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Confectionery & Snacks - Nordics

Nordics
  • Revenue in the Confectionery & Snacks market amounts to US$14.33bn in 2024. The market is expected to grow annually by 4.31% (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$510.80 are generated in 2024.
  • In the Confectionery & Snacks market, volume is expected to amount to 1.50bn kg by 2029. The Confectionery & Snacks market is expected to show a volume growth of 2.3% in 2025.0.
  • The average volume per person in the Confectionery & Snacks market is expected to amount to 47.8kg 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 the Nordics has seen minimal growth recently, likely influenced by factors such as changing consumer preferences and increased competition within the sub-markets. However, the overall Food Market in the Nordics is still driven by factors such as convenience and health awareness, leading to a steady growth rate. As digital technologies continue to advance, there may be potential for this market to experience a more significant growth in the future.

    Customer preferences:
    The Nordics region has seen a rise in demand for healthier and more sustainable snacking options, driven by the growing health and wellness trend. This has led to an increase in the availability of organic, plant-based, and gluten-free snacks in the Confectionery & Snacks Market. Additionally, there has been a shift towards more personalized and on-the-go snacking options, catering to the busy and health-conscious consumer. This trend is also influenced by the region's strong focus on sustainability and ethical sourcing, with consumers opting for brands that align with their values.

    Trends in the market:
    In the Nordics, there is a growing trend towards healthier snacking options, with consumers seeking out products that offer both indulgence and health benefits. This has led to an increase in demand for products made with natural ingredients and free from artificial additives. Additionally, there is a rising interest in sustainable packaging solutions, with consumers becoming more conscious of their environmental impact. These trends are expected to continue in the coming years, as consumers prioritize health and sustainability in their purchasing decisions. For industry stakeholders, this presents opportunities for innovation and differentiation in product offerings, as well as the need to adapt to changing consumer preferences.

    Local special circumstances:
    In the Nordics, the Confectionery & Snacks Market in The Food market is influenced by the region's strong emphasis on health and wellness. Consumers are increasingly seeking healthier snack options, leading to the growth of organic and natural products. Additionally, strict regulations on food labeling and ingredients drive manufacturers to use high-quality and sustainable ingredients. This focus on health and sustainability sets the Nordics market apart from others and shapes the demand for confectionery and snack products in the region.

    Underlying macroeconomic factors:
    The Confectionery & Snacks Market within The Food market in the Nordics is primarily influenced by macroeconomic factors such as consumer spending, disposable income, and economic growth. Countries with stable economic conditions and high disposable income levels, such as Sweden and Norway, have a higher demand for premium and indulgent snacks. On the other hand, countries with slower economic growth and lower disposable income levels, such as Finland and Denmark, have a higher demand for value-oriented and affordable snack options. Furthermore, changing consumer preferences, increasing health consciousness, and evolving snacking trends also impact the market performance in the region.

    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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