The sugar confectionery market in Austria experienced fluctuations over the recent decade. From 2012 to 2017, the market showed a generally increasing trend, peaking in 2017 at €185.91 million Euros. However, from 2018 onwards, the market faced a gradual decline, hitting a low of €162.80 million Euros in 2020, before modestly recovering to €171.64 million Euros in 2021 and €170.28 million Euros in 2022. The year-on-year variations highlight significant volatility, with the largest decrease of 7.52% in 2012 and the biggest increase of 7.86% in 2013. The 5-year CAGR reveals an average annual decline of -1.74% from 2017 to 2022.
Future trends to watch for in the sugar confectionery market include increased demand for healthier and sugar-free alternatives, sustainability initiatives affecting product packaging and sourcing, and technological advancements influencing production processes and product innovation. Additionally, consumer preferences shifting towards premium and artisanal confectioneries may shape the market dynamics moving forward.
How does Austria rank in Sugar Confectionery Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,907,600,000 | 2023 | +0.91% | +2.04% | View data |
| 2 | 2 Germany | 1,812,100,000 | 2023 | -1.35% | -4.45% | View data |
| 3 | 3 Italy | 1,389,600,000 | 2023 | -0.29% | -0.4% | View data |
| 4 | 4 France | 1,201,900,000 | 2023 | -1.53% | -1.28% | View data |
| 5 | 5 Spain | 972,420,000 | 2023 | +1.47% | +0.93% | View data |
| 8 | 8 Sweden | 200,710,000 | 2023 | +1.35% | +1.34% | View data |
| 9 | 9 Belgium | 194,130,000 | 2023 | +0.24% | -1.03% | View data |
| 10 | 10 Austria | 177,280,000 | 2023 | +1.61% | -0.36% | |
| 11 | 11 Romania | 171,640,000 | 2023 | +2.88% | +2.04% | View data |
| 12 | 12 Portugal | 154,120,000 | 2023 | +3.58% | +1.43% | View data |
