Norway set for fastest growth in Scandinavian confectionery market
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.
