The dairy products market in Hungary has shown a clear declining trend in volume per capita consumption. From 2013 to 2018, there was consistent growth from 59.36 to 78.15 kilograms per capita. However, starting in 2019, consumption began to decline, dropping to 50.33 kilograms per capita by 2023. This reveals a significant contraction of approximately 9.88% from 2022 to 2023 and a five-year CAGR of -8.10%. Factors contributing to this decline may include dietary shifts, economic factors, or increased competition from plant-based alternatives.
Future trends to watch for include:
- Rising popularity of plant-based alternatives potentially impacting dairy consumption further.
- Changes in consumer behavior driven by health or environmental concerns.
- Potential market stabilization with innovative dairy product offerings or marketing strategies.
How does Hungary rank in Dairy Products Market Size Volume Per Capita?
| # | 18 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 337.12 | 2023 | View data | ||
| 2 | 2 Denmark | 330.61 | 2023 | View data | ||
| 3 | 3 Germany | 237.25 | 2023 | View data | ||
| 4 | 4 Finland | 164.4 | 2023 | View data | ||
| 5 | 5 Italy | 162.93 | 2023 | View data | ||
| 16 | 16 Romania | 62.84 | 2023 | View data | ||
| 17 | 17 Czech Republic | 60.73 | 2023 | View data | ||
| 18 | 18 Hungary | 50.33 | 2023 | |||
