Key Market Indicators
Hungary's food processing industry is on track for significant growth, with revenue projected to reach €1.31 billion by 2028, up from €1.23 billion in 2023. This marks an average annual growth rate of 1.1%. The Hungarian market has shown steady improvement over the past decade, growing at an average rate of 1.8% per year since 2013. In the current year, Hungary ranks 16th in the European market. Interestingly, the Czech Republic has matched Hungary's 2023 revenue at €1.23 billion, placing it just ahead in the ranking. Leading the pack are France, Germany, and Italy, holding the second, third, and fourth positions, respectively, in the European food processing sector.
