Key Market Indicators
Hungarian pet food sales are projected to hit €1.34 billion by 2028, up from €1.09 billion in 2023, marking an average annual growth rate of 3.3%. This follows a robust annual growth rate of 6.1% since 2013. In 2023, Hungary ranked fifth in the European pet food market, trailing behind Spain, which also recorded sales of €1.09 billion. France, the United Kingdom, and Spain took the second, third, and fourth spots, respectively. Hungarian pet food exports are forecasted to reach nearly 678 million kilograms by 2028, up from approximately 601 million kilograms in 2023, reflecting an average annual growth of 1.9%. Since 1997, exports have increased by an average of 3.3% per year. In 2023, Hungary ranked seventh in the global market, with Thailand slightly ahead at around 601 million kilograms. France, the United States, and Poland secured the second, third, and fourth positions, respectively. On the import front, Hungary is expected to receive around 134 million kilograms of pet food by 2028, up from about 115 million kilograms in 2023. This represents an average annual growth rate of 2.3%. Since 1997, Hungarian imports have risen by approximately 3.4% per year.
