Key Market Indicators
Bulgarian cereal product sales are projected to surge to approximately €856 million by 2028, up from roughly €772 million in 2023. This represents a steady annual growth rate of 1.6%. Since 2013, the Bulgarian market has consistently grown by 2.9% each year. In 2023, Bulgaria ranked 21st globally, with Ireland surpassing it with sales also at €772 million. The leading countries in this sector were Germany, Italy, and the United Kingdom, occupying the second, third, and fourth spots, respectively. On the production front, Bulgaria's cereal product output is expected to reach nearly €816 million by 2028, up from about €727 million in 2023. This marks an annual growth rate of 1.8%. Since 2013, Bulgarian production has increased by 3% annually. In the 2023 rankings, Bulgaria was again positioned at number 21, with Ireland ahead at €727 million. Germany, Italy, and the United Kingdom were the top producers, maintaining their second, third, and fourth positions, respectively.
