The Sugar Confectionery Market in Belgium has experienced fluctuating trends over the past decade. From 2012 to 2015, the market saw steady growth, peaking in 2015. However, there was a significant decline in 2016. Subsequent years witnessed varied performance, with notable drops in 2016 and 2017, and a recovery phase beginning in 2018. From 2018 to 2022, the market stabilized around the 57 million kilograms mark.
In 2023, the market stood at an estimated 57.3 million kilograms, close to the values observed in the preceding years. Year-on-year variation for 2021 and 2022 was minor, with slight increases both years. Over the last five years, the market has exhibited a compound annual growth rate (CAGR) of approximately 2.17%, indicating a stabilizing trend after previous fluctuations.
Future trends to watch for:
- Potential impacts of health-conscious consumer behavior leading to demand shifts.
- Innovation and diversification in sugar-free and low-sugar confectionery products.
- Impact of regulatory changes aimed at reducing sugar consumption.
- Potential market disruptions from economic factors and global supply chain issues.
How does Belgium 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 |
6 | 6 Netherlands | 140,870,000 | 2023 | +1.39% | +1.78% | View data |
7 | 7 Belgium | 59,046,000 | 2023 | +0.32% | +0.16% | |
8 | 8 Finland | 47,656,000 | 2023 | +0.85% | +1.81% | View data |
9 | 9 Denmark | 43,924,000 | 2023 | +0.99% | +0.56% | View data |