The Spain confectionary market is suggested to have reached a volume of just under 250 million Kg at the beginning of 2007, and is estimated to have totalled around 260 million Kg by the start of 2012. It is forecast that by 2017 the volume of the Spain confectionary market will be just under 300 million Kg.
The industry is suggested to have grown at a CAGR growth rate of around 1.76% between 2007 and 2012, and is forecast to witness an increase in growth over the forecast period, growing 2.28% between 2012 and 2017.
In terms of categories, 'Chocolate' is forecast to continue as the largest sector in the industry, and will see a volume of just under 150 million Kg by 2017. The second largest category, 'Sugar Confectionary' will see a volume of around 135 million Kg by 2017. The fastest growing category is suggested to be 'Chocolate', which will grow at a CAGR growth rate of over 3% between 2012 and 2017.
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