The forecasted household expenditure on sugar, syrups, and sugar substitutes in Canada is stable at CAD 48 per year from 2024 to 2027, with a slight decline to CAD 47 in 2028. In 2023, the expenditure stood at CAD 48. This consistent spending reflects no significant year-on-year variation from 2024 to 2027, and a minor decrease in 2028, resulting in a CAGR close to zero.
Future trends to watch for:
- Consideration of health trends pushing consumers towards alternative sweeteners.
- Potential impacts from sugar tax regulations on spending behavior.
- Shifts in consumer preferences due to sustainability and health consciousness.
