The Compressed Tablets of Sugar Confectionery Market in the UK has demonstrated notable fluctuations over the past decade. Starting from a value of 94.214 Million Euros in 2012, the market saw a sharp increase in 2015, peaking at 133.5 Million Euros. However, it experienced a downward trend in the subsequent years, dipping to 115.34 Million Euros in 2018. A gradual recovery was observed from 2019 onwards, with the market reaching 126.18 Million Euros in 2022. Over the last two years, the market showed modest growth with values rising by 1.74% in 2020 and 1.65% in 2021. The average yearly variation (CAGR) over the past five years stands at 1.57%, indicating a slow but steady climb.
Key Points:
- Significant growth in 2015 followed by a decline and subsequent recovery from 2019 onwards.
- Recent yearly growth rates indicate modest recovery with a less than 2% increase year-on-year in the last two years.
- A CAGR of 1.57% from 2018 to 2022 shows a stabilized market with gradual growth.
Future Trends to Watch For:
- Continued steady growth driven by consumer demand for healthier and innovative sugar confectionery products.
- Potential market disruptions due to regulatory changes and health awareness campaigns.
- Increased competition from alternative sugar-free and low-sugar confectionery options.
