The market size value of Solid Refined White Sugar in Germany has experienced a considerable decline from 2013 to 2023, with the value standing at 1.2666 Billion Euros in 2023. The downward trend is marked by several significant year-on-year variations such as a steep drop of 24.57% in 2022 and a subsequent 11.38% decline in 2023. Over the past five years, from 2018 to 2023, the compound annual growth rate (CAGR) reflects an average yearly decrease of about 6.6%, emphasizing the market's consistent contraction.
Looking forward, the forecasted data from 2024 to 2028 indicates an even sharper decline, with the value predicted to reach as low as 0.47724 Billion Euros by 2028. The forecasted five-year CAGR shows an average annual decrease of 15.47%, reflecting a growth rate decline of 56.83% over the next five years.
Future trends to watch for include potential market shifts due to consumer dietary changes, increasing health concerns over sugar consumption, and regulatory impacts. Additionally, any significant innovations or disruptions in the sweetener market could further influence these projections.
