The sugar confectionery market in Belgium experienced fluctuations in value from 2012 to 2022. Starting at €203.42 million in 2012, the market saw a significant drop to €169.29 million by 2014. A recovery phase began post-2014, driven by consistent year-on-year growth until 2018, reaching €204.4 million. However, there was a decline in 2019, followed by slight year-on-year increments leading to €193.66 million in 2022. The last five years show a CAGR of -0.87%, highlighting a minor contraction.
Future trends to watch include potential market stabilization and growth due to innovative product varieties and healthier alternatives catering to evolving consumer preferences. Additionally, watch for industry adaptation to regulatory changes and economic factors impacting consumer spending patterns.
How does Belgium rank in Sugar Confectionery Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,907,600,000 | 2023 | +0.91% | +2.04% | View data |
| 2 | 2 Germany | 1,812,100,000 | 2023 | -1.35% | -4.45% | View data |
| 3 | 3 Italy | 1,389,600,000 | 2023 | -0.29% | -0.4% | View data |
| 4 | 4 France | 1,201,900,000 | 2023 | -1.53% | -1.28% | View data |
| 5 | 5 Spain | 972,420,000 | 2023 | +1.47% | +0.93% | View data |
| 7 | 7 Denmark | 225,390,000 | 2023 | -0.76% | -0.22% | View data |
| 8 | 8 Sweden | 200,710,000 | 2023 | +1.35% | +1.34% | View data |
| 9 | 9 Belgium | 194,130,000 | 2023 | +0.24% | -1.03% | |
| 10 | 10 Austria | 177,280,000 | 2023 | +1.61% | -0.36% | View data |
| 11 | 11 Romania | 171,640,000 | 2023 | +2.88% | +2.04% | View data |
