In 2023, Italy dominates European production of toffees and caramels with the highest share, despite an 8.86% year-on-year decline. Germany and the United Kingdom follow, maintaining steady shares with minor positive changes. Notably, Denmark saw a significant surge in production by 22.77%, outpacing other smaller contributing countries. Spain, Poland, and several Eastern European countries experienced modest declines, impacting their overall market presence. Over a five-year span, these trends delineate a competitive but stable market for these confectionaries.
Future trends to watch include potential growth in Scandinavian markets, evidenced by Finland's recent uptick, and increasing regional diversification across Europe as smaller markets leverage local specialty production. Innovations in flavor profiles and sustainable production methods could also influence these markets' dynamics.
Top countries in Sold Production of Toffees, Caramels and Similar Sweets Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41.13 | 2023 | +13.85% | -8.86% | View data |
| 2 | 2 Germany | 23.11 | 2023 | +0.026% | +1% | View data |
| 3 | 3 United Kingdom | 13.09 | 2023 | -0.48% | +0.047% | View data |
| 4 | 4 Poland | 12.04 | 2023 | -0.9% | -2.72% | View data |
| 5 | 5 France | 2.89 | 2021 | -1.05% | View data | |
| 6 | 6 Spain | 1.49 | 2023 | -2.04% | -3.57% | View data |
| 7 | 7 Romania | 1.01 | 2023 | -0.13% | -0.31% | View data |
| 8 | 8 Serbia | 0.92 | 2023 | +3.63% | +2.35% | View data |
| 9 | 9 Portugal | 0.91 | 2023 | +6.02% | +1.56% | View data |
| 10 | 10 Croatia | 0.86 | 2023 | -1.48% | -0.55% | View data |
