As of 2023, the raw sugar equivalent for non-food uses in the US stood at 110.0 thousand metric tons. The forecasts indicate a stable trend from 2024 to 2028, with minimal increases, reaching 112.0 thousand metric tons by 2028. The expected year-on-year variation shows negligible growth, while the compound annual growth rate (CAGR) over the five-year period remains low, indicating a largely stagnant market.
Future trends to watch for include:
- Potential shifts in regulatory policies affecting non-food sugar derivatives.
- Technological advancements in alternative materials that could reduce the demand for sugar derivatives.
- Market dynamics driven by sustainable and eco-friendly production practices.