The sugar-coated candies market in the UK has exhibited moderate fluctuations over the past decade. In 2023, the market size volume stood at 28.235 million kilograms. Between 2013 and 2023, there have been both significant surges and declines. The most pronounced growth was observed from 2013 to 2014 with a 31.92% increase, while the largest decline occurred between 2018 and 2019 at -6.37%. Over the last five years, the compound annual growth rate (CAGR) has been relatively stable at 0.4%. Moving forward, the market is expected to grow at a forecasted CAGR of 0.85% over the next five years, reaching 29.794 million kilograms by 2028.
Future trends to watch for:
- Shifts in consumer preferences towards healthier alternatives.
- Impact of regulatory changes on sugar content and marketing.
- Innovations in product offerings and packaging.
- Potential impacts of economic conditions on discretionary spending.
- Influence of seasonal and cultural factors on candy consumption patterns.
