Definition:
The Confectionery & Snacks market includes both confectionery and snacks subsegments. Confectionery is defined as foods with a relatively high sugar content, such as chocolate and chocolate products, sugar confectionery such as chewing gum, sweets, ice cream, preserved pastry goods and cakes. Snack Foods are typically eaten in between meals or as a quick bite.
Structure:
The market consists of two different submarkets:
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 Czechia has been experiencing negligible growth, influenced by factors such as changing consumer preferences, increased competition within sub-markets, and economic uncertainties. The overall market growth is impacted by the slow growth rate of the Snack Food sub-market, while the Confectionery sub-market shows steady growth. Factors such as health consciousness, convenience, and innovation in product offerings are expected to drive future growth in this market.
Customer preferences: As Czechia's population becomes more health-conscious, there has been a noticeable uptick in demand for healthier snack options such as low-sugar and high-protein snacks. This trend is also fueled by the growing number of young professionals and students who prioritize convenience and nutrition in their busy lifestyles. Additionally, there has been a rise in the popularity of plant-based and organic snacks, as consumers become more environmentally and socially conscious. These shifts in consumer preferences are driving the growth of the Confectionery & Snacks Market within The Food market in Czechia.
Trends in the market: In Czechia, the Confectionery & Snacks Market within The Food market is experiencing a shift towards healthier options, driven by a growing consumer focus on wellness and sustainability. This trend is reflected in the increasing demand for organic and all-natural snacks, as well as the introduction of plant-based and gluten-free options. Additionally, there is a rise in the availability of functional snacks, such as protein bars and energy bites, catering to consumers' desire for on-the-go and nutritious options. These trends are expected to continue in the coming years, presenting opportunities for industry players to diversify their product offerings and cater to evolving consumer preferences. However, this may also pose challenges for traditional confectionery and snack brands, as they navigate the demand for healthier alternatives.
Local special circumstances: In Czechia, the Confectionery & Snacks Market within The Food market is heavily influenced by the country's rich history and cultural traditions. Local delicacies, like Trdelník and Kolache, play a significant role in the market, catering to the preferences of Czech consumers. Additionally, strict food regulations and labeling laws, coupled with a growing demand for healthier snack options, have shaped the market dynamics. These factors have led to the rise of innovative snack products, such as organic fruit bars and gluten-free chips, to meet the evolving consumer demands in Czechia.
Underlying macroeconomic factors: The growth of the Confectionery & Snacks market in Czechia is heavily influenced by macroeconomic factors such as consumer spending, disposable income levels, and government policies. The country's strong economic growth and stable political environment have led to a rise in consumer confidence and purchasing power, driving demand for indulgent and convenient food options. Additionally, the increasing trend towards snacking and the growing popularity of imported, premium snacks have further fuelled market growth. However, fluctuations in exchange rates and rising production costs may hinder market growth in the coming years. Overall, favorable economic conditions and shifting consumer preferences are expected to continue driving the Confectionery & Snacks market in Czechia.
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