Household expenditure on sugar and sweets in the US is projected to rise steadily from $163 in 2024 to $168 in 2028. In 2023, the actual expenditure was $162. Year-on-year, the percentage increase is modest, reflecting a stable growth pattern. Over the five-year forecast period, the expenditures have a compound annual growth rate (CAGR) that suggests consistent, albeit slow, upward movement.
Future trends to monitor include:
- Consumer health trends potentially shifting spending away from sugary products.
- Regulatory changes affecting sugar pricing and availability.
- Rising interest in alternative sweeteners potentially influencing traditional sugar markets.