The forecasted refined sugar consumption in Canada is expected to remain stable at 1.18 million metric tons annually from 2024 to 2028. In 2023, the consumption stood at 1.18 million metric tons, indicating no year-on-year variation over this period. Over the last two years, there has been zero growth, reflecting a stable consumption pattern. The compound annual growth rate (CAGR) over the last five years stands at 0%, confirming the absence of any significant changes in consumption levels during this period.
Future trends to watch for:
- Changes in consumer behavior towards healthier diets may reduce refined sugar consumption.
- Potential regulatory measures and sugar taxes could impact consumption levels.
- Growth in alternative sweeteners and sugar substitutes market might influence trends.
- Economic factors such as disposable income changes and inflation rates could play a role in shaping future consumption patterns.
