Between 2013 and 2023, Hungary's prepared pet foods market grew from 187.74 million euros to 293.38 million euros, showing fluctuations with growth spurts, notably a 16.49% rise in 2018 and a slight dip in 2020-2021. From 2019-2023, the compound annual growth rate (CAGR) averaged 2.86%. Last year, growth was slower, marking a 2.74% increase.
Future trends to watch:
- Increasing demand for premium and natural pet foods.
- Rising pet ownership post-pandemic may drive market expansion.
- Focus on sustainable packaging, driven by environmental concerns.
How does Hungary rank in Prepared Pet Foods Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,342,500,000 | 2023 | +5.4% | +5.83% | View data |
| 2 | 2 United Kingdom | 3,778,100,000 | 2023 | +0.51% | +2.14% | View data |
| 3 | 3 France | 3,661,900,000 | 2023 | +2.74% | +4.38% | View data |
| 4 | 4 Italy | 1,898,100,000 | 2023 | +2.52% | +0.61% | View data |
| 5 | 5 Spain | 1,691,400,000 | 2023 | +4.83% | +7.22% | View data |
| 6 | 6 Poland | 903,150,000 | 2023 | +2.99% | +3.91% | View data |
| 7 | 7 Portugal | 395,380,000 | 2023 | +3.43% | +3.5% | View data |
| 8 | 8 Hungary | 293,380,000 | 2023 | +2.74% | +2.86% | |
| 9 | 9 Greece | 287,170,000 | 2023 | -0.14% | +5.23% | View data |
| 10 | 10 Finland | 223,370,000 | 2023 | +5.49% | +2.03% | View data |
