The confectionery market in Portugal, measured in volume, reached 107.06 million kilograms by 2023. The market witnessed growth fluctuations, with significant increases in 2015, 2017, 2018, and 2019. Despite a downturn in 2020 and 2021, the market managed to recover significantly in 2022 with a robust 12.7% increase, followed by a modest 2.59% growth in 2023. The compound annual growth rate (CAGR) for the last five years stands at 2.11%.
Future trends to watch:
- Increased demand for healthier and organic confectionery options driven by consumer health consciousness.
- Emergence of digital marketing and direct-to-consumer channels increasing product accessibility.
- Sustainability and eco-friendly packaging might influence competitive strategies.
How does Portugal rank in Confectionery Market Size Volume?
| # | 19 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,948,600,000 | 2023 | +0.053% | +0.79% | View data |
| 2 | 2 United Kingdom | 992,160,000 | 2023 | -0.26% | +0.088% | View data |
| 3 | 3 France | 819,960,000 | 2023 | -1.23% | -2.18% | View data |
| 4 | 4 Spain | 737,580,000 | 2023 | +1.48% | +0.84% | View data |
| 5 | 5 Italy | 623,390,000 | 2023 | -11.4% | -8.16% | View data |
| 7 | 7 Poland | 262,450,000 | 2023 | -5.03% | -4.1% | View data |
| 8 | 8 Romania | 154,820,000 | 2023 | +4.66% | +1.28% | View data |
| 9 | 9 Portugal | 107,060,000 | 2023 | +2.59% | +2.11% | |
| 10 | 10 Hungary | 105,430,000 | 2023 | +2.84% | +0.88% | View data |
| 11 | 11 Finland | 100,860,000 | 2023 | -0.14% | +0.76% | View data |
