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: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Confectionery & Snacks Market in Estonia is seeing slow growth, influenced by factors such as changing consumer preferences, increasing health consciousness, and rising competition. The demand for healthier options and sustainable production methods is also impacting the market's growth rate.
Customer preferences: Consumers in Estonia are increasingly turning towards healthier snacking options, such as plant-based and low-sugar snacks, as they become more health-conscious. This trend is driven by the rising prevalence of lifestyle diseases and the growing awareness of the link between diet and health. There is also a growing demand for organic and sustainably sourced ingredients in confectionery products, reflecting consumers' growing concern for the environment and ethical consumption. Additionally, there is a shift towards premium and indulgent treats, as consumers look for ways to reward themselves amidst the challenging times.
Trends in the market: In Estonia, the Confectionery market is experiencing a shift towards healthier and more sustainable options, with consumers seeking out products with natural ingredients and reduced sugar content. This aligns with the overall trend in the Confectionery & Snacks Market within The Food market, where there is a growing demand for healthier snacking options. This trend is expected to continue as consumers become more health-conscious and actively seek out products that align with their values. For industry stakeholders, this presents opportunities for innovation and diversification of product offerings, as well as potential challenges in meeting changing consumer preferences.
Local special circumstances: In Estonia, the Confectionery Market of the Confectionery & Snacks Market within The Food market is influenced by the country's strong tradition of producing high-quality, natural, and organic products. This emphasis on quality and purity is reflected in the use of local ingredients and traditional recipes, which sets it apart from other markets. Additionally, the country's small size and relatively homogenous population create a close-knit community, resulting in a strong sense of brand loyalty among consumers. Furthermore, Estonia's strict food regulations and labeling requirements ensure transparency and trust in the market, driving the demand for healthier and more sustainable confectionery options.
Underlying macroeconomic factors: The Confectionery Market in Estonia is heavily influenced by macroeconomic factors such as consumer spending power, population demographics, and foreign trade policies. The country's stable economic growth and increasing disposable income have fueled the demand for confectionery products, especially premium and imported brands. The government's favorable fiscal policies and investments in the food industry have also contributed to the market's growth. However, the rising health consciousness among consumers and the introduction of sugar taxes may pose challenges for the market in the future. Additionally, the country's integration with the European Union has opened up opportunities for international trade, allowing for the entry of new players and a wider variety of products in the market.
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