Hungary’s Upcoming Baby Food Sectors Market Outlook: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit According to the study, ’THE BABY FOOD SECTOR IN HUNGARY, 2018’, baby food includes different types of products and hence, was recently affected by several factors and trends. Some consumers have rejected milk formula products and opted for breast feeding instead while others have started making their own baby food at home but those with busy lifestyles continue to rely on products sold in the market. The food and beverage industry is one of the most important sectors of the Hungarian economy. It is the second largest employer and the third largest producer in the manufacturing sector accounting for more than one-tenth the industrial output. The baby food sales in Hungary were hit by a decline in the number of births and a poor economy but the scenario started changing in 2014. Today, the country’s baby food sector is doing pretty well especially the wet meals sector which accounts for more than half of the baby foods market. Milks account for nearly one-third market share whereas cereals are still an underdeveloped sector in the country. Cereals, wet meals and drinks are now largely sold in food outlets and drugstores. The former accounts for three-fourth of the sales while the latter for the remainder portion. A popular baby food is formula milk which is usually made from cows’ milk that has been treated to make it more suitable for consumption by babies and comes in the forms of a dry powder and a liquid, the latter of which is ready-to -use unlike the former which needs to be mixed with water. This industry is currently valued at tens of billions of US dollars globally and is one of the largest sectors in health and wellness packaged foods. Despite globally declining birth rates and the promotion of breastfeeding, the factor that fuels this industry is the increasing employment of women. There are a number of companies that retail such products with their own specializations. HiPP Organic has been incorporating organic ingredients in their products for decades and now has a range of items such as meals, drinks and cereals that are all highly regarded. The scenario in the Hungarian baby food sector continues to be dominated by Numil Hungary. It remained the country’s largest player in baby food in 2017. The company has a large product portfolio and is thus, present in most of the categories within baby food in Hungary, from dried baby food to prepared baby food as well as milk formula. The company’s dominance is clear by the fact that it held nearly one-third market share in 2017. Nestle Hungaria follows next with a wide range of products and is renowned for being innovative in its approach. Local manufacturer Univer is also a notable player in the field. Foreign manufacturers also pose serious competition. These include HiPP Organic which is a German company known for its reliable nutritious organic baby food and is believed to be Europe’s most renowned along with Spanish Danone which is also a big player. The former leads the wet meals and drinks categories while the latter is the clear leader in milks and cereals. The Hungarian market for baby food is expected to be mainly driven by the demand for convenience products which is foreseen to be stable. Sales of dried baby foods, prepared baby foods and other forms are being observed to be greatly influenced by lifestyle trends. However, in coming times this could have the opposite effect since health conscious mothers are now beginning to adopt alternate measures. Hungary has one of the lowest birth rates in Europe yet the globally increasing demand for convenience products is said to influence the trend of milk formula in the country. To know more click on the link below: https://www.kenresearch.com/consumer-products-and-retail/baby-care/the-baby-food-sector-hungary/150270-95.html Related Report:- https://www.kenresearch.com/consumer-products-and-retail/baby-care/the-baby-food-sector-mexico/150271-95.html https://www.kenresearch.com/consumer-products-and-retail/baby-care/the-baby-food-sector-japan/150272-95.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Hungary Baby Food Market Analysis, Hungary Baby Food Market Applications, Hungary Baby Food Market Economics and Technology, Hungary Baby Food Market Forecast, Hungary Baby Food Market Leading Players, Hungary Baby Food Sector Market Opportunities, Hungary Baby Food Sector Market Research Report, Hungary Baby Food Sector Market Revenue, Hungary Baby Food Sector Market segmentation, Hungary Baby Food Sector Market Size, Magyarország Baba Élelmiszeripari Piac Mérete, Magyarország Baba Élelmiszerpiaci Közgazdaságtan és Technológia, Magyarország Babaeledel-ágazat Piaci szegmentáció, Magyarország Baby Food Market Analysis, Magyarország Baby Food Market Forecast, Magyarország Baby Food Market vezető játékosok, Magyarország Baby Food Sector Piackutatási jelentés