Market Forecast By Form (Pellets, Crumbles, Mash, Others), By Species (Poultry, Ruminants, Aqua, Swine, Others), By Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Vitamins, Minerals, Others) And Competitive Landscape
Product Code: ETC018459 | Publication Date: Oct 2020 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Hungary Animal Feed market currently, in 2023, has witnessed an HHI of 1210, Which has increased slightly as compared to the HHI of 1177 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the 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 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 2025-2031. 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.
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.
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.
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.
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.
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.
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.
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.
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.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hungary Animal Feed Market Overview |
3.1 Hungary Country Macro Economic Indicators |
3.2 Hungary Animal Feed Market Revenues & Volume, 2021 & 2031F |
3.3 Hungary Animal Feed Market - Industry Life Cycle |
3.4 Hungary Animal Feed Market - Porter's Five Forces |
3.5 Hungary Animal Feed Market Revenues & Volume Share, By Form, 2023 & 2031F |
3.6 Hungary Animal Feed Market Revenues & Volume Share, By Species, 2023 & 2031F |
3.7 Hungary Animal Feed Market Revenues & Volume Share, By Type, 2023 & 2031F |
4 Hungary Animal Feed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Hungary Animal Feed Market Trends |
6 Hungary Animal Feed Market, By Types |
6.1 Hungary Animal Feed Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Hungary Animal Feed Market Revenues & Volume, By Form, 2021 & 2031F |
6.1.3 Hungary Animal Feed Market Revenues & Volume, By Pellets, 2021 & 2031F |
6.1.4 Hungary Animal Feed Market Revenues & Volume, By Crumbles, 2021 & 2031F |
6.1.5 Hungary Animal Feed Market Revenues & Volume, By Mash, 2021 & 2031F |
6.1.6 Hungary Animal Feed Market Revenues & Volume, By Others, 2021 & 2031F |
6.2 Hungary Animal Feed Market, By Species |
6.2.1 Overview and Analysis |
6.2.2 Hungary Animal Feed Market Revenues & Volume, By Poultry, 2021 & 2031F |
6.2.3 Hungary Animal Feed Market Revenues & Volume, By Ruminants, 2021 & 2031F |
6.2.4 Hungary Animal Feed Market Revenues & Volume, By Aqua, 2021 & 2031F |
6.2.5 Hungary Animal Feed Market Revenues & Volume, By Swine, 2021 & 2031F |
6.2.6 Hungary Animal Feed Market Revenues & Volume, By Others, 2021 & 2031F |
6.3 Hungary Animal Feed Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Hungary Animal Feed Market Revenues & Volume, By Acidifiers, 2021 & 2031F |
6.3.3 Hungary Animal Feed Market Revenues & Volume, By Probiotics, 2021 & 2031F |
6.3.4 Hungary Animal Feed Market Revenues & Volume, By Enzyme, 2021 & 2031F |
6.3.5 Hungary Animal Feed Market Revenues & Volume, By Antioxidants, 2021 & 2031F |
6.3.6 Hungary Animal Feed Market Revenues & Volume, By Antibiotics, 2021 & 2031F |
6.3.7 Hungary Animal Feed Market Revenues & Volume, By Vitamins, 2021 & 2031F |
6.3.8 Hungary Animal Feed Market Revenues & Volume, By Others, 2021 & 2031F |
6.3.9 Hungary Animal Feed Market Revenues & Volume, By Others, 2021 & 2031F |
7 Hungary Animal Feed Market Import-Export Trade Statistics |
7.1 Hungary Animal Feed Market Export to Major Countries |
7.2 Hungary Animal Feed Market Imports from Major Countries |
8 Hungary Animal Feed Market Key Performance Indicators |
9 Hungary Animal Feed Market - Opportunity Assessment |
9.1 Hungary Animal Feed Market Opportunity Assessment, By Form, 2023 & 2031F |
9.2 Hungary Animal Feed Market Opportunity Assessment, By Species, 2023 & 2031F |
9.3 Hungary Animal Feed Market Opportunity Assessment, By Type, 2023 & 2031F |
10 Hungary Animal Feed Market - Competitive Landscape |
10.1 Hungary Animal Feed Market Revenue Share, By Companies, 2024 |
10.2 Hungary Animal Feed Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |