The Estonian market for toffees, caramels, and similar sweets reached a value of 5.1987 million euros in 2023. Over the last decade, the market has seen fluctuations, with significant growth in 2016 and 2017, and a notable decline in 2020. Positive growth resumed in 2021, continuing into 2023 with a 5.29% year-on-year increase. The compound annual growth rate (CAGR) over the last five years is 0.82%, indicating modest overall market expansion.
Future trends to watch include:
- Emerging consumer preferences for healthier and premium sweet options.
- Potential for innovation in product offerings, focusing on new flavors and packaging.
- The impact of economic conditions on discretionary spending in 2024.
- Expansion opportunities in export markets for Estonian confectionery products.
How does Estonia rank in Toffees, Caramels and Similar Sweets Market Size Value?
| # | 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 |
| 9 | 9 Ireland | 10,507,000 | 2023 | -4.63% | -3.83% | View data |
| 10 | 10 Croatia | 9,303,100 | 2023 | +2.79% | +1.84% | View data |
| 11 | 11 Estonia | 5,198,700 | 2023 | +5.29% | +0.82% | |
| 12 | 12 Hungary | 5,188,000 | 2023 | +0.51% | +1.16% | View data |
| 13 | 13 Latvia | 2,217,300 | 2023 | -10.06% | -7.32% | View data |
