In 2023, Italy's sold production of refined cane or beet sugar, maple sugar, and maple syrup was valued at an actual figure, setting a baseline for the forecasts beginning in 2024. The forecast from 2024 to 2028 indicates a gradual upward trend, increasing annually by roughly 3%-4%, reflecting a steady growth path. The compound annual growth rate (CAGR) across these five years is projected at approximately 3.6%, suggesting positive market momentum driven by various economic and consumption factors.
Future trends to watch include:
- Potential impacts of health-conscious consumer shifts on sugar consumption.
- Regulatory changes affecting the sugar market across Europe.
- Technological advancements in sugar production and sustainability practices.
