The market size for fermented milk products in Hungary has experienced modest growth from 2013 to 2023, with a value of 23.35 Euros per capita in 2023. The year-on-year change for the most recent two years show increases: 0.7% from 2021 to 2022 and 1.7% from 2022 to 2023. Over the five-year period from 2018 to 2023, the compound annual growth rate (CAGR) stands at approximately 1.3%, reflecting steady consumer interest and demand.
Future trends to watch for include potential market influxes driven by health and wellness movements, innovation in dairy products, and shifting consumer preferences toward plant-based alternatives, which could influence traditional fermented milk market dynamics.
How does Hungary rank in Fermented Milk Products Market Size Value Per Capita?
| # | 18 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 41.31 | 2023 | View data | ||
| 2 | 2 Latvia | 38.32 | 2023 | View data | ||
| 3 | 3 Estonia | 38.09 | 2023 | View data | ||
| 4 | 4 Croatia | 36.8 | 2023 | View data | ||
| 5 | 5 Bulgaria | 33.3 | 2023 | View data | ||
| 7 | 7 Slovenia | 28.79 | 2023 | View data | ||
| 8 | 8 Greece | 26.28 | 2023 | View data | ||
| 9 | 9 Hungary | 23.35 | 2023 | |||
| 10 | 10 Denmark | 23.3 | 2023 | View data | ||
| 11 | 11 Austria | 20.19 | 2023 | View data | ||
