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Home & Laundry Care - Hungary

Hungary
  • Hungary's Home & Laundry Care market is projected to generate a revenue of US$555.30m in 2024.
  • The market is expected to experience an annual growth rate of 1.92% (CAGR 2024-2029).
  • Within this market, the largest segment is Laundry Care, which is estimated to have a market volume of US$321.30m in 2024.
  • When compared to other countries globally, United States leads in revenue generation, with a total of US$32bn in 2024.
  • When considering the population size, Hungary's per person revenue in the Home & Laundry Care market is approximately US$55.56 in 2024.
  • Furthermore, it is anticipated that online sales will contribute 5.5% of the total revenue in the Home & Laundry Care market by 2024.
  • In Hungary, there is a growing demand for eco-friendly home and laundry care products, as consumers become more conscious of their environmental impact.

Definition:

The Home & Laundry Care market covers cleaning products used for private households. This market only takes into account consumable detergents for use in private households (B2C). Auxiliary cleaning equipment (e.g., mops and brooms) are not included. Professional products for industry use or household cleaning services (B2B) have also not been included.

Structure:

Home & Laundry consists of 4 different markets:

  • The Laundry Care covers all detergents purchased by consumers that are intended for the care of textiles in the form of powder, tabs, or liquids.
  • The Household market covers all consumer products used for the cleaning of surfaces, windows, and toilets.
  • The Dishwashing Detergents cover cleaning products used for washing up and cleaning dishes and cutlery. Both detergents for dishwashers and hand dishwashing detergents in liquid, powder, or tab form are included in this market.
  • The Polishes, Room Scents & Insecticides cover several specialty cleaning products for narrowly defined niche uses. The market includes polishes for shoes, floor, furniture, and coach care, along with room deodorants and household insecticides..

Additional Information:

The market comprises revenue, average revenue per capita, sales channel. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Laundry detergents
  • Household cleaners
  • Dishwashing detergents
  • Specialty products (polishes, room scents, household insecticides)
  • Cleaning products for private consumers (B2C)

Out-Of-Scope

  • Cleaning equipment (e.g. mops or cleaning cloths)
  • Cleaning services (laundry services, house cleaning)
  • Professional products for bulk consumers (B2B)
Home & Laundry Care: market data & analysis - Cover

Market Insights Report

Home & Laundry Care: market data & analysis

Study Details

    Revenue

    Notes: Data shown is using current exchange rates. Data shown does not yet reflect market impacts of Russia-Ukraine war, we are currently working on an update.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Home & Laundry Care market in Hungary is experiencing mild growth, influenced by factors such as the rising demand for eco-friendly products, increased consumer awareness of hygiene, and the convenience of innovative cleaning solutions that simplify daily chores.

    Customer preferences:
    Consumers in Hungary are increasingly prioritizing sustainable and eco-friendly home and laundry care products, reflecting a growing awareness of environmental issues. This shift is particularly evident among younger demographics, who are more inclined to choose brands that promote sustainability and ethical practices. Additionally, the rise of dual-income households has led to a demand for convenient, time-saving cleaning solutions. As lifestyles evolve, consumers are also gravitating towards multifunctional products that offer efficiency and effectiveness in maintaining a clean home environment.

    Trends in the market:
    In Hungary, the Home & Laundry Care market is experiencing a notable shift towards sustainable and eco-friendly products, driven by increasing consumer awareness of environmental issues. This trend is particularly prominent among younger generations, who actively seek brands that emphasize sustainability and ethical sourcing. Concurrently, the rise of dual-income households is fueling demand for convenient, time-saving cleaning solutions. As lifestyles become busier, consumers are also leaning towards multifunctional products that enhance efficiency, posing both challenges and opportunities for industry stakeholders to innovate and adapt to these evolving preferences.

    Local special circumstances:
    In Hungary, the Home & Laundry Care market is shaped by unique local factors, including a strong commitment to environmental conservation rooted in cultural values and historical context. The country’s geographical diversity, from urban centers to rural areas, influences cleaning product preferences, with urban consumers favoring compact, multifunctional solutions. Additionally, stringent regulatory frameworks regarding chemical usage in household products push brands to innovate with eco-friendly formulations. This combination of cultural attitudes and regulatory demands drives a distinct market dynamic focused on sustainability and convenience.

    Underlying macroeconomic factors:
    The Home & Laundry Care market in Hungary is significantly influenced by macroeconomic factors such as economic stability, consumer spending patterns, and environmental policies. The country’s robust GDP growth and rising disposable income levels encourage consumers to invest in higher-quality, eco-friendly cleaning products. Additionally, Hungary's alignment with EU regulations enhances market access for sustainable brands, fostering innovation in product formulations. Ongoing fiscal policies promoting green initiatives and sustainability further incentivize companies to adopt environmentally friendly practices, positioning them competitively in a market increasingly driven by consumer demand for responsible consumption.

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on the total consumer spending on home and laundry care products. The market encompasses cleaning products designed for private households, including laundry care, household cleaners, dishwashing detergents, and polishes, room scents & insecticides.

    Modeling approach:

    Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and consumer spending. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.

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    Key Market Indicators

    Notes: Based on IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Household cleaning and laundry products market worldwide - statistics & facts

    Consumers’ interest in cleaning supplies has kept on growing in the last few years. As awareness on the importance of good hygiene practices increases, so does the revenue of the global home and laundry care market, which was estimated to add up to nearly 200 billion U.S. dollars in 2024 and to grow to over 230 billion U.S. dollars by 2029. The United States is the leading region in the market, having recorded over 30 billion U.S. dollars in revenues as of 2023, followed by China and India.
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