The Italian sugar confectionery market size volume stood at 171.12 million kilograms in 2023. Analyzing the trends, there was a modest increase in 2023 by 0.22% year-on-year, reflecting steady market conditions. Over the past five years from 2018 to 2023, the compound annual growth rate (CAGR) was 0.86%, indicating a slow but consistent growth trajectory.
Future projections suggest a continuous, albeit slight, upward trend with the market forecasted to reach 173.09 million kilograms by 2028. The forecasted five-year CAGR stands at 0.18%, signifying moderate market growth over this period with an overall growth rate of 0.9% from 2024 to 2028.
- In 2013, the market experienced a minor year-on-year growth of 0.57%.
- The following years saw fluctuations with a noticeable decline of 4.13% in 2015.
- Between 2018 and 2019, the market experienced significant upticks of 6.45% and 6.06% respectively.
- From 2020 to 2023, the market remained relatively stable with minor fluctuations.
Future trends to watch for include changes in consumer preferences towards healthier options, potential regulatory changes impacting sugar content, and innovations in product offerings that may drive market dynamics. Observing the impact of these factors will be crucial for anticipating shifts in the market landscape.
