The Bulgarian vinegar market demonstrated robust growth from 2013 to 2023, reaching a size of 10.71 million Euros in 2023. Notable fluctuations were apparent, such as the 12.33% increase in 2016 and a contraction of 2.99% in 2017. The last five years (2019-2023) saw an average annual growth rate (CAGR) of 5.53%, indicating a steady upward trend. Recent years (2021-2023) reinforced this, with a noticeable 4.14% increase in 2022 and a 3.93% rise in 2023, reflecting continued demand growth.
Future trends to monitor include evolving consumer preferences for natural and organic products, potential market expansions through product innovations, and the impact of economic conditions on consumer spending. Additionally, sustainability trends and increasing health awareness may further drive market dynamics.
How does Bulgaria rank in Vinegar Market Size Value?
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 291,210,000 | 2023 | +4.33% | +3.58% | View data |
| 2 | 2 France | 192,880,000 | 2023 | +2.51% | +2.79% | View data |
| 3 | 3 United Kingdom | 150,130,000 | 2023 | +2.42% | +3.8% | View data |
| 4 | 4 Spain | 101,510,000 | 2023 | +1.36% | +2.37% | View data |
| 5 | 5 Poland | 28,411,000 | 2023 | +0.85% | +2.77% | View data |
| 6 | 6 Romania | 18,658,000 | 2023 | +2.85% | +2.06% | View data |
| 7 | 7 Sweden | 13,687,000 | 2023 | +1.97% | +1.34% | View data |
| 8 | 8 Bulgaria | 10,710,000 | 2023 | +3.93% | +5.53% | |
| 9 | 9 Croatia | 9,341,100 | 2023 | +4.52% | +4.62% | View data |
| 10 | 10 Belgium | 6,828,600 | 2023 | -1.18% | -2.39% | View data |
