Key regions: Spain, Canada, Japan, South Korea, Russia
The Confectionery Market in D-A-CH is experiencing slow growth due to factors such as increasing health consciousness, demand for premium and indulgent snacks, and the convenience of online shopping. Despite the negligible growth rate, the market is driven by sub-markets such as Chocolate Confectionery and Ice Cream. However, the rising cost of raw materials and changing consumer preferences are impacting the overall growth rate of the Confectionery & Snacks Market in the region.
Customer preferences: According to recent market trends, consumers in the Confectionery Market of the Confectionery & Snacks Market within The Food market are showing a growing interest in plant-based and clean label products. This can be attributed to the increasing awareness around health and wellness, as well as ethical and environmental concerns. As a result, companies are launching more natural and sustainable options to cater to this demand, with a focus on transparency and ingredient sourcing.
Trends in the market: In D-A-CH, the Confectionery Market is seeing a shift towards healthier options, with consumers seeking out products made from natural ingredients and free from artificial additives. This trend is being driven by growing health consciousness and a desire for transparency in food production. Additionally, there is a rise in demand for premium and indulgent confectionery products, as consumers are willing to pay more for high-quality treats. This trend is expected to continue, with companies investing in product innovation and marketing to cater to these changing preferences. Moreover, the current focus on sustainability and ethical sourcing is also impacting the Confectionery Market, with consumers favoring brands that prioritize these values. This presents an opportunity for industry stakeholders to differentiate themselves and tap into the growing demand for socially responsible products.
Local special circumstances: In D-A-CH, the Confectionery market is heavily influenced by cultural preferences for high-quality, artisanal chocolates and pastries. This is reflected in the strong presence of small, local confectionery businesses and the popularity of traditional recipes. Additionally, strict regulations on food labeling and ingredients in Germany and Switzerland lead to a focus on natural and organic products. In Austria, there is a strong demand for gluten-free and lactose-free options, driven by the high prevalence of food allergies and intolerances in the country. These factors contribute to a unique market dynamic in D-A-CH, with a strong emphasis on quality, authenticity, and health-consciousness.
Underlying macroeconomic factors: The Confectionery Market of the Confectionery & Snacks Market within The Food market is heavily impacted by macroeconomic factors such as consumer spending, inflation rates, and trade policies. Countries with stable economies and high disposable incomes tend to have a higher demand for confectionery products, while those with low economic growth and rising inflation may see a decline in market growth. Fiscal policies, such as taxation and import/export regulations, also play a significant role in shaping the market landscape. Additionally, changing consumer preferences and increasing health consciousness are influencing the demand for healthier and more sustainable confectionery options, leading to a shift in product offerings and marketing strategies.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
