§ In
recent years, due to increasing urbanisation leading to busy lifestyle of
Hungarian population, there has been a surge in the demand of ready-made food
products, including fish and seafood, by Hungarian consumers.
§ The
use of Rigid Plastic is forecast to register the fastest growth among packaging
material during 2015-2020.
Ken Research announced its latest publication on, “Consumer and Market Insights: Fish and
Seafood Market in Hungary” offering insights on the changing trends and key issues within the
Hungarian Fish and Seafood market. The publication includes an insightful
analysis of consumer behavior, packaging trends, leading players and
distribution trends within Hungarian Fish and Seafood market. The analysis of
the aforementioned trends has been done on the basis of six categories within
the market that are Ambient Fish and Seafood, Chilled Raw Packaged Fish
and Seafood – Processed, Chilled Raw Packaged Fish and Seafood - Whole Cuts, Dried
Fish and Seafood, Fresh Fish and Seafood
(Counter), Frozen Fish and Seafood.
In the recent years, 2010-2015,
the consumer demand in the Hungarian Fish and Seafood market has followed an
upward trend. The market is reported to experience an even higher growth rate
in value terms during 2015-2020. However, among the six categories analysed,
the Fresh Fish and Seafood category (Counter) is expected to be the leading
category in both volume and value terms with a CAGR of 4.3% during 2015-2020.
This added impulse to the growth of the market can be attributed to the
increasing urban population of Hungary and their time-tight schedule which has
led to higher demands for ready to eat food products.
Apart from this, the consumer
preferences have also been influenced by the increasing concerns towards health
issues and wellness, and have prompted the Hungarian consumers to go for high quality
natural and organic food products including fish and seafood.This consumption
pattern is expected to be more prevalent in future years due to the aging
population of Hungary.
Global Fish and Seafood Market
Rising demands for processed food
products by time-trapped consumers have led to the consistent growth of the
Fish and Seafood market, especially in four regions of the world i.e. America,
Asia-Pacific region, Europe and MEA. Realization of the importance of organic
and natural food products from health point of view has further contributed towards
sustaining this growth pattern of the market.
Hence, Aquaculture, which is the
most prevalent food production process globally, is expected to drive the
growth of the market in next five years. Also, in terms of volume, aquaculture
has dominated other conventional food-production processes.
Some of the prominent trends in the Global Fish
and Seafood Market:
§ Greater
awareness among consumers regarding environment friendly fishing methods.
§ Increased
prevalence of Aquaculture as a food-production process.
§ Newer
varieties of Fish and Seafood, on account of increased demand for them.
§ Prospective
growth in related e-commerce.
Key Topics Covered in the Report:
§ Detailed profile of Hungarian Fish
and Seafood Market.
§ Consumer demographics, trends and
behaviors.
§ Category
wise Value and volume analysis for Hungary'sFish & Seafood market.
§ Historic
and forecast value analysis by category.
§ Retail
Landscape and Key Distribution Channels.
§ Market
share of leading brands (in value terms) by category.
§
Packaging landscape of the Fish and Seafood Market.
To know more on the coverage, click on the link below:
https://www.kenresearch.com/food-beverage-and-tobacco/general-food/consumer-market-insights-fish-seafood-hungary/11193-11.html
Related Reports:
Consumer and Market Insights: Fish &
Seafood in Greece
Consumer and Market Insights: Fish &
Seafood in Hong Kong