The strong value sales growth observed in 2023 was driven partly by volume growth due to increased demand from people working from home, but mainly due to rapid growth in unit prices caused by inflationary pressures. However, as rising interest rates and a potential recession are expected to help control inflation, price growth is projected to stabilise from 2024 onward.
The COVID-19 pandemic and its associated supply chain disruptions and rising costs have led multinational players like Mondelez to close their manufacturing facilities in New Zealand. This has resulted in a consolidation of products offered and, in some cases, the removal of beloved brands and products from the market.
New Zealand is currently facing high levels of inflation not seen in nearly 30 years. Coupled with rising interest rates, household spending levels are expected to come under pressure in the forecast period.
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Understand the latest market trends and future growth opportunities for the Sugar Confectionery industry in New Zealand with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Sugar Confectionery
This is the aggregation of mints, boiled sweets, pastilles, gummies, jellies and chews, toffees, caramels, and nougat, medicated confectionery, lollipops, liquorice and other sugar confectionery.
See All of Our DefinitionsThis report originates from Passport, our Sugar Confectionery research and analysis database.
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