The fermented milk products market in Hungary exhibited moderate fluctuations over the past decade, with volumes reaching 127.47 million kilograms by 2023. Initial declines in early years reversed into growth, with the market seeing a 1.14% year-on-year increase in 2023. Over the last five years, the market showed a compound annual growth rate (CAGR) of 0.87%, reflecting overall steady growth despite minor annual variances. This trend indicates a resilient market with gradual upward momentum.
Looking ahead, future growth in Hungary's fermented milk sector may be fueled by increasing consumer demand for probiotics and health benefits awareness, but could be influenced by economic shifts and consumer preferences for plant-based alternatives.
How does Hungary rank in Fermented Milk Products Market Size Volume?
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 453,280,000 | 2023 | -0.34% | -0.65% | View data |
| 2 | 2 Poland | 353,950,000 | 2023 | +1.19% | +1.55% | View data |
| 3 | 3 United Kingdom | 290,860,000 | 2023 | +1.79% | +0.95% | View data |
| 4 | 4 Romania | 189,440,000 | 2023 | +3.37% | +2.75% | View data |
| 5 | 5 Bulgaria | 171,550,000 | 2023 | +4.15% | +5.7% | View data |
| 6 | 6 Italy | 145,210,000 | 2023 | +2.8% | +0.76% | View data |
| 7 | 7 Hungary | 127,470,000 | 2023 | +1.14% | +0.87% | |
| 8 | 8 Greece | 105,910,000 | 2023 | +0.54% | +0.071% | View data |
| 9 | 9 Austria | 97,769,000 | 2023 | +2.59% | +1.91% | View data |
