Bulgaria – The Future of Foodservice to 2023
All the vital news, analysis, and commentary curated by our industry experts.
"Bulgaria – The Future of Foodservice to 2023", published by GlobalData, provides extensive insight and analysis of Bulgaria's Foodservice market until 2023 and acts as a vital point of reference for operators or suppliers.
Bulgaria's economy grew at 7.1% in real terms during 2018, supported by private consumption, the disbursal of EU structural funds and rising domestic demand. Additionally, higher industrial output and steady oil prices have helped to drive domestic demand over the past few years.
The economy is projected to sustain growth over the next five years, backed by a favorable labor market with increasing wages. However, Bulgaria remains amongst the poorest countries in Europe. With a CAGR of 4.5% between 2016 and 2018 in value terms, Bulgaria represents one of the fastest-growing markets in Europe (measured in Euros).
– However, low labor costs and a flat corporation tax of 10% have done little to attract global foodservice operators, with the country continuing to be plagued by allegations of corruption and organized crime.
– Future opportunities in the market lie outside of the capital, Sofia. Operators are instead looking towards Bulgaria's other major cities (Plovdiv, Burgas and Stara Zagora), which have seen rapid GDP and income growth in recent years. In 2017, Finland's leading QSR operator, Hesburger, chose Lovech as its entry point into the market.
– Owing to depressed income levels, price remains a fundamental consideration of consumers across the entire profit sector.
Reasons to Buy
– Specific forecasts of the foodservice market until 2023 give readers the ability to make informed business decisions through identifying emerging/declining markets.
– Consumer segmentation detailing the desires of known consumers among major foodservice channels will allow readers understand the wants and needs of their target demographics.
– Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within the foodservice market.
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Table of Contents
Table of Contents
GDP and Consumer Price Index
Population and demographic highlights
monthly household income distribution
Introducing the Consumer Segments
Consumer segment profiles and key identification metrics
Segment engagement overview in four key profit sector channels
Profit Sector Metrics
Key metric highlights
Value share and growth by channel
Outlets and transactions growth by channel
Operator buying volumes and growth by channel
Channel historic and future growth dynamics
Outlet type and type of ownership growth dynamics
Profit Sector by Channel
Quick-Service Restaurants (QSRs)
Summary and key take-out
Full-Service Restaurants (FSRs)
Summary and key take-out
Coffee and Tea Shops
Summary and key take-out
Cost Sector Metrics
Cost operator trends – historic and future growth
Data and channel share breakdown
Frequently asked questions
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