Industry revenue of »manufacture of soft drinks and bottled waters« in Hungary 2011-2023

Revenues of the ‘manufacture of soft drinks and bottled waters’ industry in Hungary are projected to decline from 910 million U.S. dollars in 2017 to 900 billion U.S. dollars by 2023, owing mainly to the shift of manufacturing processes to low-cost developing economies. This has resulted in a decline in the number of enterprises manufacturing soft drinks and bottled water from 902 in 2008 to 702 in 2016. Moreover, a shift in consumer preference from carbonated drinks to fruit and vegetable juices is also impacting industry revenues and has resulted in a steady increase in the number of juice enterprises in Europe.

Manufacturers to halve sugar content in soft drinks by 2020

In a bid to drive sales among health conscious consumers, soft drink manufacturers in Hungary have decided to cut the average sugar and calorie content in all of their non-alcoholic beverages by 50 percent, by the end of 2020. Moreover, they also plan on changing the product packaging and introducing new innovative products that would have a greater appeal to consumers.

Industry revenue of »manufacture of soft drinks and bottled waters« in Hungary from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Hungary. The industry “manufacture of soft drinks; production of mineral waters and other bottled waters“ has the code “C1107“.

Details on the methodology can be found here.

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