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Sector Analysis
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Confectionery – Sector Landscapes
Overall, the confectionery sector will see an increase in value and volume over 2019-23. However, this growth trajectory will differ from forecasts in 2019 (i.e. before the COVID-19 outbreak). The volume growth for the sector is forecast to be slower than anticipated, which is mainly due to people who are concerned about the economy having tighter budgets. As a result, consumers are expected to purchase fewer indulgent goods such as confectionery long-term. Despite consumer budgets being altered and the volume...
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