Food and Grocery Retail Market in Bulgaria projected to grow at a CAGR of 3.8% during 2016-2021 Summary “Food & Grocery Retail Market in Bulgaria“, provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to Bulgaria retail market. In addition, it analyzes the key consumer trends influencing Bulgaria food and grocery retail industry. Food & grocery is the largest sector in the Bulgarian retail industry and accounted for 51.3% of total retail sales in 2016. In 2016, sector sales stood at Lv14.2 billion and are projected to grow at a CAGR of 3.8% during 2016-2021 to reach Lv17.1 billion by 2021. Economic recovery and increased household income encouraged private spending, leading sector sales to grow. Hypermarkets, supermarkets and hard discounters is the largest channel in terms of sales, followed by convenience stores and specialist stores. Weak purchasing power led Bulgarians to look for discounts and value deals, resulting in improved sales of hard discounters. The sector is dominated by local retailers; however, the top three retailers are international players. ● The report provides in-depth analysis of the emerging trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics. ● The report details major retailers in Food & Grocery industry with their product proposition analysis and market positioning in 2016 along with recent key developments. ● This market research report also offers latest market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors. ● Retail sales and the fastest-growing product categories in Food & Grocery sector. ● Qualitative and quantitative insights of changing retail dynamics in Food & Grocery sector Request a sample market report: https://www.jsbmarketresearch.com/sample-request/food-grocery-retailing-in-bulgaria-marke t-shares-summary-forecasts-to-2021
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Growing e-commerce is driving sales in the Bulgarian retail industry Food & grocery sector on a steady growth path Hypermarkets, supermarkets and hard discounters lead the market The sector is dominated by local retailers Top 10 retailers accounted for 35% of total sector sales in 2016 Most of the top players operate in Mass middle range
Reasons to buy ● Gain a comprehensive knowledge on food and grocery retail market in Bulgaria and develop a competitive advantage from the start of your supply chain ● Investigate current and forecast behavior trends in food and grocery category to identify the best opportunities to exploit ● Analysis of key international and domestic players operating in the food and grocery market ● Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the food and grocery market ● Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior ● Understand the fastest-growing categories in the market with insights on the performance of individual product categories, across key channels from 2011, with forecasts until 2021 ● Analysis of key international and domestic players operating in Bulgaria retail market – including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share. Browse Full Report: https://www.jsbmarketresearch.com/retail/food-grocery-retailing-in-bulgaria-market-shares -summary-forecasts-to-2021 About JSB Market Research JSB Market Research is one of the most significant databases of online market researches and intelligence reports and services. We specialize in providing Market Research Reports for various industries. The online portal for marketing research deals with access to global market data and assists in providing expert insights and exposure on global companies, industries, products and trends
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