Skip to main content
  1. Market Insights
  2. Consumer
  3. Food

Confectionery & Snacks - Azerbaijan

Azerbaijan
  • Revenue in the Confectionery & Snacks market amounts to US$2.18bn in 2024. The market is expected to grow annually by 5.70% (CAGR 2024-2029).
  • In global comparison, most revenue is generated United States (US$135bn in 2024).
  • In relation to total population figures, per person revenues of US$208.50 are generated in 2024.
  • In the Confectionery & Snacks market, volume is expected to amount to 348.30m kg by 2029. The Confectionery & Snacks market is expected to show a volume growth of 1.4% in 2025.0.
  • The average volume per person in the Confectionery & Snacks market is expected to amount to 31.0kg in 2024.

Definition:

The Confectionery & Snacks market includes both confectionery and snacks subsegments. Confectionery is defined as foods with a relatively high sugar content, such as chocolate and chocolate products, sugar confectionery such as chewing gum, sweets, ice cream, preserved pastry goods and cakes. Snack Foods are typically eaten in between meals or as a quick bite.

Structure:

The market consists of two different submarkets:

  • The Confectionery market covers foods with a relatively high sugar content. This market is divided into four subsegments: chocolate confectionery, ice cream, preserved pastry goods and cakes and sugar confectionery.
  • The Snack Food market covers sweet, savory, and salty snacks. This market is divided into three submarkets: cookies and crackers, potato chips, tortilla chips, flips, and pretzels.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Chocolate and sugar confectionery
  • Ice Cream
  • Cakes
  • Snack Food
  • Cookies and crackers

Out-Of-Scope

  • Chocolate/nut/nougat spreads
  • Peanut butter
  • Desserts
  • Out-of-home consumption
Confectionery & Snacks: market data & analysis - Cover

Market Insights report

Confectionery & Snacks: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Confectionery & Snacks market in Azerbaijan is experiencing minimal growth due to factors such as low consumer awareness and limited availability of online services. However, the market is expected to grow as digital technologies are adopted and health awareness increases among consumers. The convenience offered by online services could also drive market growth.

    Customer preferences:
    In Azerbaijan, there is a growing trend towards healthier snacking options as consumers become more health-conscious. This has led to an increase in demand for natural and organic snacks, as well as a rise in popularity for plant-based and functional snacks. Moreover, there is a growing interest in locally-sourced ingredients and traditional flavors, reflecting a desire for authentic and sustainable products. This shift in consumer preferences is also influenced by the increasing focus on wellness and a desire for guilt-free indulgence.

    Trends in the market:
    In Azerbaijan, the Confectionery & Snacks Market within The Food market is experiencing a rise in demand for healthier snack options, with more consumers turning towards low-calorie and organic products. This trend is expected to continue as the country's economy and consumer purchasing power grows. Additionally, there is a growing trend of incorporating traditional Azerbaijani flavors and ingredients into confectionery and snack products, catering to the local taste preferences. This presents opportunities for industry stakeholders to tap into the cultural identity of the market and offer unique and innovative products to meet consumer demands. With the rise of e-commerce and online shopping in the country, there is also a shift towards online sales and marketing strategies for confectionery and snack products, allowing for wider reach and increased visibility for brands. These trends are significant for the Confectionery & Snacks Market, as they provide opportunities for growth and innovation, while also highlighting the importance of catering to evolving consumer preferences. Industry stakeholders must stay abreast of these trends and adapt their strategies to stay relevant and competitive in the market.

    Local special circumstances:
    In Azerbaijan, the Confectionery & Snacks Market within The Food market is heavily influenced by its rich agricultural resources and cultural traditions. The country's abundance of fruits and nuts lends itself to a thriving market for traditional Azerbaijani sweets and snacks. Additionally, cultural customs such as gift-giving and tea drinking play a significant role in driving demand for confectionery and snacks. Furthermore, the country's strict halal certification requirements create a unique market for halal-certified snacks, catering to the Muslim population.

    Underlying macroeconomic factors:
    The Confectionery & Snacks Market in Azerbaijan is heavily influenced by macroeconomic factors such as consumer spending power, trade policies, and government regulations. As the country's economy has been growing steadily in recent years, there has been an increase in disposable income, leading to a rise in demand for food products such as confectionery and snacks. Additionally, the government's focus on promoting domestic production and reducing import dependency has created a favorable environment for local manufacturers, resulting in a boost in the market. However, fluctuations in global commodity prices and trade tensions may impact the cost of raw materials and ultimately affect the pricing and availability of confectionery and snacks in the market.

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

    Modeling approach:

    Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

    Consumer

    Access more Market Insights on Consumer topics with our featured report

    Confectionery & Snacks: market data & analysis - BackgroundConfectionery & Snacks: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Contact

    Get in touch with us. We are happy to help.