The confectionery market in Latvia grew significantly from 54.125 million Euros in 2013 to 101.64 million Euros in 2023, highlighting a robust growth trajectory. The sector experienced substantial fluctuations, notably in 2019 with a year-on-year growth of 30.19%. Over the last five years, the market achieved a compound annual growth rate (CAGR) of 9.77%, indicating strong performance. In the final two years, despite emerging challenges, the market maintained upward momentum with positive year-on-year variations of 8.54% in 2022 and 5.75% in 2023.
**Future Trends to Watch For:**
- Increased focus on healthier and sustainable confectionery products.
- Potential impact of economic fluctuations and supply chain issues.
- Emergence of digital platforms reshaping consumer buying habits.
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,641,400,000 | 2023 | -1.68% | -0.58% | View data |
| 2 | 2 France | 6,374,900,000 | 2023 | +0.38% | -0.27% | View data |
| 3 | 3 United Kingdom | 6,088,300,000 | 2023 | -0.75% | +0.46% | View data |
| 4 | 4 Italy | 4,039,100,000 | 2023 | +3.02% | -3.47% | View data |
| 5 | 5 Spain | 3,579,100,000 | 2023 | +1.74% | +2% | View data |
| 16 | 16 Slovenia | 150,560,000 | 2023 | +2.58% | +1.79% | View data |
| 17 | 17 Lithuania | 109,830,000 | 2023 | +0.43% | -1.73% | View data |
| 18 | 18 Latvia | 101,640,000 | 2023 | +5.75% | +9.77% | |
