In Romania, the market for chocolate products with added cereal, fruit, or nuts has shown variability over the past decade. From 2013 to 2019, the market exhibited steady growth, peaking at 65.273 million euros in 2019. This upward trend was disrupted in 2020 and 2021, reflecting the market's sensitivity to external conditions, before recovering significantly in 2022 with an 18.24% year-on-year growth. In 2023, the market stood at 70.857 million euros, marking a 3.75% increase from the previous year. The compounded annual growth rate (CAGR) for the last five years settled at 3.03%, showing a moderate upward trajectory.
Future trends to watch for:
- Increased consumer preference for healthier snacking options, which may encourage innovation in products with natural and nutritious additives.
- Potential market saturation, which might challenge growth rates unless differentiated products are introduced.
- Impacts of economic changes on discretionary spending, influencing consumer purchasing power and demand.
- Expansion of e-commerce and digital marketing to reach broader consumer bases.
How does Romania rank in Chocolate Blocks, Slabs or Bars with Added Cereal, Fruit or Nuts Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,030,000,000 | 2023 | -0.46% | +1.66% | View data |
| 2 | 2 France | 355,130,000 | 2023 | +1.75% | +1.9% | View data |
| 3 | 3 Spain | 157,500,000 | 2023 | -1.13% | -0.34% | View data |
| 4 | 4 Greece | 81,033,000 | 2023 | +2.65% | +3.3% | View data |
| 5 | 5 Romania | 70,857,000 | 2023 | +3.75% | +3.03% | |
| 6 | 6 Denmark | 39,780,000 | 2023 | +0.57% | +1.39% | View data |
| 7 | 7 Slovenia | 18,408,000 | 2023 | +0.12% | -0.23% | View data |
