The hard candies market in Hungary has experienced significant fluctuations from 2013 to 2023. In 2023, the market size stood at 1.3929 million kilograms. Year-on-year variation indicates a decrease in most years, with notable growth in 2017. The last two years have seen a slight decline. Over the last five years, the market experienced an average yearly contraction, with a compound annual growth rate of -2.01%.
Future trends to watch for:
- Innovation in flavor and natural ingredients to meet changing consumer preferences.
- Potential impact of sugar reduction initiatives on product formulation.
- Importance of sustainability in packaging as a competitive differentiator.
- Growth of online retail and direct-to-consumer channels may influence sales dynamics.
- Possible influence of health-focused trends on market recovery.
How does Hungary rank in Hard Candies Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 37,837,000 | 2023 | +0.82% | +0.44% | View data |
| 2 | 2 Spain | 27,443,000 | 2023 | +1.61% | +0.86% | View data |
| 3 | 3 France | 23,823,000 | 2023 | -0.59% | -2.25% | View data |
| 4 | 4 Poland | 10,120,000 | 2023 | -2.94% | -1.08% | View data |
| 5 | 5 Portugal | 4,377,500 | 2023 | +2.94% | +1.79% | View data |
| 9 | 9 Ireland | 1,868,800 | 2023 | -0.88% | -1.32% | View data |
| 10 | 10 Croatia | 1,734,200 | 2023 | -5% | -4.6% | View data |
| 11 | 11 Hungary | 1,392,900 | 2023 | -0.54% | -2.01% | |
| 12 | 12 Latvia | 1,089,700 | 2023 | +3.23% | +1.71% | View data |
| 13 | 13 Estonia | 786,090 | 2023 | -0.16% | +3.83% | View data |
