The vinegar market in Bulgaria saw fluctuating trends over the past decade. In 2023, the market volume reached 12.419 million liters. The years 2016 and 2015 observed the most significant annual increases at 9.32% and 0.42% respectively, whereas the market showed declines in 2018, 2019, and 2020 with reductions of 3.53%, 3.66%, and 3.29%. Notably, from 2021 to 2023, moderate growth occurred, with year-on-year increases averaging around 1%. The compound annual growth rate (CAGR) from 2018 to 2023 was -0.68%, indicating an overall slight decline.
Future trends to watch for in the Bulgarian vinegar market include:
- Potential market recovery driven by emerging health trends boosting demand for natural products.
- Increasing competition from local artisanal producers could influence quality and diversity.
- Technological advancements in production might streamline processes, potentially affecting pricing and availability.
- Global economic conditions impacting consumer purchasing power and market demand.
How does Bulgaria rank in Vinegar Market Size Volume?
| # | 11 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 234,980,000 | 2023 | +3.53% | +4.08% | View data |
| 2 | 2 Germany | 215,730,000 | 2023 | +1.62% | +0.52% | View data |
| 3 | 3 United Kingdom | 106,020,000 | 2023 | +0.96% | +2.71% | View data |
| 4 | 4 Spain | 96,508,000 | 2023 | +0.48% | +1.12% | View data |
| 5 | 5 Poland | 62,730,000 | 2023 | +0.98% | +0.91% | View data |
| 6 | 6 Romania | 33,231,000 | 2023 | +2.37% | +1.67% | View data |
| 7 | 7 Bulgaria | 12,419,000 | 2023 | +1% | -0.68% | |
| 8 | 8 Sweden | 9,609,600 | 2023 | +6.44% | +2.14% | View data |
| 9 | 9 Lithuania | 4,430,400 | 2023 | +1.97% | +3.59% | View data |
