In 2023, the sold production of toffees, caramels, and similar sweets in Italy stood at an actual value. From 2024 onwards, forecasts indicate steady growth in value, beginning with 317.97 million Euros. By 2025, it reaches 325.66 million Euros, and by 2028, it escalates to 348.28 million Euros. Analyzing the year-on-year variations, the forecasted increase from 2024 to 2025 is approximately 2.4%, continuing similarly to 2028. The Compound Annual Growth Rate (CAGR) for this period is expected to follow a consistent upward trend.
Future trends to watch for include:
- Increased demand for premium and artisanal sweets, which could drive higher production values.
- The impact of health-conscious consumer preferences prompting shifts towards healthier sweet options.
- Potential influences of technological advancements in production efficiency, affecting overall output and costs.