Cheese - Bulgaria | Statista Market Forecast

Cheese - Bulgaria

Bulgaria

Highlights

Revenue in the Cheese market amounts to US$637.10m in 2024. The market is expected to grow annually by 8.60% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$32bn in 2024).
In relation to total population figures, per person revenues of US$96.26 are generated in 2024.
In the Cheese market, volume is expected to amount to 108.50m kg by 2029. The Cheese market is expected to show a volume growth of 2.2% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 14.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in Bulgaria is seeing minimal growth, influenced by factors such as limited consumer awareness, low disposable income, and competition from other dairy products. Despite this, the market is expected to continue growing as the demand for healthy and convenient food options increases.

Customer preferences: Consumers in Bulgaria are increasingly opting for artisanal and locally sourced cheese products, as they value quality and authenticity. This trend is driven by a growing interest in sustainable and ethical consumption, as well as a desire for unique and diverse flavors. Additionally, there is an emerging demand for lactose-free and plant-based cheese alternatives, reflecting changing dietary preferences and a focus on health and wellness. These shifts in consumer preferences are reshaping the Cheese Market, driving innovation and diversification in the dairy industry.

Trends in the market: In Bulgaria, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards more sustainable and organic options. This trend is driven by consumer demand for healthier and environmentally friendly products. With the increasing popularity of plant-based diets, there is a rise in the production and availability of dairy-free cheese alternatives. These trends have significant implications for industry stakeholders, as they must adapt to meet the changing consumer preferences and invest in sustainable production methods to remain competitive in the market. Additionally, the rise of online shopping and e-commerce platforms has opened up new opportunities for cheese producers to reach a wider customer base and increase sales.

Local special circumstances: In Bulgaria, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's rich dairy traditions and production methods. The use of locally sourced milk and traditional cheese-making techniques result in a unique range of high-quality and flavorful cheeses. Additionally, Bulgaria's accession to the EU has led to strict regulations and standards for dairy production, ensuring the safety and quality of these products. This emphasis on quality and tradition sets the Bulgarian Cheese Market apart from other markets and drives its popularity among consumers.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Bulgaria is influenced by various macroeconomic factors. Global economic trends play a significant role, as the country's economy is highly dependent on export and import activities. Additionally, national economic health, including factors such as inflation, unemployment rates, and consumer confidence, can impact the market performance. Fiscal policies, such as tax rates and government subsidies, also affect the production and consumption of cheese in the country. Other relevant financial indicators, such as exchange rates and interest rates, can also impact the demand and supply of cheese in the Bulgarian market. Overall, these macroeconomic factors can significantly influence the growth and profitability of the Cheese Market in Bulgaria.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.