Confectionery & Snacks - Northern Europe

Northern Europe

Highlights

Revenue in the Confectionery & Snacks market amounts to US$17.81bn in 2024. The market is expected to grow annually by 4.43% (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$525.60 are generated in 2024.
In the Confectionery & Snacks market, volume is expected to amount to 1.98bn 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 52.5kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Confectionery & Snacks Market in Northern Europe is experiencing slow growth due to factors such as changing consumer preferences, increasing health consciousness, and competition from healthier snack options. Despite this, the market is still driven by convenience and availability of online services. The negligible growth rate can be attributed to economic slowdown and shifting consumer trends.

Customer preferences: Consumers in Northern Europe are increasingly gravitating towards healthier snacking options, such as plant-based and low-sugar snacks, reflecting a growing trend towards clean eating and mindful consumption. This shift is also driven by the rise of flexitarianism and veganism in the region. Additionally, there has been a rise in demand for functional snacks that offer added health benefits, such as protein bars and energy-boosting snacks. This reflects a growing interest in self-care and holistic wellness among consumers in the region.

Trends in the market: In Northern Europe, the Confectionery & Snacks Market within The Food market is seeing a shift towards healthier and sustainable options. This trend is driven by increasing consumer awareness of the impact of their food choices on personal health and the environment. As a result, there is a growing demand for plant-based and organic snacks, as well as products with reduced sugar and artificial ingredients. This trend is expected to continue, with companies investing in innovative product development and marketing strategies to cater to this evolving consumer demand. Additionally, there is a rise in online sales of confectionery and snacks, as more consumers turn to e-commerce for convenience and safety. This shift towards healthier and sustainable options, coupled with the growth of e-commerce, presents opportunities for industry stakeholders to tap into new markets and diversify their product offerings.

Local special circumstances: In Northern Europe, the Confectionery & Snacks market is heavily influenced by the region's cultural and dietary norms. With a focus on health and wellness, there is a growing demand for healthier snack options, leading to the popularity of organic and natural products. Additionally, strict regulations on food labeling and ingredients have pushed companies to innovate and offer more transparent and sustainable options. This unique combination of health-conscious consumers and stringent regulations has created a highly competitive and dynamic market for Confectionery & Snacks in Northern Europe.

Underlying macroeconomic factors: The Confectionery & Snacks Market within The Food market in Northern Europe is greatly impacted by macroeconomic factors such as consumer purchasing power, economic stability, and government policies. Countries with strong economic stability and favorable fiscal policies are experiencing higher market growth compared to regions with economic challenges and limited government support. Additionally, the rising health consciousness and increasing disposable income of consumers are driving the demand for healthier snacking options, leading to the growth of the Confectionery & Snacks Market in Northern Europe.

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.