Key Market Indicators
The baked goods market is projected to reach approximately €883 million by 2028, up from around €858 million in 2023. This growth reflects a compound annual growth rate (CAGR) of 0.5%. Over the past year, the market experienced a 0.7% increase. Italy, the United Kingdom, and France hold the second, third, and fourth positions respectively in this ranking. Hungarian bread exports are expected to hit $134 million by 2028, rising from $123 million in 2023. This represents an annual growth rate of 1.4%. Since 1997, Hungary's bread supply has increased by 1.9% per year. On the import side, Hungary is set to see bread imports reach $333 million by 2028, up from $289 million in 2023. This translates to a 2.2% annual growth rate. Since 1997, Hungarian bread demand has grown by 2.6% annually.
