The bread market size in Bulgaria has experienced a consistent downward trend over the past decade, culminating in a volume of 286.23 million kilograms by 2023. Year-on-year variations indicate a steady decline, highlighted by a decrease of -1.31% in 2023. The compound annual growth rate (CAGR) over the last five years reveals an average annual decline of -1.7%, reflecting the overall market contraction.
Looking forward, the forecasted data suggests a continued decline in market volume, possibly driven by changing consumer preferences, increased health consciousness, and the growing popularity of alternative food products. Observing these factors will be crucial for future market strategies.
How does Bulgaria rank in Bread Market Size Volume?
| # | 23 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,639,200,000 | 2023 | -0.6% | -0.44% | View data |
| 2 | 2 United Kingdom | 2,629,200,000 | 2023 | -0.35% | -0.49% | View data |
| 3 | 3 Spain | 2,022,900,000 | 2023 | +1.64% | +1.48% | View data |
| 4 | 4 France | 1,165,300,000 | 2023 | +0.36% | -0.45% | View data |
| 5 | 5 Poland | 1,123,000,000 | 2023 | -5.58% | -5.07% | View data |
| 12 | 12 Ireland | 362,270,000 | 2023 | +2.79% | -1.28% | View data |
| 13 | 13 Hungary | 314,240,000 | 2023 | -0.36% | -0.9% | View data |
| 14 | 14 Bulgaria | 286,230,000 | 2023 | -1.31% | -1.7% | |
| 15 | 15 Greece | 237,900,000 | 2023 | +5.61% | +3.93% | View data |
| 16 | 16 Denmark | 201,520,000 | 2023 | -2.38% | -2.1% | View data |
