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 |