The frozen equine meat market in Hungary has seen fluctuations in its volume per capita from 2013 to 2023, with a peak in 2015 at 0.022 kg, declining steadily thereafter. As of 2023, the consumption stands at 0.016 kg per capita. In the past two years, the year-on-year change showed stability at around -5.88% from 2022 to 2023 and stability from 2021 to 2022. Over the last five years, the compound annual growth rate (CAGR) is negative, underlining a decreasing trend at approximately -1.21% per year.
Future trends to watch for include potential market shifts due to changes in consumer preferences, increasing emphasis on alternative protein sources, and possible regulatory changes impacting equine meat production and consumption in Hungary. Continued monitoring of economic and cultural factors will be essential to forecast the market's evolution.
