The Hungarian meat market has shown a steady growth trend over the years, reaching a volume of 533.77 million kilograms in 2023. Over the past decade, fluctuations were observed, with significant growth noted in 2017 and a decline in 2020. The average annual growth rate (CAGR) over the last five years has been 2.4%, reflecting a moderate upward trend. Notably, the past two years saw growth rates of 5.89% and 4.57%, respectively, indicating a recovery post the 2020 decline.
Future trends to watch for include the impact of shifting consumer preferences towards alternative proteins, sustainability concerns, and potential regulatory changes in the meat production sector. These factors could influence market dynamics and drive future growth or transformations in Hungary's meat market.
How does Hungary rank in Meat Market Size Volume?
| # | 21 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 13,419,000,000 | 2023 | +3.48% | +3.45% | View data |
| 2 | 2 Spain | 6,256,900,000 | 2023 | +2.03% | +1.16% | View data |
| 3 | 3 Italy | 4,821,400,000 | 2023 | -3.68% | -3.19% | View data |
| 4 | 4 France | 4,587,700,000 | 2023 | -0.41% | -1.09% | View data |
| 5 | 5 United Kingdom | 3,464,300,000 | 2023 | +1.55% | +1.19% | View data |
| 10 | 10 Portugal | 688,470,000 | 2023 | +3.92% | +1.05% | View data |
| 11 | 11 Sweden | 574,430,000 | 2023 | -0.25% | -1.17% | View data |
| 12 | 12 Hungary | 533,770,000 | 2023 | +4.57% | +2.4% | |
| 13 | 13 Greece | 517,340,000 | 2023 | +1.61% | +3.59% | View data |
| 14 | 14 Austria | 422,740,000 | 2023 | +1.07% | +0.49% | View data |
