The Dairy Products Market in Bulgaria has shown a steady increase from 2013 to 2023, with a market size volume reaching 500.7 million kilograms in 2023. The year-on-year variations reveal moderate growth rates with the largest increase recorded in 2015 at 10.86%. Over the last five years leading to 2023, the compound annual growth rate (CAGR) averaged at 3.45%, highlighting consistent upward momentum and resilience.
- 2013: 352.1 million kilograms with a 7.33% increase from the previous year
- 2014: Decline by 1.79%
- 2015: Significant growth of 10.86%
- 2023: 500.7 million kilograms, with a year-on-year increase of 1.85% and a five-year CAGR of 3.45%
The future trends of Bulgaria's dairy market will likely focus on increasing consumer preference for clean-label and organic dairy products. Monitoring the impact of technological advancements in dairy production and processing, as well as any regulatory changes, could influence the market's development.
How does Bulgaria rank in Dairy Products Market Size Volume?
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19,403,000,000 | 2023 | -3.06% | +0.27% | View data |
| 2 | 2 Italy | 10,201,000,000 | 2023 | -0.41% | +0.13% | View data |
| 3 | 3 United Kingdom | 9,124,500,000 | 2023 | +0.024% | -1.23% | View data |
| 4 | 4 France | 8,255,900,000 | 2023 | -3.21% | -3.61% | View data |
| 5 | 5 Poland | 4,571,700,000 | 2023 | +0.73% | +0.76% | View data |
| 14 | 14 Croatia | 609,820,000 | 2023 | -0.55% | -0.29% | View data |
| 15 | 15 Czech Republic | 589,080,000 | 2023 | -7.33% | +0.85% | View data |
| 16 | 16 Bulgaria | 500,700,000 | 2023 | +1.85% | +3.45% | |
| 17 | 17 Slovakia | 473,290,000 | 2023 | -0.62% | +0.45% | View data |
| 18 | 18 Hungary | 443,400,000 | 2023 | -14.75% | -10.31% | View data |
