Key regions: Spain, Canada, Japan, South Korea, Russia
The Confectionery Market in Jordan is seeing minimal growth, influenced by factors such as consumer preferences for traditional sweets, limited availability of imported goods, and the presence of informal street vendors. This market is also impacted by the growing health consciousness of consumers, leading to a shift towards healthier options and reduced consumption of sugary treats. Despite these challenges, the Confectionery & Snacks Market in Jordan continues to thrive, driven by the demand for indulgent and convenient treats.
Customer preferences: Consumers in Jordan are increasingly seeking healthier snack options, leading to a rise in demand for organic and natural confectionery products. This shift is driven by a growing awareness of the negative health effects of consuming excessive amounts of sugar and artificial ingredients. Additionally, there is a trend towards indulging in smaller portions and sharing snacks, reflecting the cultural value of hospitality and community in Jordanian society.
Trends in the market: In Jordan, the confectionery market is experiencing a shift towards healthier options, as consumers become more health-conscious and seek out products with natural or functional ingredients. This trend is in line with global health and wellness trends, and has led to the introduction of new products such as sugar-free and organic confectionery. The trajectory of this trend is expected to continue, with a potential impact on the traditional confectionery market. Industry stakeholders may need to adapt their product offerings and marketing strategies to cater to this growing demand for healthier options. Additionally, there is a rise in e-commerce and online sales of confectionery products, presenting opportunities for manufacturers to reach a larger consumer base and expand their market share.
Local special circumstances: In Jordan, the Confectionery & Snacks Market within The Food market is heavily influenced by the country's geographical location, as it is a major trade hub connecting Europe, Africa, and Asia. This has led to a diverse range of products being available in the market, catering to different cultural preferences and tastes. Additionally, Jordan's regulatory environment is relatively lenient, allowing for easy market entry and competition. This has resulted in a highly competitive market, with companies constantly innovating and adapting to meet consumer demands. Furthermore, Jordan's young and urbanized population has a strong affinity for western brands, driving the popularity of international confectionery products in the market.
Underlying macroeconomic factors: The Confectionery Market of the Confectionery & Snacks Market within The Food market is greatly impacted by macroeconomic factors such as consumer spending, inflation rates, and government policies. Countries with stable economic conditions and high levels of disposable income tend to have a higher demand for confectionery products. On the other hand, countries with economic instability and high inflation rates may experience a decline in consumer spending, leading to a decrease in market growth. Government policies on food regulations and taxes also play a significant role in shaping the Confectionery Market, as they can either promote or hinder market growth. Moreover, global economic trends such as changing consumer preferences and trade policies can also impact the market performance of the Confectionery & Snacks Market within The Food 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.
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