Key Market Indicators
**Bulgarian Dairy Industry Set for Steady Growth** The production of dairy products in Bulgaria is projected to reach approximately €613 million by 2028, up from around €553 million in 2023. This marks an average annual growth rate of 1.6%. Since 2013, the country's dairy supply has seen a consistent annual increase of 1.4%. In 2023, Bulgaria ranked 24th globally in dairy production, with Croatia surpassing it with €553 million. Leading the rankings were Germany, Italy, and the Netherlands, occupying the second, third, and fourth spots respectively. Meanwhile, the sales of Bulgarian dairy products are expected to hit about €673 million by 2028, rising from €603 million in 2023. This represents an average annual growth rate of 1.8%. Since 2013, the Bulgarian dairy market has grown modestly by 0.2% each year. In 2023, Bulgaria was 24th in the global sales ranking, with Serbia overtaking it at €603 million. Germany, Italy, and the Netherlands once again secured the top positions. In terms of consumption, Bulgaria's dairy products demand is anticipated to reach approximately 545 million kilograms by 2028, up from roughly 501 million kilograms in 2023, growing at an average annual rate of 1.3%. Notably, since 2013, demand has surged by 3.5% annually. Italy, the United Kingdom, and France held the second, third, and fourth places in this consumption ranking.
