The Hungary spirits market is poised for moderate growth, projected to increase from USD 1,710.8 million in 2023 to USD 2,655.1 million by 2029, achieving a CAGR of 7.6% during the forecast period. Hungary’s spirits market is being shaped by both traditional spirits, such as pálinka, and the growing demand for international alcoholic beverages, particularly whiskey and gin. The increasing sophistication of Hungarian consumers, particularly in urban areas like Budapest, is driving the demand for premium spirits, with a notable rise in interest for craft distilleries and artisanal alcohol. The cocktail culture is also growing in popularity, further fueling the demand for a wide variety of spirits. Additionally, Hungary’s expanding tourism sector and a rising middle class are contributing to a stronger market for premium and imported spirits.
This report presents a detailed overview of the Hungary spirits industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, category and distribution channel. This detailed analysis supports the identification of growth opportunities within the spirits industry.
Market Segmentation
The Hungary spirits market is structured as follows:
Product type: brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, others
Category: craft, non-craft
Distribution channel: convenience stores, supermarkets and hypermarkets, discounters, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
The spirits market in Hungary is segmented across product type, category and distribution channel. The categorization of the market by product type includes brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, and others. Category categories include craft, and non-craft. Distribution channel segmentation includes convenience stores, supermarkets and hypermarkets, discounters, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.
Competitive Landscape
The report highlights leading companies in the spirits market, including William Grant & Sons Ltd., Varda Drink Zrt, Suntory Holdings Limited, Russian Standard Corporation, Rezangyal Kereskedelmi Kft., Remy Cointreau Group, Peter Zwack & Consorten AG, Pernod Ricard Group, Panyolai Kft., Mast-Jagermeister SE, Heineken N.V., Heaven Hill Distilleries Inc., Gyori Likorgyar Zrt., Grupa Maspex Wadowice, Eurodrinks Kft., Dr. August Oetker, Diageo plc, De Kuyper Royal Distillers BV, Davide Campari-Milano S.p.A., Coca-Cola HBC AG, Brown-Forman Corporation, Bolyhos es Fia Kft., Binyamina Wine Cellars, Bekesi Palinka Zrt., Bacardi Limited and Anora Group Oyj.
The report provides a detailed assessment of prominent companies within the spirits market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Hungary spirits market.
Gain in-depth analysis and forecasts for the key segments of the Hungary spirits market: product type, category and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Hungary spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hungary spirits market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Hungary Spirits Market – Product Type Analysis
Hungary Spirits Market – Category Analysis
Hungary Spirits Market – Distribution Channel Analysis
Key Players and Market Share
– William Grant & Sons Ltd.
– Varda Drink Zrt
– Suntory Holdings Limited
– Russian Standard Corporation
– Rezangyal Kereskedelmi Kft.
– Remy Cointreau Group
– Peter Zwack & Consorten AG
– Pernod Ricard Group
– Panyolai Kft.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Hungary Spirits Market 2019-2029
Chart Hungary Spirits Market, Net Growth, 2019-2029
Chart Hungary Spirits Market, Growth Rates, 2019-2029
Table Hungary Spirits Market by Product Type, 2019-2029
Chart Hungary Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Hungary Spirits Market by Product Type, 2019-2029
Table Hungary Spirits Market by Category, 2019-2029
Chart Hungary Spirits Market by Category, CAGR Historic and Forecast, 2019-2029
Chart Hungary Spirits Market by Category, 2019-2029
Table Hungary Spirits Market by Distribution Channel, 2019-2029
Chart Hungary Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Hungary Spirits Market by Distribution Channel, 2019-2029
Table Hungary Spirits Market Share (%), by Companies, 2019-2023
Chart Hungary Spirits Market, by Companies, 2023
Table Hungary Spirits Market Share (%), by Brands, 2019-2023
Chart Hungary Spirits Market, by Brands, 2023
Table Hungary – Population (Millions) and Forecast
Table Hungary – Consumer Price Index (CPI) and Forecast
Table Hungary – Gross Domestic Product and Forecast
Table Hungary Spirits Market: Spend as a Proportion of GDP (%)
Table Hungary Spirits Market: Consumption per Capita (Population)
Companies Mentioned
William Grant & Sons Ltd.
Varda Drink Zrt
Suntory Holdings Limited
Russian Standard Corporation
Rezangyal Kereskedelmi Kft.
Remy Cointreau Group
Peter Zwack & Consorten AG
Pernod Ricard Group
Panyolai Kft.
Mast-Jagermeister SE
Heineken N.V.
Heaven Hill Distilleries Inc.
Gyori Likorgyar Zrt.
Grupa Maspex Wadowice
Eurodrinks Kft.
Dr. August Oetker
Diageo plc
De Kuyper Royal Distillers BV
Davide Campari-Milano S.p.A.
Coca-Cola HBC AG
Brown-Forman Corporation
Bolyhos es Fia Kft.
Binyamina Wine Cellars
Bekesi Palinka Zrt.
Bacardi Limited
Anora Group Oyj