The Toffees, Caramels, and Similar Sweets market in Latvia has experienced a declining trend in value per capita over the past decade, dropping from €2.62 in 2013 to €1.34 in 2023. Over the last two years, the market saw a year-on-year decrease of approximately 4.93% in 2023 and an average annual contraction of 2.7% over the last five years. This steady decline suggests changing consumer preferences and market dynamics.
Future trends to watch:
- Growing health awareness may continue to impact consumer choices, favoring healthier options.
- Innovations in healthier sweet alternatives could alter market trajectories.
- Economic factors influencing disposable income and purchasing power could affect market recovery or further decline.
How does Latvia rank in Toffees, Caramels and Similar Sweets Market Size Value Per Capita?
| # | 13 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 3.89 | 2023 | View data | ||
| 2 | 2 Italy | 3.63 | 2023 | View data | ||
| 3 | 3 Poland | 2.49 | 2023 | View data | ||
| 4 | 4 Croatia | 2.27 | 2023 | View data | ||
| 5 | 5 Ireland | 2.19 | 2023 | View data | ||
| 6 | 6 Finland | 2.11 | 2023 | View data | ||
| 7 | 7 Latvia | 1.34 | 2023 | |||
| 8 | 8 Sweden | 1.33 | 2023 | View data | ||
| 9 | 9 Portugal | 1.13 | 2023 | View data | ||
