In 2023, the Bulgarian fermented milk products market reached a volume of 171.55 million kilograms, marking a significant growth from previous years. The year-on-year increase for 2023 was 4.15%, with a five-year compound annual growth rate (CAGR) of 5.7%, indicative of robust market expansion. Over the past decade, the market has experienced fluctuations but has generally trended upward due to increasing demand and market developments.
Future trends to watch include continued consumer interest in health-oriented dairy products, potential technological advancements in fermentation processes, and evolving consumer preferences influenced by broader health and sustainability trends. These factors could further drive the market's growth in Bulgaria.
How does Bulgaria rank in Fermented Milk Products Market Size Volume?
# | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 France | 453,280,000 | 2023 | -0.34% | -0.65% | View data |
2 | 2 Poland | 353,950,000 | 2023 | +1.19% | +1.55% | View data |
3 | 3 United Kingdom | 290,860,000 | 2023 | +1.79% | +0.95% | View data |
4 | 4 Romania | 189,440,000 | 2023 | +3.37% | +2.75% | View data |
5 | 5 Bulgaria | 171,550,000 | 2023 | +4.15% | +5.7% | |
6 | 6 Italy | 145,210,000 | 2023 | +2.8% | +0.76% | View data |
7 | 7 Hungary | 127,470,000 | 2023 | +1.14% | +0.87% | View data |