The toffees, caramels, and similar sweets market in Ireland showed a significant decline over the past decade. From 2013 to 2023, the market value fell from €17.6 million to €10.507 million, indicating an overall contraction. Notably, the years 2022 and 2023 exhibited continued decline with year-on-year decreases of 14.21% and 4.63% respectively. The latest five-year CAGR stands at -3.83%, reflecting the sustained negative trend in this sector.
Future trends to watch for include:
- Changing consumer preferences towards healthier alternatives which may continue impacting traditional sweets market.
- Potential innovations in healthier or functional confectionery that might attract consumer interest.
- Economic factors and disposable income levels affecting consumer spending on non-essential items like sweets.
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 259,920,000 | 2023 | +1.56% | -2.16% | View data |
| 2 | 2 Poland | 101,520,000 | 2023 | -2.39% | -4.13% | View data |
| 3 | 3 France | 67,005,000 | 2023 | -0.43% | +2.43% | View data |
| 4 | 4 Romania | 21,091,000 | 2023 | +2.61% | +1.85% | View data |
| 5 | 5 Sweden | 14,691,000 | 2023 | +0.63% | +0.23% | View data |
| 7 | 7 Finland | 11,751,000 | 2023 | +0.64% | +2.33% | View data |
| 8 | 8 Portugal | 11,715,000 | 2023 | -0.39% | -1.47% | View data |
| 9 | 9 Ireland | 10,507,000 | 2023 | -4.63% | -3.83% | |
| 10 | 10 Croatia | 9,303,100 | 2023 | +2.79% | +1.84% | View data |
| 11 | 11 Estonia | 5,198,700 | 2023 | +5.29% | +0.82% | View data |
