The sugar confectionery containing cocoa market in Denmark stood at 3.3491 million kilograms in 2023. This represents a decrease of 5.26% year-over-year compared to 2022. Over the past five years, the compound annual growth rate (CAGR) has been -0.015%. The market has seen fluctuations, with significant declines from 2013 to 2016, followed by minor recoveries and occasional increases. The year 2020 showcased growth, potentially driven by pandemic-related consumption shifts, but this was not sustained in subsequent years.
Future trends to watch for:
- The market is projected to continue its decline, with a forecasted 5-year CAGR of -5.01% from 2024 to 2028.- By 2028, the market size is expected to decrease to 2.4477 million kilograms, marking a total decrease of 22.67% over the forecasted period.- Factors such as changing consumer preferences, health trends, and potential regulatory measures on sugar consumption may further influence this market.
