Based on historical data, the meat market in Bulgaria showcased a steady increase in per capita value from 2013 to 2023, with a notable surge recorded post-2016. In 2023, the value stood at approximately 179.17 Euros per capita, which marks a prominent increase from prior years.
Year-on-year growth was consistent, reinforcing robust market performance, particularly significant between 2019 and 2023. The last two years demonstrated positive variations with a reliable trend of climbing values.
- From 2022 to 2023, the increase was 3.68%
- Before that, from 2021 to 2022, the increase was 3.85%.
- The 5-year compound annual growth rate (CAGR) averaged around 3.47% from 2018 to 2023, highlighting a gradual upward trend.
Looking ahead, the Bulgarian meat market is expected to continue its growth, driven by increasing consumer demand, economic factors, and potential diversification of meat products. Key areas to watch include changing consumer preferences, regulatory impacts, and innovations in meat alternatives.
How does Bulgaria rank in Meat Market Size Value Per Capita?
| # | 23 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 551.54 | 2023 | View data | ||
| 2 | 2 Sweden | 356.43 | 2023 | View data | ||
| 3 | 3 Italy | 331.23 | 2023 | View data | ||
| 4 | 4 France | 309.33 | 2023 | View data | ||
| 5 | 5 Germany | 294 | 2023 | View data | ||
| 15 | 15 Lithuania | 190.24 | 2023 | View data | ||
| 16 | 16 Slovenia | 189.04 | 2023 | View data | ||
| 17 | 17 Bulgaria | 179.17 | 2023 | |||
| 18 | 18 Slovakia | 162.21 | 2023 | View data | ||
| 19 | 19 Hungary | 158.22 | 2023 | View data | ||
