Fermented Milk Products Market Size Value in Bulgaria

The Fermented Milk Products Market in Bulgaria demonstrated a growth trajectory, reaching a market size value of 227.67 million Euros in 2023. Despite fluctuations between 2013 and 2017, recent years have shown consistent growth with a CAGR of 7.77% over the last five years. Year-on-year growth was strong, particularly notable between 2020-2023, with annual increases ranging from 5.65% to 9.9%, indicating a steady demand for fermented milk products.

Future trends to watch for:

  • Increasing consumer preference for health-conscious and organic products could drive market expansion.
  • Innovation in product flavors and packaging may boost consumer interest and consumption.
  • Economic conditions and purchasing power changes in Bulgaria will influence future market dynamics.

How does Bulgaria rank in Fermented Milk Products Market Size Value?

# 18 Countries Euros Last Year YoY 5-years CAGR
1 1 Germany 1,161,100,000 2023 +2.93% +3.38% View data
2 2 France 1,057,800,000 2023 +2.32% +3.02% View data
3 3 United Kingdom 698,230,000 2023 +2.16% +1.87% View data
4 4 Poland 455,570,000 2023 +0.29% +1.3% View data
5 5 Romania 334,600,000 2023 +3.84% +3.85% View data
6 6 Italy 303,770,000 2023 -0.1% +1% View data
7 7 Greece 266,650,000 2023 -1.47% -2.05% View data
8 8 Bulgaria 227,670,000 2023 +6.76% +7.77%
9 9 Hungary 218,050,000 2023 +1.1% +0.42% View data
10 10 Austria 177,100,000 2023 +3.24% +2.08% View data

Top Countries about Fermented Milk