Sri Lanka, March 10 -- Sri Lanka's confectionery industry is experiencing some sweet growth as it on an upward trajectory this year, supported by improving economic sentiment, consecutive festive seasons, and a forecasted increase in consumer spending following the salary hikes outlined in the national budget.

Industry stakeholders noted that as the economy stabilises, sales of confectionery products have picked up, reflecting a shift in consumer confidence post-economic crisis. People are becoming less cautious about discretionary spending.

Speaking to Mirror Business, Lanka Confectionery Manufacturers Association (LCMA) Senior Advisor Adrian Fonseka shared that the local industry is expected to record a year-on-year growth of approxim...