Key Market Indicators
Confectionery consumption is projected to drop significantly over the next five years. According to recent data, the total consumption is expected to decline from approximately 28 million kilograms in 2023 to about 19 million kilograms by 2028. This represents a year-on-year compound annual growth rate (CAGR) decrease of 6.4%. The downturn aligns with a recent trend that saw demand fall by 5.1% year-on-year. Among the leading nations in confectionery consumption, the United Kingdom, France, and Spain hold the second, third, and fourth positions, respectively.
