The not-filled boxed chocolate market in Ireland has consistently declined from 2013 to 2023, reaching 1.503 million kilograms in 2023. The year-on-year decrease has been noticeable, with a reduction of 7.5% in the last year. Over the five-year period from 2019 to 2023, the compound annual growth rate (CAGR) has been -6.3%, showcasing a steady downward trend in market size volume.
Future trends to watch for include:
- Shifts towards healthier options and alternative sweet treats which could further impact sales.
- Potential market consolidation or innovations in product offerings that may alter consumer preferences.
- The impact of sustainability practices and consumer consciousness on packaging and product ingredients.
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