Key Market Indicators
Food sales in Bulgaria are forecast to reach €6.6 billion by 2026, up from €5.8 billion in 2021. This growth is expected to average 2% year-on-year. Since 2010, the Bulgarian market has been growing at a rate of 4.5% year-on-year. In 2021, Bulgaria was 22nd in the world rankings, with Serbia overtaking it at €5.8 billion. France, Italy and Spain respectively were 2nd, 3rd and 4th in the rankings. Food expenditures in Bulgaria are estimated to reach €7.9 billion by 2026, up from €7.0 billion in 2021. This growth is expected to average 2% year-on-year. Since 2000, demand for food in Bulgaria has been increasing at a rate of 4.5% year-on-year. In 2021, Bulgaria was ranked 21st, with Ireland just ahead at €7.0 billion. France, Italy and the United Kingdom were respectively ranked 2nd, 3rd and 4th. Food production in Bulgaria is set to reach $4.7 billion by 2026, up from $4.5 billion in 2021. This growth is expected to average 0.7% year-on-year. Since 1966, Bulgarian food production has been growing at a rate of 1.3% year-on-year. In 2021, Bulgaria was 78th in the world rankings, with Madagascar overtaking it at $4.5 billion. India, the United States and Brazil respectively were 2nd, 3rd and 4th.
