Chocolate and Sugar Confectionery Lead French Confectionery Sector Growth
24 October 2013
Confectionery is one of the slowest growing food sectors in France. However, both Chocolate and Sugar Confectionery will display the highest growth of the sector to 2017.
Chocolate and Sugar Confectionery will show equal value and volume growth, with both displaying a value Compound Annual Growth Rate (CAGR) of 1.4% and a volume CAGR of 1.9% to 2017. Chocolate will however, grow from a higher base share, with value and volume shares of 68.2% and 58.2% for 2012.
Confectionery’s role as an affordable luxury, and a reputation as a sharing sweet, will aid Chocolate and Sugar Confectionery’s growth over the next five years. Gum will display the least growth of the sector, with value and volume CAGRs of 0.3% and 0.9% to 2017.
As one of the three slowest growing Food sectors in France over the next five years, the Confectionery sector will see low growth, with a value and volume CAGR of 1.2% and 1.8% respectively for 2012 to 2017.
The Canadean Report: ‘The Future of the Confectionery Market in France to 2017’ was published in October, 2013
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