Bulgaria Spirits Market 2024

Anticipated to grow steadily, the Bulgaria spirits market is expected to rise from USD 1,601.4 million in 2023 to USD 2,457.7 million by 2029, with a CAGR of 7.4% throughout the forecast period. Bulgaria’s spirits market is driven by both traditional and modern consumption patterns. Rakia, the traditional fruit brandy, remains a staple in Bulgarian households, while whiskey and vodka are gaining popularity, particularly among younger urban consumers. The increasing focus on premium spirits, coupled with an expanding nightlife and bar culture, is fueling demand for high-quality alcoholic beverages. Additionally, Bulgaria’s growing tourism sector is contributing to higher consumption of premium international spirits, with visitors seeking out local specialties as well as global brands.

This report presents a detailed overview of the Bulgaria spirits industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, category and distribution channel. This detailed analysis supports the identification of growth opportunities within the spirits industry.

Market Segmentation

The Bulgaria spirits market is structured as follows:
Product type: brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, others
Category: craft, non-craft
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, discounters, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others

In Bulgaria, the spirits market is segmented by product type, category and distribution channel. By product type, the market features brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, and others. Category segments encompass craft, and non-craft. Distribution channel segmentation includes convenience stores, forecourt, supermarkets and hypermarkets, discounters, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others.

Competitive Landscape

The competitive landscape of the spirits market has been analyzed, with a focus on key players such as William Grant & Sons Ltd., VP Brands International SA, Vinprom Troyan AD, Vini Sliven OOD, Vinex Slavyantsi AD, Vinex Preslav AD, Vincom AD, Villa Yambol EAD, The Edrington Group Limited, Suntory Holdings Limited, Stock Spirits Group PLC, SIS Industries OOD, S.V.S. La Martiniquaise, Russian Standard Corporation, Pernod Ricard Group, LVK Vinprom Targovishte AD, FKP Sojuzplodoimport (FKPS), Festa Holding Plc, Distillery Plomariou Isidorou Arvanitou, Diageo plc, Davide Campari-Milano S.p.A., Coca-Cola HBC AG, Brown-Forman Corporation, Becle S.A.B. de C.V. and Bacardi Limited.

The report provides a detailed assessment of prominent companies within the spirits market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Bulgaria spirits market.
Gain in-depth analysis and forecasts for the key segments of the Bulgaria spirits market: product type, category and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Bulgaria spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Bulgaria spirits market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Bulgaria Spirits Market – Product Type Analysis
Bulgaria Spirits Market – Category Analysis
Bulgaria Spirits Market – Distribution Channel Analysis
Key Players and Market Share
– William Grant & Sons Ltd.
– VP Brands International SA
– Vinprom Troyan AD
– Vini Sliven OOD
– Vinex Slavyantsi AD
– Vinex Preslav AD
– Vincom AD
– Villa Yambol EAD
– The Edrington Group Limited
…
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Bulgaria Spirits Market 2019-2029
Chart Bulgaria Spirits Market, Net Growth, 2019-2029
Chart Bulgaria Spirits Market, Growth Rates, 2019-2029
Table Bulgaria Spirits Market by Product Type, 2019-2029
Chart Bulgaria Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Bulgaria Spirits Market by Product Type, 2019-2029
Table Bulgaria Spirits Market by Category, 2019-2029
Chart Bulgaria Spirits Market by Category, CAGR Historic and Forecast, 2019-2029
Chart Bulgaria Spirits Market by Category, 2019-2029
Table Bulgaria Spirits Market by Distribution Channel, 2019-2029
Chart Bulgaria Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Bulgaria Spirits Market by Distribution Channel, 2019-2029
Table Bulgaria Spirits Market Share (%), by Companies, 2019-2023
Chart Bulgaria Spirits Market, by Companies, 2023
Table Bulgaria Spirits Market Share (%), by Brands, 2019-2023
Chart Bulgaria Spirits Market, by Brands, 2023
Table Bulgaria – Population (Millions) and Forecast
Table Bulgaria – Consumer Price Index (CPI) and Forecast
Table Bulgaria – Gross Domestic Product and Forecast
Table Bulgaria Spirits Market: Spend as a Proportion of GDP (%)
Table Bulgaria Spirits Market: Consumption per Capita (Population)

Companies Mentioned

William Grant & Sons Ltd.
VP Brands International SA
Vinprom Troyan AD
Vini Sliven OOD
Vinex Slavyantsi AD
Vinex Preslav AD
Vincom AD
Villa Yambol EAD
The Edrington Group Limited
Suntory Holdings Limited
Stock Spirits Group PLC
SIS Industries OOD
S.V.S. La Martiniquaise
Russian Standard Corporation
Pernod Ricard Group
LVK Vinprom Targovishte AD
FKP Sojuzplodoimport (FKPS)
Festa Holding Plc
Distillery Plomariou Isidorou Arvanitou
Diageo plc
Davide Campari-Milano S.p.A.
Coca-Cola HBC AG
Brown-Forman Corporation
Becle, S.A.B. de C.V.
Bacardi Limited