• Home
• Channel: Food & Drink
• Plant-Based Food Market Grows 22% in Hungary

Plant-Based Food Market Grows 22% in Hungary

• 31 Mar 2022 7:01 AM
• Budapest Business Journal

The market for plant-based food products in Hungary grew 22% last year, business daily Világgazdaság said, citing data from retail and consumer intelligence firm NielsenIQ.

The global measurement and data analytics company told the paper that in value terms, the market for plant-based substitutes for cheese, milk, and yogurt grew to HUF 23 billion last year from HUF 18.5 bln in 2020.

Plant-based drinks accounted for three-fifths of the market.

Branded products made up 85% of the total. Nóra Csuti, the marketing director for Danone Hungary, which sells Alpro brand plant-based products, said sales growth in the category has been "in the double digits for the past two years."

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Plant-Based Food Product Market

XpatLoop Media Partner

Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

Explore More Reports

Alcohol in Hungary Still Considered Cheap?

• 23 Sep 2024 8:12 PM

As expected, the COVID pandemic affected the tourism sector in Hungary in many ways. For example, it completely redesigned the habits regarding consuming alcohol in Hungary.



Budafok Festival: 'The Wine District of Budapest' to Host Tastings & Market

• 4 Sep 2024 1:13 PM

Vienna has Grinzing, Paris has some vineyards in the Montmartre and Budapest is also a capital that boasts vineyards and wine cellars “within the city walls”. Budafok is the sparkling district of the Hungarian capital with iconic sparkling cellars like Törley, Garamvári and Sauska.



Budapest Downtown Beer Festival, Szabadság Square, 3 - 8 September

• 23 Aug 2024 1:21 PM

With over 250 types of beer, craft specialties from Hungarian breweries and international beer from importers, the Downtown Beer Festival (Belvárosi Sörfesztivál) awaits visitors between September 3 and 8 at Budapest’s Liberty Square (Szabadság tér), aiming to make quality beer consumption trendy again among young people.



Iconic McDonald's in Budapest Re-Opens After Massive Upgrade

• 16 Aug 2024 12:50 PM

A high-traffic McDonald’s in a landmark building on Budapest’s Nyugati Square is re-opening after a 1.8 billion forint (EUR 4.5m) renovation, Progress Étteremhálózat, which operates the fast food restaurants in Hungary said.