Norway set for fastest growth in Scandinavian confectionery market

8.9% growth forecast for Norwegian confectionery market from 2011 to 2016
8.9% growth forecast for Norwegian confectionery market from 2011 to 2016

Related tags Norway Nordic countries

The Norwegian confectionery market will outpace growth rates in Denmark and Sweden in the coming years, according to a report from ReportLine.

The recently published ‘Confectionery - Scandinavia Industry Guide’ said that Sweden would remain the largest confectionery market in Scandinavia, but Norway would grow the fastest up to 2016.

The guide forecast 8.9% growth in the Norwegian market from 2011 to 2016, taking the total value to $1,269.4.

Demark - the fastest growing market in the 2007-2011 period with a 2.1% compound annual growth rate (CAGR) - is forecast to grow 8.14% by 2016, while Sweden is set for 4.8% growth.

The report put the total value of the Scandinavian confectionery market at $4,476.1 million in 2011. 

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