The 2023 data reveals that Italy leads in the number of high-growth enterprises in cereal products across Europe, holding a significant share despite a modest 1.89% year-on-year rise. Hungary follows with notable growth, supported by a 10.08% increase. Portugal and Romania see consistent growth, each experiencing increases of around 4%. In the lower ranks, Latvia shows a surprising 23.36% surge, indicating potential upcoming competitiveness. Iceland and Norway, although less prominent, show healthy growth increases of 10.76% and 6.58%, respectively, presenting potential niche market opportunities.
Looking ahead, strategic development in Hungary and Portugal is essential to leverage their growth trajectory. Attention to market dynamics in Latvia is crucial due to its rapid recent growth, which could reshape competitive landscapes. Italy may continue to dominate, but its slower growth relative to others suggests a need for innovation and expansion strategies to maintain its lead.
Top countries in Number of High Growth Enterprises in Cereal Products Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 23.55 | 2023 | +9.3% | +1.89% | View data |
| 2 | 2 Hungary | 18.14 | 2023 | +19.08% | +10.08% | View data |
| 3 | 3 Portugal | 16.83 | 2023 | +20.86% | +4.01% | View data |
| 4 | 4 Romania | 16.53 | 2023 | +13.01% | +4.72% | View data |
| 5 | 5 Czech Republic | 9.02 | 2023 | +16.88% | +3.71% | View data |
| 6 | 6 Lithuania | 4.71 | 2023 | +14.63% | +3.8% | View data |
| 7 | 7 Slovakia | 4.51 | 2023 | +7.14% | +3.44% | View data |
| 8 | 8 Latvia | 2 | 2023 | +17.65% | +23.36% | View data |
| 9 | 9 Norway | 1.1 | 2023 | 0% | +6.58% | View data |
| 10 | 10 Iceland | 0.5 | 2023 | 0% | +10.76% | View data |
