The Whole Milk and Cream Powder Market in Hungary exhibited a fluctuating trend in volume from 2013 to 2023, peaking at 1.3619 million kilograms in 2021, with 2023 closing at 1.3498 million kilograms. Despite a notable dip in 2017, the market has generally shown a positive growth trajectory with a Compound Annual Growth Rate (CAGR) of 6.43% over the past five years. The year-on-year growth for 2023 was 2.12%, indicating stability following the declines observed in 2022.
Future trends to watch for include:
- Potential impacts of changing consumer preferences toward plant-based alternatives.
- Innovation and diversity in dairy product offerings may boost demand.
- Regulatory changes and sustainability considerations influencing production methods.
How does Hungary rank in Whole Milk and Cream Powder Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 94,288,000 | 2023 | +0.16% | +5.82% | View data |
| 2 | 2 France | 45,411,000 | 2023 | -5.82% | -5.34% | View data |
| 3 | 3 Portugal | 12,553,000 | 2023 | +0.55% | +3.29% | View data |
| 4 | 4 Finland | 4,261,500 | 2023 | +0.69% | +1.64% | View data |
| 5 | 5 Slovakia | 2,134,000 | 2023 | -4.92% | -3.67% | View data |
| 6 | 6 Romania | 1,770,600 | 2023 | -7.4% | -3.52% | View data |
| 7 | 7 Hungary | 1,263,000 | 2023 | +2.12% | +6.43% |
