Forecast: Confectionery Market Size Volume in Spain

The Spanish confectionery market volume has shown a fluctuating trend over the past decade, with notable growth and occasional dips. As of 2023, the market stood at 737.58 million kilograms, reflecting a modest year-on-year increase of 1.48%. The volume experienced a consistent upward trend from 2013, with some fluctuations, particularly a drop in 2020 by 6.29%, followed by recovery in 2021 with a significant rise of 12.67%. This volatility is evident through the compounded annual growth rate (CAGR), which was 0.84% over the past five years.

Future trends to watch for include:

  • Continued gradual growth with a forecasted 5-year CAGR of 1.08%.
  • Potential steady increase in consumer demand, pushing the market volume towards 789.61 million kilograms by 2028.
  • Impact of health trends on consumption patterns, potentially influencing product innovation and market dynamics.

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