The Homogenised Composite Food Preparations market in Bulgaria has experienced significant growth, starting from 603.6 thousand kilograms in 2013 and reaching 1321.3 thousand kilograms in 2023. Over the past decade, the market demonstrated a mixed pattern of growth, with notable surges, particularly in 2018 and 2023. The year-on-year growth rates for the last two years were 4.6% and 4.71%. Over the last five years, the market witnessed a steady compound annual growth rate (CAGR) of 5.14%, indicating consistent expansion in market volume.
Future trends to watch for include:
- Increased demand for organic and health-oriented food products, driving further growth.
- Potential supply chain innovations improving efficiency and product availability.
- Regulatory changes that could impact production and sales dynamics.
- Expansion in export opportunities aligning with global market trends.