Key Market Indicators
Hungary is witnessing a steady rise in its Food Services Expenditure, projected to reach €7.2 billion by 2028. This marks an increase from €6.2 billion in 2023, reflecting an average annual growth rate of 2.3%. Since 2000, the country's demand has seen a modest annual increase of 0.8%. In 2023, Hungary ranked 21st in Food Services Expenditure, with Croatia narrowly ahead at €6.2 billion. The top positions in the ranking are held by Spain, Italy, and France, occupying the 2nd, 3rd, and 4th spots, respectively. Simultaneously, Hungary's Food Services Revenue is set for significant growth, expected to hit €8.2 billion by 2028, up from €6.5 billion in 2023. This translates to an average annual growth rate of 3.8%. Since 2010, the Hungarian market has experienced an impressive annual increase of 5.6%. In 2023, Hungary was ranked 20th in Food Services Revenue, with Romania surpassing it with €6.5 billion. Germany, France, and Italy secured the 2nd, 3rd, and 4th positions in the revenue rankings.
