The Hungarian milk drinks market showed substantial growth, increasing from 41.329 million euros in 2013 to 72.941 million euros in 2023. The most significant year-on-year growth was in 2017, with a 31.51% increase, while 2023 experienced a 4.51% rise from the previous year. The compound annual growth rate (CAGR) over the last five years was 4.71%, suggesting a stable upward trend despite some fluctuations.
Future trends to watch for:
- Innovation in flavored milk and health-focused beverages.
- Rising consumer demand for lactose-free and plant-based milk alternatives.
- Effects of potential regulatory changes impacting dairy production.
How does Hungary rank in Milk Drinks Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 519,580,000 | 2023 | +1.32% | -0.00022% | View data |
| 2 | 2 Spain | 446,210,000 | 2023 | -4.56% | -6.15% | View data |
| 3 | 3 France | 230,440,000 | 2023 | +5.2% | -0.21% | View data |
| 4 | 4 Austria | 187,660,000 | 2023 | +0.69% | +0.8% | View data |
| 5 | 5 Denmark | 185,150,000 | 2023 | +3.55% | +3.53% | View data |
| 6 | 6 Hungary | 72,941,000 | 2023 | +4.51% | +4.71% | |
| 7 | 7 Croatia | 26,129,000 | 2023 | +6.71% | +3.52% | View data |
