The non-centrifugal sugar market in Brazil is forecasted to see a decline in volume from 2024 to 2028. In 2023, the market stood at 460.8 thousand metric tons. From 2024 to 2028, the yearly volumes are expected to decrease marginally each year, with a year-on-year percentage decrease approximating 0.4%. Over the last two years, the trend indicates a continuation of the slight downward trajectory. The forecasted CAGR for the period from 2024 to 2028 is around -0.35%, reflecting a consistent but gradual reduction in volume.
Future trends to watch for include potential changes in consumer preferences towards healthier and more sustainable sweetener options, which could impact non-centrifugal sugar demand. Additionally, any regulatory changes or shifts in agricultural policies may also influence market dynamics.
