The Processed Milk Market in Hungary reached a value of 220.38 million euros in 2023. Over the past decade, the market initially saw substantial growth from 2013 to 2019, with significant year-on-year increases peaking in 2017. However, the past five years have been marked by a consistent contraction, shown by a negative compound annual growth rate of -2.83%. Particularly noticeable was the decrease in market size from 2020 to 2023, with consecutive year-on-year declines.
Looking ahead, future trends to watch for include:
- Potential market stabilization or recovery influenced by economic conditions post-2023.
- Impact of consumer preferences shifting towards plant-based alternatives.
- Government policies and nutritional guidelines affecting processed milk consumption.
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,779,400,000 | 2023 | +1.87% | +1.29% | View data |
| 2 | 2 United Kingdom | 4,850,400,000 | 2023 | -0.71% | +0.011% | View data |
| 3 | 3 Italy | 4,113,800,000 | 2023 | -0.16% | +1.56% | View data |
| 4 | 4 France | 3,149,600,000 | 2023 | +0.98% | +0.38% | View data |
| 5 | 5 Poland | 1,091,900,000 | 2023 | -0.39% | +2.75% | View data |
| 13 | 13 Croatia | 326,760,000 | 2023 | +0.11% | -0.47% | View data |
| 14 | 14 Lithuania | 298,350,000 | 2023 | +2.55% | +2.55% | View data |
| 15 | 15 Hungary | 220,380,000 | 2023 | -5.12% | -2.83% | |
| 16 | 16 Bulgaria | 125,160,000 | 2023 | +2.76% | +5.43% | View data |
| 17 | 17 Slovakia | 107,230,000 | 2023 | -3.94% | -1.46% | View data |
