The sugar confectionery market in Estonia experienced fluctuations between 2013 and 2023, marked by a general decline. By 2023, the market size volume was 5.16 million kilograms, showing a slight decline compared to the previous year. Over the decade, the market saw significant dips, particularly in 2016, 2018, and 2020, with brief recoveries in 2017 and 2021. The Compound Annual Growth Rate (CAGR) over the past five years was a marginal decline, indicating a shrinking market.
Future trends to watch:
- Emerging health-conscious trends may impact sugar confectionery consumption further.
- Innovation in low-sugar or alternative sweetened products could offer new growth opportunities.
- Economic factors and consumer preferences in Estonia could lead to increased demand for premium or exotic confectionery goods.
How does Estonia rank in Sugar Confectionery Market Size Volume?
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 498,970,000 | 2023 | +0.1% | -0.38% | View data |
| 2 | 2 United Kingdom | 403,890,000 | 2023 | +0.63% | +1.22% | View data |
| 3 | 3 France | 212,400,000 | 2023 | -0.47% | -1.18% | View data |
| 4 | 4 Spain | 187,490,000 | 2023 | +1.49% | +0.78% | View data |
| 5 | 5 Italy | 171,120,000 | 2023 | +0.22% | +0.86% | View data |
| 16 | 16 Croatia | 9,683,200 | 2023 | +1.78% | +0.63% | View data |
| 17 | 17 Bulgaria | 8,741,400 | 2023 | -2.25% | -5.21% | View data |
| 18 | 18 Estonia | 5,160,000 | 2023 | -0.66% | -0.45% | |
