In 2023, Italy led in the number of young high growth enterprises (gazelles) in fruit and vegetable processing, with a count of nine enterprises. Hungary followed with six, showing the highest year-on-year growth at 43.1%. Romania and the Czech Republic each had two enterprises, while Slovakia, Lithuania, and Portugal each reported one. The Czech Republic, Slovakia, Lithuania, and Portugal saw no growth in 2023. The compound annual growth rate over the past five years indicates shifting dynamics in the sector, with countries like Hungary showing considerable expansion potential.
Future trends to watch include:
- The potential rise in Italy and Hungary as leaders in this sector, given their strong performance and growth rates.
- Exploration of market dynamics in Romania which could influence future expansion and competitiveness.
- The potential for other countries to catch up with investments in new technologies or favorable policies that could spur growth.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Fruit Processing and Vegetables Processing by Country
| # | 7 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 9 | 2023 | +28.57% | +12.47% | View data |
| 2 | 2 Hungary | 6 | 2023 | +20% | +43.1% | View data |
| 3 | 3 Romania | 2 | 2023 | 0% | +14.87% | View data |
| 4 | 4 Czech Republic | 2 | 2023 | 0% | 0% | View data |
| 5 | 5 Slovakia | 1 | 2023 | 0% | View data | |
| 6 | 6 Lithuania | 1 | 2023 | 0% | 0% | View data |
| 7 | 7 Portugal | 1 | 2023 | 0% | 0% | View data |
