Confectionery - Northern Europe | Statista Market Forecast

Revenue in the Confectionery market amounts to US$14.55bn in 2024. The market is expected to grow annually by 4.14% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$84bn in 2024).
In relation to total population figures, per person revenues of US$429.60 are generated in 2024.
In the Confectionery market, volume is expected to amount to 1.61bn kg by 2029. The Confectionery market is expected to show a volume growth of 2.0% in 2025.0.
The average volume per person in the Confectionery market is expected to amount to 43.2kg in 2024.

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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Chocolate products
Sugar confectionery
Ice Cream
Preserved Pastry Goods & Cakes

Nuts
Dried fruit snacks
Chocolate spreads
Desserts
Jams
Out-of-home consumption

The Confectionery market in Northern Europe is facing slow growth due to various factors such as changing consumer preferences, health concerns, and competition from healthier snack options. Despite this, the market for Chocolate Confectionery, Sugar Confectionery, Ice Cream, and Preserved Pastry Goods & Cakes remains strong, driven by the convenience and indulgence they offer to consumers. However, increasing health awareness and changing dietary habits could potentially impact the growth rate of the overall Confectionery & Snacks Market in Northern Europe.

Customer preferences: With a focus on health and wellness, consumers in Northern Europe are gravitating towards healthier options in the Confectionery market. This includes a rise in demand for sugar-free and plant-based confections, as well as a shift towards organic and natural ingredients. Additionally, there is a growing trend towards sustainability, with consumers seeking out environmentally friendly packaging and fair trade certifications in their confectionery purchases.

Trends in the market: In Northern Europe, the Confectionery Market of the Confectionery & Snacks Market within The Food market is seeing a shift towards healthier options, with a rise in demand for organic and natural ingredients. This trend is driven by consumer awareness of health and wellness, and the desire for clean label products. Additionally, there is a growing market for sustainable and ethically-sourced confectionery products. These trends present opportunities for industry stakeholders to tap into new and emerging markets, while also addressing consumer concerns and staying ahead of regulatory changes.

Local special circumstances: In Northern Europe, the Confectionery market is heavily influenced by the region's strong sweet tooth and high disposable income. Additionally, strict regulations on food labeling and ingredients have led to a focus on natural and organic products. The market is also heavily influenced by the culture of gifting and celebrating with sweets, leading to a demand for unique and high-quality confectionery products. Furthermore, the cold climate in Northern Europe has created a demand for indulgent and comforting treats, driving innovation in the market.

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, population demographics, and economic growth. Countries with strong economic growth and high consumer spending power tend to have a larger demand for confectionery products, leading to increased market growth. Additionally, favorable fiscal policies and investment in food and beverage industries can further stimulate market growth. However, regions with economic instability and low consumer spending power may experience slower market growth due to reduced demand for premium confectionery products.

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.