Between 2012 and 2022, the sugar confectionery market in Belgium experienced notable fluctuations. The value per capita peaked in 2012 at 18.32 EUR and saw a nadir in 2014 at 15.1 EUR. From 2015 onwards, a gradual recovery was observed with slight increases until 2017, reaching 17.79 EUR. A mild decline ensued in recent years, resulting in a value of 16.72 EUR per capita in 2022. Notably, between 2020 and 2021, the market saw a stagnation with almost negligible year-on-year variation, a trend continuing into 2022. The 5-year CAGR indicates a modest average annual growth, signalling a recovering yet unstable market.
Future trends to watch for include potential impacts of health trends reducing sugar intake, shifts towards organic and premium products, and economic factors influencing consumer spending power. Innovative product offerings and marketing strategies may drive market value changes. Monitoring these aspects will be crucial for predicting the market's trajectory in the coming years.
How does Belgium rank in Sugar Confectionery Market Size Value Per Capita?
| # | 18 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 51.06 | 2023 | View data | ||
| 2 | 2 Denmark | 40.81 | 2023 | View data | ||
| 3 | 3 Estonia | 28.59 | 2023 | View data | ||
| 4 | 4 United Kingdom | 28.18 | 2023 | View data | ||
| 5 | 5 Italy | 23.19 | 2023 | View data | ||
| 10 | 10 Lithuania | 18.26 | 2023 | View data | ||
| 11 | 11 France | 17.66 | 2023 | View data | ||
| 12 | 12 Belgium | 16.71 | 2023 | |||
| 13 | 13 Croatia | 15.96 | 2023 | View data | ||
| 14 | 14 Latvia | 14.63 | 2023 | View data | ||
