The Liquorice Candies market in Spain has experienced a steady growth from 2013 to 2023, with a 2023 volume of 41.842 million kilograms. Over the last two years, the market saw a year-on-year growth of 3.83% in 2022 and 3.65% in 2023. The compounded annual growth rate over the last five years stands at 5.26%, indicating a consistent upward trend in market volume.
Future trends to watch for:
- Consumer preferences shifting towards healthier options might influence product formulations.
- The emergence of new flavors and ingredients could drive market differentiation.
- Sustainability practices may become a competitive advantage for market players.
- Potential regulatory changes in labeling and marketing could affect market dynamics.
