Key Market Indicators
Bulgarian food expenditures are projected to hit €13.5 billion by 2028, up from €10.3 billion in 2023. This marks an average annual growth rate of 4.3%. Since 2000, the country's demand has risen at an average yearly rate of 10.6%. In 2023, Bulgaria ranked 20th in food expenditures, with Hungary surpassing it at €10.3 billion. France, Italy, and the United Kingdom secured the 2nd, 3rd, and 4th positions, respectively. Meanwhile, Bulgarian food sales are expected to reach €7.2 billion by 2028, increasing from €6.2 billion in 2023 with an average annual growth rate of 2.2%. Since 2010, the market has grown at a yearly average of 3.8%. In 2023, Bulgaria was 22nd in food sales, with Serbia overtaking it at €6.2 billion. France, Italy, and Spain ranked 2nd, 3rd, and 4th in this category.
