The European landscape of high growth enterprises, or 'gazelles', in the cereal products sector showcases diverse growth dynamics. In 2023, Italy led with 33 enterprises, a 7.49% increase from the previous year. Romania, with 23 enterprises, experienced an 8.92% rise, while Hungary, showing a remarkable 48.96% growth, reached 22 enterprises. Portugal and Lithuania also registered notable year-on-year increases, at 2.13% and 47.58%, respectively. Slovakia recorded a significant 20.11% growth with 10 enterprises, while the Czech Republic and Iceland saw no year-on-year change, maintaining their positions with 7 and 1 enterprises.
Looking forward, European countries are expected to focus on innovation and sustainability in their cereal product sectors, potentially influencing the growth trajectory of these gazelles. Key trends to watch include technological advancements in agricultural practices and supply chain efficiencies, which could foster further expansion and create an environment conducive to the emergence of new high-growth enterprises.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Cereal Products by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 33 | 2023 | +17.86% | +7.49% | View data |
| 2 | 2 Romania | 23 | 2023 | +21.05% | +8.92% | View data |
| 3 | 3 Hungary | 22 | 2023 | +15.79% | +48.96% | View data |
| 4 | 4 Portugal | 15 | 2023 | +25% | +2.13% | View data |
| 5 | 5 Lithuania | 14 | 2023 | +40% | +47.58% | View data |
| 6 | 6 Slovakia | 10 | 2023 | +25% | +20.11% | View data |
| 7 | 7 Czech Republic | 7 | 2023 | 0% | 0% | View data |
| 8 | 8 Iceland | 1 | 2023 | 0% | 0% | View data |
