The UK compressed tablets of the sugar confectionery market stood at €128.11 million in 2023. Between 2013 and 2023, the market experienced fluctuations, with the most significant growth observed in 2015 (29.82%) and notable declines in 2017 (-10.08%). Over the last two years, the market grew modestly with year-on-year variations of 1.59% in 2022 and 1.53% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years up to 2023 was 2.12%. Looking ahead, the forecast indicates a CAGR of 1.08% from 2024 to 2028, reaching €137.2 million by 2028.
Future trends to watch for include consumer preferences shifting towards healthier options, innovation in sugar-free and low-calorie products, and potential impacts of economic factors on consumer spending. Additionally, regulatory changes regarding sugar content could influence market dynamics.
