The current raw sugar equivalent market size volume per capita in South Korea stood at 21.55 kilograms per capita in 2023. Forecast data for the period from 2024 to 2028 indicate a very stable trend, with a minor increase to 21.56 kilograms per capita starting in 2026 and continuing through 2028.
Year-on-year variation remains nearly negligible, maintaining a steady state. Over the last two years, there has been little to no change, indicating a plateau in consumption per capita. The Compound Annual Growth Rate (CAGR) over the last five years similarly points to minimal growth or variation, underlining a market that has reached a state of equilibrium.
Future trends to watch for:
- Possible shifts in consumer behavior due to health-conscious trends
- Impact of regulatory changes on sugar consumption
- Introduction of sugar substitutes and their market penetration
