From 2013 to 2023, the turnover in the sector showed an upward trend. The most significant year-on-year growth occurred in 2020 with 31.44%, reflecting strong market dynamics. From 2021 to 2023, the growth rates of 23.57% and 18.92% followed by a deceleration to 15.75% indicate possible market stabilization. The forecasted CAGR from 2024 to 2028 is 7.91%, showing moderate future growth.
Keeping an eye on fluctuations in raw material prices, changes in consumer preferences towards healthier options, and regulatory changes will be crucial for market players. Additionally, sustainability trends and technological innovations in production could significantly impact the sector’s growth trajectory.
