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Confectionery & Snacks - Greece

Greece
  • Revenue in the Confectionery & Snacks market amounts to US$3.16bn in 2024. The market is expected to grow annually by 3.71% (CAGR 2024-2029).
  • In global comparison, most revenue is generated United States (US$135bn in 2024).
  • In relation to total population figures, per person revenues of US$307.10 are generated in 2024.
  • In the Confectionery & Snacks market, volume is expected to amount to 402.70m kg by 2029. The Confectionery & Snacks market is expected to show a volume growth of 3.0% in 2025.0.
  • The average volume per person in the Confectionery & Snacks market is expected to amount to 34.1kg in 2024.

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:

  • The Confectionery market covers foods with a relatively high sugar content. This market is divided into four subsegments: chocolate confectionery, ice cream, preserved pastry goods and cakes and sugar confectionery.
  • The Snack Food market covers sweet, savory, and salty snacks. This market is divided into three submarkets: cookies and crackers, potato chips, tortilla chips, flips, and pretzels.

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.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Chocolate and sugar confectionery
  • Ice Cream
  • Cakes
  • Snack Food
  • Cookies and crackers

Out-Of-Scope

  • Chocolate/nut/nougat spreads
  • Peanut butter
  • Desserts
  • Out-of-home consumption
Confectionery & Snacks: market data & analysis - Cover

Market Insights report

Confectionery & Snacks: market data & analysis

Study Details

    Revenue

    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

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Confectionery & Snacks Market in Greece is experiencing stagnant growth, influenced by factors such as changing consumer preferences, economic uncertainty, and stricter regulations on ingredients. Despite this, the convenience and indulgence offered by these products continue to drive demand in the market. Additionally, the trend towards healthier snacking options is also impacting the growth rate.

    Customer preferences:
    Consumers in Greece are increasingly turning towards healthier snacking options, such as organic, gluten-free, and plant-based snacks. This trend is driven by a growing awareness of the impact of diet on overall health and well-being. Additionally, there is a rising demand for convenient, on-the-go snacks that cater to busy lifestyles. As a result, there has been a surge in the availability of healthier snack options, including fruit and nut bars, roasted chickpeas, and vegetable chips. This shift towards healthier snacking is also influenced by the cultural value placed on fresh and natural ingredients in Greek cuisine.

    Trends in the market:
    In Greece, the Confectionery & Snacks Market within The Food market is seeing a shift towards healthier options, with consumers becoming more health-conscious. This has led to an increase in demand for organic and natural snacks, as well as plant-based alternatives. Furthermore, there is a trend of incorporating traditional Greek ingredients, such as honey and nuts, into snack products. These trends are significant as they cater to the growing demand for healthier and more sustainable options. Industry stakeholders should take note of these trends and adapt their product offerings accordingly to stay competitive in the market.

    Local special circumstances:
    In Greece, the Confectionery & Snacks Market within The Food market is heavily influenced by the country's rich culinary culture and strong focus on traditional, locally-sourced ingredients. This has led to a diverse range of unique and high-quality confectionery and snack options, such as honey-based sweets and savory pastries. Additionally, the country's strict regulations on food production and labeling ensure that consumers can trust the authenticity and quality of these products. The market also faces challenges due to economic factors and changing consumer preferences, leading to a shift towards healthier and more sustainable options.

    Underlying macroeconomic factors:
    The Confectionery & Snacks Market within The Food market in Greece is greatly impacted by macroeconomic factors such as consumer spending, inflation rates, and employment levels. The country's current economic health and fiscal policies also play a significant role in determining market performance. For instance, a strong economy and favorable fiscal policies can lead to higher consumer spending on indulgent food products, while economic downturns and high inflation rates can negatively affect demand. Furthermore, global economic trends and trade policies also have an impact on the import and export of confectionery and snack products, influencing market growth in Greece.

    Methodology

    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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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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