In 2023, Italy led with the highest number of young high-growth enterprises, or gazelles, in the cereal products sector in Europe. It was followed by Romania and Hungary, both showing remarkable growth with Hungary boasting an impressive increase of nearly 49%. Lithuania also showed substantial growth at 47.58%. Countries like Slovakia and Portugal experienced moderate growth, whereas the Czech Republic and Iceland saw no change, indicating stable albeit low activity in this sector.
Looking forward, future trends to watch include:
- The potential for further growth in Hungary and Lithuania, as they are positioned well with significant increases in enterprises.
- The stabilization or possible untapped potential in markets like the Czech Republic and Iceland, where growth has stagnated.
- The impact of EU agricultural policies and funding on the proliferation of gazelles in these nations.
Top countries in Number of Young High Growth Enterprises (Gazelles) in Cereal Products Share by Country (Units (Enterprises))
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 28.88 | 2023 | +17.86% | +7.49% | View data |
| 2 | 2 Romania | 20.13 | 2023 | +21.05% | +8.92% | View data |
| 3 | 3 Hungary | 19.25 | 2023 | +15.79% | +48.96% | View data |
| 4 | 4 Portugal | 13.13 | 2023 | +25% | +2.13% | View data |
| 5 | 5 Lithuania | 12.25 | 2023 | +40% | +47.58% | View data |
| 6 | 6 Slovakia | 8.75 | 2023 | +25% | +20.11% | View data |
| 7 | 7 Czech Republic | 6.13 | 2023 | 0% | 0% | View data |
| 8 | 8 Iceland | 0.88 | 2023 | 0% | 0% | View data |
