The Solid Refined White Sugar market size per capita in Bulgaria has shown a consistent decline from 2013 to 2023, with the value dropping from €18.54 to €12.72. From 2021 to 2022, the market contracted by 3.01%, and from 2022 to 2023, it further shrank by 3.64%. The compound annual growth rate (CAGR) over the last five years indicates an average annual decrease of 2.24%.
Future trends to watch for:
- Increased health consciousness possibly leading to further decline in sugar consumption.
- Emergence of alternative sweeteners impacting demand for refined sugar.
- Potential changes in regulations or tariffs affecting import and pricing dynamics.