The Fresh Turkey Cuts market in Hungary has shown a steady increase in volume per capita, rising from 1.08 kilograms in 2013 to 2.37 kilograms in 2023. This demonstrates a significant increase in consumption over the period. Year-on-year, the market showed notable growth, especially between 2020 and 2023, with a marked increase in kilograms per capita consumption. Specifically, the growth from 2022 to 2023 was 5.8%. The compound annual growth rate (CAGR) from 2019 to 2023 was 8.91%, reflecting strong market dynamics and increasing consumer demand.
Future trends to watch for in the market include:
- Potential impacts of economic changes on consumer purchasing power.
- Shifts in consumer preferences towards healthier eating, possibly driving turkey consumption.
- Influence of domestic and European Union agricultural policies on production and prices.
- Technological advancements in turkey farming and processing.