Increasing maturity will further constrain the expansion of small cooking appliances over the forecast period, hence growth in total volume sales is expected to be lower than during the review period and taper off gradually towards 2027. With inflation set to remain high in the short-to-medium term, increased budget-consciousness among Hungarians is also likely to subdue volume growth potential.
In addition to remaining one of the largest categories, other small cooking appliances looks set to be among the strongest performers in volume growth terms over the forecast period. As more people resume their normal routines in the wake of COVID-19 and the pace of life in Hungary becomes busier, it should benefit from rising demand for cheap but convenient product types that can reduce the amount of time and effort required to prepare meals and snacks, such as toasters, sandwich makers, waffle makers etc.
E-commerce is expected to continue gaining ground in terms of small cooking appliances distribution over the forecast period. Many Hungarians have become more comfortable with online shopping during the pandemic, and now have a newfound appreciation for the convenience, choice and competitive prices this channel provides.
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Understand the latest market trends and future growth opportunities for the Small Cooking Appliances 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.
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Small Cooking Appliances
Small cooking appliances includes coffee machines, breadmakers, electric grills, fryers, electric steamers, kettles, coffee mills, slow cookers, and other small cooking appliances.See All of Our Definitions
This report originates from Passport, our Small Cooking Appliances research and analysis database.
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