Nielsen: the market of own-branded products has gained a new impetus
The Hungarian consumers purchase commercial brands from pet foods and kitchen towels.
The market of commercial brands has gained a new impetus in term of the sales of global retail markets. In Hungary, the market share of self-branded food products increased by about 1 percentage point in 2017 reaching nearly 29 percent of the more than 1,700 billion total turnover of the market. In the chemical commodity market, manufacturers’ brands are still strong, almost one-fifth of the 400 billion in sales were by commercial brands in 2017. (Nielsen)
Related news
The Costa Art & Craft competition is starting!
A good coffee can do wonders – it refreshes, inspires…
Read more >Tesco is introducing cheaper own-brand products in its Expressz stores
Tesco is introducing cheaper own-brand products in its Expressz stores…
Read more >Private Labels vs Brands – Adapting To Consumer Shifts And Innovating Pricing Strategies
Food sales are expected to show only weak growth in…
Read more >Related news
KSH: retail turnover in November exceeded the same period of the previous year by 4.1 percent and the previous month by 0.6 percent
In November 2024, the volume of retail trade turnover increased…
Read more >NGM: Public confidence is apparently starting to return
The government is working to improve the economy so that…
Read more >Fidelity Outlook 2025: The US is ready for reflation
The Republicans’ landslide victory in the November election has significantly…
Read more >