The hard candies market in Portugal reached a volume of 4.3775 million kilograms in 2023. The market has shown fluctuations over the past decade, with noticeable declines between 2018 to 2020, followed by a recovery phase. The year-on-year growth since 2021 has been positive but modest, resulting in a 2.94% increase in 2023. The five-year CAGR reflects a slow growth trajectory of 1.79%, indicating a stabilized market after earlier volatility.
Future trends to watch for include:
- Increased demand for sugar-free and organic hard candies, aligning with health-conscious consumer trends.
- Potential market expansion through innovative flavors and packaging strategies aimed at younger demographics.
- Growth in e-commerce channels, expanding the reach for niche and artisanal brands.
How does Portugal 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% | |
| 6 | 6 Greece | 4,070,100 | 2023 | -7.64% | -7.22% | View data |
| 7 | 7 Czech Republic | 2,861,300 | 2023 | +0.72% | +1.16% | View data |
