The confectionery market size value per capita in Latvia increased significantly from 2013 to 2023, reaching 54.42 Euros per capita. Over the last two years, 2022 and 2023, the market grew by 6.3% and 6.34%, respectively. The five-year compound annual growth rate (CAGR) stood at 5.35%, indicating a robust expansion in consumer spending on confectionery.
Future trends to watch for include potential market saturation and changes in consumer preferences towards healthier options, which might impact growth. Additionally, economic fluctuations and lifestyle shifts could alter spending patterns in the confectionery sector.
How does Latvia rank in Confectionery Market Size Value Per Capita?
| # | 18 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 154.32 | 2023 | View data | ||
| 2 | 2 Denmark | 138.47 | 2023 | View data | ||
| 3 | 3 Germany | 100.13 | 2023 | View data | ||
| 4 | 4 France | 91.75 | 2023 | View data | ||
| 5 | 5 United Kingdom | 89.38 | 2023 | View data | ||
| 10 | 10 Italy | 62.55 | 2023 | View data | ||
| 11 | 11 Sweden | 55.19 | 2023 | View data | ||
| 12 | 12 Latvia | 54.42 | 2023 | |||
| 13 | 13 Portugal | 50.89 | 2023 | View data | ||
| 14 | 14 Czech Republic | 50.69 | 2023 | View data | ||
