Key Market Indicators
The Bulgarian food processing industry is on track to achieve significant growth, with projected revenues set to reach approximately €647 million by 2028. This marks an increase from an estimated €550 million in 2023, reflecting a compound annual growth rate (CAGR) of 2.6%. Over the past decade, the sector has seen a steady rise, with an average annual growth rate of 4.2% since 2013. In the European context, Bulgaria ranked 20th in the food processing market in 2023. Serbia was slightly ahead, with an identical revenue of around €550 million. Among the top performers in the sector, France, Germany, and Italy occupied the second, third, and fourth positions, respectively.
