The turnover in the cocoa, chocolate, and sugar confectionery sector in the UK, expressed in Billion Pounds Sterling, is expected to show a declining trend from 2024 to 2028. In 2023, the sector stood at 3.96 billion Pounds. Forecast shows a yearly decrease with an approximate year-on-year decline of around 1.8%. The compound annual growth rate (CAGR) over the next five years suggests an average annual decrease of roughly 1.5%. This decline can be attributed to various market dynamics including changing consumer preferences, health trends, and economic factors.

Future trends to watch for:

Potential impact of rising health consciousness and sugar reduction initiatives.
Influence of economic conditions on discretionary spending.
Innovation in product offerings, such as healthier alternatives and premium products.
Effect of supply chain disruptions on raw material costs and availability.