Despite an expected decline in the rate of inflation, the operating environment for chocolate confectionery in Hungary will remain challenging, at least during the early part of the forecast period. Ongoing geopolitical conflicts, including the war Ukraine, combined with extreme weather conditions, caused by climate change, will result in disruptions to the supply of raw materials, such as sugar and cocoa, which in turn, will lead to rising costs for manufacturers and retailers.
Health and wellness trends will continue to impact chocolate confectionery over the forecast period as individuals become more mindful in terms of their sugar consumption. Rather than making spontaneous purchases, consumers are taking a more considered approach to indulging in chocolate treats, prioritising quality over quantity.
Over the forecast period, an increasing number of companies are looking to pursue sustainable business models. Nestlé, for example, is aiming to build a sustainable cocoa supply chain, and is working to achieve full traceability of its products, from origin to factory, by 2025.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Hungary with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Chocolate Confectionery industry in Hungary, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Chocolate Confectionery
This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.
See All of Our DefinitionsThis report originates from Passport, our Chocolate Confectionery research and analysis database.
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