In 2023, sugar consumption at farm gate in Japan was approximately 2.28 million metric tons. Forecasts from 2024 to 2028 show a steady decline in consumption from 2.27 to 2.24 million metric tons. Year-on-year, the forecast indicates a consistent decline around 0.4% annually. Over the last 5 years, the Compound Annual Growth Rate (CAGR) suggests an average annual decrease of approximately 0.4%.
Future trends to monitor include:
- Possible shifts in dietary preferences focusing on health and reduced sugar intake.
- Governmental policies aimed at promoting healthier diets.
- Sustainability initiatives influencing consumption and production practices.
- Technological advancements in sugar substitutes potentially impacting demand.