The Liquorice Candies market in Spain has seen steady growth in euros per capita from 2013 to 2023, reaching 2.94 euros in 2023. The market experienced fluctuations, notably a decrease in 2019 and 2020, followed by a recovery. The year-on-year growth for 2022 was 2.13%, and for 2023, it stood at 2.08%. The Compound Annual Growth Rate (CAGR) over the last five years was approximately 1.06%.
Future trends to watch for include:
- Potential market saturation, indicating slower growth rates.
- An increasing demand for healthier options, which may affect product formulation and market dynamics.
- Economic factors and changing consumer preferences influencing spending patterns.