Key regions: Philippines, South Korea, Canada, Japan, China
The Confectionery & Snacks market in D-A-CH is experiencing slow growth due to various factors such as changing consumer preferences, health concerns, and the introduction of healthier snack options. The overall food market growth rate in the region also has an impact, with consumers shifting towards more nutritious and sustainable food choices. However, the convenience and indulgence offered by these products continue to drive demand, leading to a steady growth rate.
Customer preferences: Consumers in the D-A-CH region are increasingly gravitating towards healthier snacking options, driving demand for plant-based and organic snack products. This trend is fueled by growing awareness of the benefits of a balanced diet and the importance of sustainability. Additionally, the rising popularity of flexitarian and vegan diets has led to an uptick in demand for vegetarian and vegan snack options. This shift towards healthier and more sustainable snacking choices reflects changing consumer priorities and a greater emphasis on overall wellness.
Trends in the market: In the D-A-CH region, the Confectionery & Snacks Market within The Food market has seen a shift towards healthier options as consumers become more health-conscious. This trend has been driven by the growing demand for organic and natural ingredients, as well as the rise of plant-based snacks. Additionally, there is a growing demand for sustainable packaging solutions, with companies investing in eco-friendly alternatives. These trends are expected to continue, presenting opportunities for industry stakeholders to innovate and cater to changing consumer preferences.
Local special circumstances: In Germany, the Confectionery & Snacks Market within The Food market is heavily influenced by the country's strong food culture and high demand for quality and organic products. The market is also impacted by strict regulations, such as the Lebensmittel- und Futtermittelgesetzbuch (LFGB), which ensures food safety and labeling standards. Switzerland's market, on the other hand, is driven by the country's luxury confectionery sector and the demand for premium, high-end products. The country's strict regulations on food imports and its reputation for high-quality products also contribute to the differentiation of the market.
Underlying macroeconomic factors: The Confectionery & Snacks Market within The Food market in the D-A-CH region is heavily influenced by macroeconomic factors. Global economic trends, such as the shift towards healthier snacking options and the increasing demand for convenience foods, have a significant impact on the market. Likewise, the national economic health of Germany, Austria, and Switzerland, the three countries that make up the D-A-CH region, plays a crucial role in market performance. Fiscal policies, such as taxes and subsidies, also have a direct influence on the prices and availability of confectionery and snacks in these countries. Other relevant financial indicators, such as consumer spending power and inflation rates, also affect the market's growth and profitability. Overall, the D-A-CH region's strong economic performance and consumer preferences for indulgent and convenient food options make it a lucrative market for confectionery and snacks.
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)
