in the Food Retailing in Hungary industry in 2024?
There are 6,662 businesses in the Food Retailing industry in Hungary, which has grown at a CAGR of 1.1 % between 2019 and 2024.
Has the Food Retailing industry in Hungary grown or declined over the past 5 years?
The market size of the Food Retailing industry in Hungary has been declining at a CAGR of 2.6 % between 2019 and 2024.
What is the forecast growth of the Food Retailing industry in Hungary over the next 5 years?
Over the next five years, the Food Retailing industry in Hungary is expected to grow.
What does the Food Retailing in Hungary include?
Meat and Fruit and vegetables are part of the Food Retailing industry.
How competitive is the Food Retailing industry in Hungary?
The level of competition is moderate and steady in the Food Retailing industry in Hungary.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Supermarkets & Grocery Stores in Hungary
Complementors
- Food Product Manufacturing in Hungary
- Bakery Goods Production in Hungary
- Chocolate & Confectionary Production in Hungary
International industries
Table of Contents
About this industry
Industry definition
This industry consists of food retailers, which may sell fruit, vegetable, meat, fish and bakery products. This industry excludes the retail sale of food by mass retailers such as supermarkets and department stores.
Related Terms
CRUSTACEANSCULTIVATED MEAT ORGANIC FOOD CONFECTIONERYWhat's included in this industry?
MeatFruit and vegetables Seafood SeafoodCompanies
Industry Code
4721 - Retail sale of food in specialized stores in Hungary
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Food Retailing in Hungary industry?
Outlook
Analysis
What's driving the Food Retailing in Hungary industry outlook?
Volatility
Analysis
What influences volatility in the Food Retailing in Hungary industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Food Retailing in Hungary industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Income and preferences dictate specialised food markets. High-income households seek premium food products, while lower-income consumers prioritise affordability, meaning they tend to opt for supermarket food offerings.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Food Retailing in Hungary industry's products and services performing?
Analysis
What are innovations in the Food Retailing in Hungary industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Food Retailing in Hungary industry?
International Trade
Highlights
- Total Imports into Hungary
- Total Exports into Hungary
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
High fragmentation in the industry prevents concentration. industry’s high fragmentation limits concentration, as food retailers are typically popular within their local area, with the majority of food retailers being independent.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Food Retailing in Hungary located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
The Food Safety Act 1990 plays a big role in the industry. The act stipulates that all businesses involved in food must ensure that they do not include anything in the food that is damaging to the health of those eating it.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Food Retailing in Hungary industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Premium food retailers earn a larger profit. Food retailers selling premium groceries can retail at higher prices and earn a higher profit.
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 Food Retailing 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.
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