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Baby Food Sector Market in Hungary, 2018 | Leading Key like Numil Hungary Kft, Hipp Verkaufsbüro Budapest, Nestlé Hungária K, Univer Product Zrt, Humana

(Entertainment-NewsWire.com, July 10, 2018 ) "The Baby Food Sector in Hungary, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Hungarian market.

Hungary's birth rate remains among the lowest in Europe. Demand for baby food has held up well, although much of the growth has come in the last four years, boosted by higher numbers of births and economic recovery. The high price of baby food has deterred higher consumption levels. Several manufacturers produce baby food within the country, including Hipp, and local manufacturer Univer. Together, Danone, Hipp, and Nestl accounted for 63% of value in 2017. Danone and Hipp are active in all categories, and Nestl is absent only from drinks. Danone is the clear leader in milks and cereals, while Hipp leads the wet meals and drinks categories. Other players tend to focus on one or two areas. Cereals, wet meals, and drinks are now largely sold in food outlets (taking 71% of sales) and drugstores (26% of sales), with the latter gaining ground. Since the ending of the monopoly on the sale of first-stage formulae in pharmacies, both food outlets and drugstores have increased their share of sales, and 63% of milks are now sold via non?pharmacy outlets. Growth prospects for the period up to 2023 are relatively good: real GDP growth is forecast to remain at 2%-3% per year. However, political instability threatens to undermine this. The number of live births is expected to continue to increase gently. As a result, total volume is predicted to grow.

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- New legislation governing the promotion of infant formula and follow-on formula took effect on July 1, 2016. This means that sales representatives must obtain an ID issued by the National Institute of Pharmacy and Nutrition (NIPN) if they want to meet with healthcare professionals, including pharmacists, to promote their products. Companies or sales representatives must also comply with registration obligations before they are allowed to conduct promotional activities directed at healthcare professionals.
- Sales of first-stage milks have been adversely impacted by an increase in non-exclusive breastfeeding and a fall in the number of births up to 2013 and as a result hold less than 20% of category value.
- There is no official baby food production data available in Hungary, although several manufacturers produce baby food within the country. These include Hipp, which manufactures most of its cereals, wet meals, and juices in Hungary, as well as local manufacturers, principally Univer.
- Danone is the clear category leader of Cereals & Dry Meals, with a 46.5% value share in 2017, followed by Nestl, Humana Milchunion & Hipp.

Reasons to buy:

- Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
- Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
- Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
- Investigates which categories are performing the best and how this is changing market dynamics.

Inquiry before buying@ http://orbisresearch.com/contacts/enquiry-before-buying/2171047

Companies Mentioned:

Numil Hungary Kft
Hipp Verkaufsbro Budapest
Nestl Hungria K
Univer Product Zrt

Table of Contents:

Executive Summary
Background to the Market
Birth: Live Birth Rates
The Consumer
Socio-Demographic Trends
Working Women
Breastfeeding Trends
Market Overview
Sector Overview
Manufacturers Shares
Baby Milks
Baby Cereals & Dry Meals
Baby Meals & Others
Baby Drinks
Baby Finger Foods
Production and trade
Company profiles
Numil Hungary Kf
Hipp Verkaufsbro Budapest
Nestl Hungria Kft
Univer Product Zrt
Baby Food Retailing
Economic background
Key Macroeconomic Forecasts
Prospects and forecasts
Birth & Population Projections
Forecast Overview
Future Trends

Get more information about this report@ http://orbisresearch.com/reports/index/the-baby-food-sector-in-hungary-2018

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

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Hector Costello

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Source: EmailWire.Com

Source: EmailWire.com

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