Hungary Animal Feed Market (2024-2030) | Revenue, Value, Companies, Outlook, Share, Analysis, Growth, Industry, Size, Forecast & Trends

Topics Covered in the Hungary Animal Feed Market

Hungary Animal Feed Market report thoroughly covers the market by form, by species, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Hungary Animal Feed Market Synopsis

Hungary Animal Feed Market is a dynamic and growing sector that presents numerous opportunities for investors, suppliers, and farmers alike. As the demand for high-quality animal products continues to rise, the market is expected to remain on an upward trajectory. Hungary is one of the leading countries in Central and Eastern Europe that significantly contributes to the Hungary animal feed market growth. This industry has shown remarkable growth in recent years, attributed to the transformation in the agricultural sector and the adoption of modern animal husbandry practices.

According to 6Wresearch, the Hungary Animal Feed Market Size is estimated to reach USD 1.09 billion, growing at a CAGR of 5% during the forecast period of 2024-2030. The growth of this market is driven by increasing demand for high-quality animal products, such as milk and meat, rising awareness among farmers regarding animal nutrition, and growing government support. Moreover, the growth in global trade of livestock and livestock products has led to an increase in demand for innovative animal nutrition solutions. Despite the growth trajectory, there are several challenges facing the Hungary animal feed market, including strict regulatory requirements, high input costs, and issues surrounding traceability and control of feed quality. Furthermore, the industry is highly competitive due to the presence of numerous players, which makes it difficult for small and medium-sized enterprises to penetrate the market. The Hungary animal feed market is experiencing several trends, including the shift towards natural feed compounds, the adoption of innovative technologies, and a greater emphasis on transparency and sustainability. Furthermore, consumers are becoming more conscious of animal welfare, and this is leading to higher demand for feed that ensures healthy and stress-free animal rearing. The Hungary animal feed market is a growing sector with significant opportunities, including the development of new and innovative feed solutions, adoption of effective marketing strategies, and the expansion of market share through collaborations and partnerships. In addition, there is growing potential for exports, as the country is strategically located between major export markets such as Russia and the European Union.

Government policies and schemes introduced in the Hungary Animal Feed Market

Hungary is among Europe's leading animal feed manufacturers, enjoying widespread recognition across the globe. The Hungary animal feed industry encompasses a range of sub-sectors, making it a vital contributor to the country's economy. With the rising global demand for livestock and animal products, Hungary is leveraging its competitive edge in the sector by introducing innovative policies and schemes to promote sustainable growth and profitability.

National Livestock Development Plan (2019-2030)

The government launched the National Livestock Development Plan in 2019, as part of concerted efforts to promote a sustainable, profitable, and environment-friendly agricultural sector. The Plan seeks to create a conducive policy framework for the production, processing, and marketing of animal products in Hungary.

European Union Agricultural Policy

As a member of the European Union (EU), Hungary aligns with the EU Common Agricultural Policy, which is designed to promote sustainable farming practices, enhance food security, and provide a stable source of income for farmers. Hungary receives significant funding from the EU for the development of its agriculture and animal feed sectors.

Animal Health and Welfare Act

The Animal Health and Welfare Act was introduced in Hungary in 1998 to regulate the production, import, and export of animal products. The Act seeks to promote animal welfare and food safety while safeguarding public health. It provides for the monitoring of animal feed and feedstuffs intended for animal consumption, ensuring that only safe products are used.

Prominent players in the Hungary Animal Feed Market

Hungary has established itself as a leading animal feed producer and exporter in Europe, with over 200 companies operating in the sector. Notable players in the Hungary animal feed market include Biofarm, Maxi Világ, AGROFEED, and Hella-Agro. These companies have a vast network of distribution channels and offer unique products that cater to different animal breeds, categories, and dietary requirements.

Market analysis by Form

According to Parisha, Senior Research Analyst, 6Wresearch, the pellets segment has the most significant growth rate in Hungary animal feed market. Also, the sales volume of pellets in the country is increasing at an impressive rate because of its convenience and ease of use.

Market analysis by Species

By Species, the poultry segment has the most significant growth rate due to the increasing demand for chicken meat in Hungary. Poultry feed is highly specialized, and it requires specific nutrients to ensure the birds' optimal health and growth. The demand for poultry feed is steadily increasing, and this segment is expected to continue to grow in the coming years.

Market Analysis by Type

By Type, the acidifiers segment is expected to dominate the Hungary animal feed market share over the forecast period. Acidifiers help to lower the pH of an animal's digestive tract, which increases the animal's feed efficiency, and immunity, and helps to prevent diseases.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Hungary Animal Feed Market Outlook
• Market Size of Hungary Animal Feed Market, 2023
• Forecast of Hungary Animal Feed Market, 2030
• Historical Data and Forecast of Hungary Animal Feed Revenues & Volume for the Period 2020 - 2030
• Hungary Animal Feed Market Trend Evolution
• Hungary Animal Feed Market Drivers and Challenges
• Hungary Animal Feed Price Trends
• Hungary Animal Feed Porter's Five Forces
• Hungary Animal Feed Industry Life Cycle
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Form for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Pellets for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Crumbles for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Mash for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Species for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Poultry for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Ruminants for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Aqua for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Swine for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Acidifiers for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Probiotics for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Enzyme for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Antioxidants for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Antibiotics for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Vitamins for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Minerals for the Period 2020 - 2030
• Historical Data and Forecast of Hungary Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Hungary Animal Feed Import Export Trade Statistics
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Species
• Market Opportunity Assessment By Type
• Hungary Animal Feed Top Companies Market Share
• Hungary Animal Feed Competitive Benchmarking By Technical and Operational Parameters
• Hungary Animal Feed Company Profiles
• Hungary Animal Feed Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Form

• Pellets
• Crumbles
• Mash
• Others

By Species

• Poultry
• Ruminants
• Aqua
• Swine
• Others

By Type

• Acidifiers
• Probiotics
• Enzyme
• Antioxidants
• Antibiotics
• Vitamins
• Minerals
• Others

Frequently Asked Questions About the Market Study (FAQs):