Definition:
The Confectionery market covers food items with a relatively high sugar. Confectionery has a variety of flavorings, colorings, and other components that give them their distinct taste, texture, and appearance. This market is divided into four submarkets: chocolate confectionery, ice cream, preserved pastry goods and cakes and sugar confectionery.
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.
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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
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Confectionery market in Czechia is experiencing negligible growth, influenced by factors such as changing consumer preferences, increasing health consciousness, and the convenience of online shopping. Sub-markets like Chocolate, Sugar Confectionery, Ice Cream and Preserved Pastry Goods & Cakes play a role in shaping the overall market, with advancements in technology and the availability of healthier options driving growth.
Customer preferences: In Czechia, there has been a growing demand for healthier and more natural confectionery options, driven by a rising awareness of the negative health effects of excessive sugar consumption. This has led to the emergence of a new market segment for organic and sugar-free confectionery products. Additionally, there is a growing preference for locally produced confectionery items, reflecting a desire for more sustainable and environmentally friendly choices among Czech consumers.
Trends in the market: In Czechia, the Confectionery Market within The Food market is experiencing a shift towards healthier options, driven by increasing health consciousness among consumers. This trend is reflected in the rising demand for sugar-free and organic confectionery products. Additionally, there is a growing demand for premium confectionery products, as consumers are willing to spend more on indulgent treats. This trend is expected to continue, with companies investing in new product development and marketing strategies to cater to these changing consumer preferences. Industry stakeholders should focus on innovation and differentiation to stay competitive in this evolving market.
Local special circumstances: In Czechia, the Confectionery market is heavily influenced by the country's rich tradition of artisanal chocolate and pastry making. This cultural aspect has led to a strong demand for high-quality and locally sourced ingredients in confectionery products. Additionally, the country's strict regulations on food labeling and ingredient sourcing have created a competitive landscape for confectionery brands to differentiate themselves. The market is also affected by the country's growing health consciousness, with a rise in demand for healthier alternatives, such as sugar-free and organic confectionery products.
Underlying macroeconomic factors: The Confectionery Market of the Confectionery & Snacks Market within The Food market is heavily influenced by macroeconomic factors such as consumer spending, disposable income levels, and trade policies. Countries with a strong economy and high disposable income levels tend to have higher demand for confectionery products, while countries with trade barriers and tariffs on imported goods may see a decrease in demand for foreign confectionery brands. Additionally, fluctuations in global commodity prices, such as sugar and cocoa, can impact the overall cost of production for confectionery products and ultimately affect market performance.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights