The Baby Food Preparations market in Bulgaria experienced growth, standing at 26.51 million euros in 2023. Over the past decade, growth was marked by fluctuations, with a significant increase of 21.68% in 2015 and a decrease of 1.5% in 2016, indicating market volatility. Recent years have shown steadier growth, with a year-on-year increase of 3.27% in 2023. The compound annual growth rate (CAGR) over the last five years was 4.62%, suggesting a stable upward trend.
Future trends to watch for include:
- Increasing consumer preference for organic and natural baby food products.
- Technological advancements in food processing and packaging.
- A growing population of health-conscious parents seeking convenient and nutritious options.
- Potential impacts of economic conditions on consumer spending power.