Grocery market in Hungary

The Hungarian Grocery eCommerce market is predicted to reach US$142.6 million by 2023 and accounts for 5.2% of the total eCommerce market in Hungary. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 12.3%, resulting in a projected market volume of US$226.8 million by 2027. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.

Market development

eCommerce revenue development in the Meat & Fish market in Hungary

The Hungarian Meat & Fish eCommerce market is predicted to reach US$20.0 million by 2023 and accounts for 50.5% of the Fresh Food eCommerce market in Hungary. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 8.7%, resulting in a projected market volume of US$27.9 million by 2027. The Meat & Fish eCommerce market is a sub-market of the Fresh Food market. Further categories within the Fresh Food market are: Chilled Food, Dairy Goods, Fruits & Vegetables, and Other Fresh Food.

eCommerce revenue development in the Meat & Fish market in Hungary

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Meat & Fish market in Hungary

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 58.6 43.0 29.8 5.8 50.1 87.1 56.2 36.4
AOV (in US$) 87.7 87.6 87.7 25.1 84.2 74.4 76.1 86.6
CVR (in %) 58.6 43.0 29.8 5.8 50.1 87.1 56.2 36.4
AOV: Average Order Value CVR: Conversion Rate

Online share

eCommerce online share of the total Meat & Fish market in Hungary

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Hungarian Meat & Fish retail market, the online share is 0.5% and will increase by an average of 6.6% to 0.6% by 2027.

eCommerce online share of the total Meat & Fish market in Hungary

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 85.7% 99.7% 18.9% 15.1% 98.4% 47.0% 6.2% 65.8%

Market definition

Definition of the Meat & Fish market within the Grocery market

Market definition: Grocery > Food > Fresh Food > Meat & Fish The category Meat & Fish includes the online trade of meat (e.g. beef, pork, chicken), fish (e.g salmon, tuna) and seafood. This category does not cover processed meat, fish and seafood. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Meat (e.g. beef, pork, chicken)
  • Fish (e.g salmon, tuna)
  • Seafood

Out-of-scope

  • Processed meat, fish and seafood