The prepared meals market in Bulgaria has seen varied trends over the past decade. From 2013 to 2017, there was a noticeable decline, with values shrinking from 98.556 million Euros to 73.576 million Euros. This was followed by a recovery phase, peaking in 2019 at 94.302 million Euros before a gradual decrease set in again, reaching a market size of 84.005 million Euros in 2023.
The year-on-year analysis highlights significant fluctuations, such as the notable drop in 2014 by 18.36% and a solid recovery in 2019 with a 17.74% increase. Over the last five years, the compound annual growth rate (CAGR) was a modest 0.96%, indicating sluggish growth.
The market is currently valued at 84.005 million Euros, as of 2023.
Future trends to watch for include:
- Potential impacts of economic conditions on consumer purchasing power.
- Increasing health-conscious consumer behavior influencing demand for healthier meal options.
- Technological advancements in food preservation and packaging that could impact market dynamics.
- Government policy changes regarding food safety and imports.
- Growing popularity of online food delivery services reshaping the consumption of prepared meals.
How does Bulgaria rank in Prepared Meals Market Size Value?
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 9,971,300,000 | 2023 | +4.24% | +2.81% | View data |
| 2 | 2 United Kingdom | 6,691,700,000 | 2023 | +0.92% | +0.74% | View data |
| 3 | 3 Italy | 3,213,700,000 | 2023 | +0.28% | +0.29% | View data |
| 4 | 4 Spain | 2,127,900,000 | 2023 | +4.82% | +2.76% | View data |
| 5 | 5 Finland | 934,360,000 | 2023 | +2.55% | +3.06% | View data |
| 9 | 9 Hungary | 110,210,000 | 2023 | -0.5% | -2.46% | View data |
| 10 | 10 Estonia | 99,724,000 | 2023 | +5.4% | +1.17% | View data |
| 11 | 11 Bulgaria | 84,005,000 | 2023 | -3.28% | +0.96% | |
| 12 | 12 Lithuania | 71,089,000 | 2023 | -0.22% | -0.82% | View data |
| 13 | 13 Croatia | 55,713,000 | 2023 | -0.8% | -0.76% | View data |
