The hard candies market in Portugal has exhibited fluctuations over the last decade. In 2023, the market size reached 20.41 million Euros. After a decline from 2015 to 2019, the market experienced a gradual increase in the last few years, with a year-on-year growth of 1.89% in 2023. This positive trend continues from a 1.95% increase in 2022. The compound annual growth rate over the past five years stands at 0.99%, indicating a stable but modest upward trend.
Future trends to watch for include:
- Increasing consumer preference for health-conscious products, potentially leading to a demand for reduced-sugar and natural ingredient candies.
- Potential impacts of regulatory changes on sugar consumption and product formulation.
- Expansion of online retail channels offering a wider variety and personalization in confectionery products.
How does Portugal rank in Hard Candies Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 160,580,000 | 2023 | +1.4% | +1.7% | View data |
| 2 | 2 France | 152,890,000 | 2023 | -0.26% | -1.76% | View data |
| 3 | 3 Spain | 144,300,000 | 2023 | +3.02% | +2.83% | View data |
| 4 | 4 Greece | 35,605,000 | 2023 | +0.56% | +0.61% | View data |
| 5 | 5 Portugal | 20,410,000 | 2023 | +1.89% | +0.99% | |
| 6 | 6 Poland | 19,962,000 | 2023 | -10.64% | -9.5% | View data |
| 7 | 7 Austria | 13,812,000 | 2023 | +4.44% | +0.00072% | View data |
