Between 2024 and 2028, Italy's production of toffees, caramels, and similar sweets is projected to grow steadily, increasing from 113.54 million kilograms in 2024 to 129.77 million kilograms in 2028. This represents an annual increase of approximately 2% to 3%, with the compound annual growth rate (CAGR) for the five-year period being around 3.4%. In 2023, the actual production level stood slightly below the 2024 forecast, underscoring a positive outlook for the sector.
Future trends to watch for:
- Shifts in consumer preferences towards healthier confectionery options, potentially impacting traditional sweet production.
- Impact of economic conditions on consumer spending power and production costs in the confectionery industry.
- Influence of sustainability practices on production processes and product offerings in the sweet sector.