The wholesale sugar confectionery pastes market in the Netherlands was valued at EUR 66.381 million in 2023, with the market exhibiting several fluctuations over the past decade. From 2013 to 2015, the market displayed mild growth, peaking in 2014 at EUR 77.294 million. The subsequent years saw a decline, especially in 2017 and 2019 with sharp year-on-year declines of 9.05% and 9.81%, respectively. However, there has been some recovery post-2020 with a gradual increase from EUR 62.932 million in 2019 to EUR 66.381 million in 2023. Looking at the last five years, the Compound Annual Growth Rate (CAGR) showcases a slight decline of 0.99% per year from 2018 to 2023.
Forecasting future growth, the market value is projected to rise moderately, with anticipated growth to EUR 69.55 million by 2028 and a forecasted 5-year CAGR of 0.74%, resulting in a 3.76% overall increase from 2023 to 2028.
Future trends to watch for include:
- Shifts in consumer demand towards healthier and alternative sweeteners.
- Innovations in sugar confectionery pastes that cater to renewable and environmentally friendly production methods.
- Impacts of global sugar prices and trade policies on local markets.
- Potential shifts due to economic influences such as inflation and changes in consumer purchasing power.
