Hungary Pet Food Industry Outlook 2022 - 2026

Key Market Indicators

The Hungarian pet food market is set to reach €1.2 billion by 2026, growing at an average rate of 3.2% year-on-year. Since 2013, the market has increased by 6% annually. In 2021, Hungary was the fifth biggest market, just behind Spain which had sales of €998.7 million. France, the United Kingdom and Spain ranked second, third and fourth, respectively. Hungarian pet food exports are set to reach 647.7 million kilograms by 2026, with a year-on-year CAGR of 2.1%. Since 1997, Hungarian supply has risen by 3.1% year-on-year. In 2021, Hungary was the seventh largest exporter, just behind Thailand which had exports of 567.6 million kilograms. France, the United States and the Netherlands ranked second, third and fourth, respectively. Hungarian pet food imports are set to reach 126.5 million kilograms by 2026, with a year-on-year CAGR of 2.6%. Since 1997, Hungarian demand has increased by 5.8% annually. In 2021, Hungary was the twentieth largest importer, just behind Sweden which had imports of 107.5 million kilograms. The United Kingdom, France and Italy ranked second, third and fourth, respectively.

Hungary Pet Food Market Data and Forecasts

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