Over the period from 2013 to 2023, the sugar-coated candies market in Belgium has experienced fluctuating growth. In 2023, the market size stood at 24.717 million Euros. Despite the decline in earlier years, notable years such as 2017, 2021, and 2022 saw significant recovery and growth. The latest trend from 2022 to 2023 showed a stable increase of 3.33% and a CAGR of 2.78%, depicting a steady upward trajectory.
The forecasted data from 2024 onwards indicate a consistent growth trend, with a forecasted CAGR of 2.3% over the next five years, reaching a market size of 28.58 million Euros by 2028. This suggests a positive outlook with an anticipated growth rate of 12.06% over the 5-year period.
Future trends to watch for include:
- Increased consumer preference for healthier alternatives, which may drive innovation in sugar-coated candies.
- Rising demand for premium and organic confectionery products.
- Potential impacts of economic fluctuations and regulatory changes affecting the sugar content in food products.
- The evolving e-commerce landscape, which could affect distribution channels and consumer purchasing behavior.
