The bread market in Croatia was valued at 349.93 million euros in 2023. The market experienced a period of decline from 2013, with notable drops in 2019 and 2020. Despite these setbacks, the market has shown signs of recovery in recent years, with a slight increase in value in 2021, 2022, and 2023. Year-on-year growth was positive in the last two years, with 2022 seeing a 10.56% increase and 2023 a modest 3.94% rise. The compound annual growth rate (CAGR) over the last five years recorded a decline of 2.66% annually.
Future trends to watch for:
- Continued consumer demand for healthier and innovative bread options, potentially driving market growth.
- Economic and inflationary factors influencing consumer purchasing power and bread market values.
- The impact of sustainable practices and local ingredient sourcing on market dynamics.
How does Croatia rank in Bread Market Size Value?
| # | 24 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,414,000,000 | 2023 | +1.33% | +1.12% | View data |
| 2 | 2 United Kingdom | 4,937,100,000 | 2023 | -0.41% | +0.4% | View data |
| 3 | 3 Italy | 4,808,400,000 | 2023 | -0.93% | -1.13% | View data |
| 4 | 4 Spain | 3,680,100,000 | 2023 | +1% | +0.71% | View data |
| 5 | 5 France | 2,477,800,000 | 2023 | +1.41% | +1.24% | View data |
| 16 | 16 Hungary | 435,360,000 | 2023 | +0.096% | +0.68% | View data |
| 17 | 17 Denmark | 431,790,000 | 2023 | -2.15% | -2.01% | View data |
| 18 | 18 Croatia | 349,930,000 | 2023 | +3.94% | -2.66% | |
| 19 | 19 Bulgaria | 255,450,000 | 2023 | -0.011% | +0.44% | View data |
| 20 | 20 Slovenia | 154,520,000 | 2023 | -1.81% | -2.01% | View data |
