In 2023, the actual centrifugal sugar consumption in Turkey stood at 3.39 million metric tons. Forecasts predict a steady annual increase in consumption from 3.44 million metric tons in 2024 to 3.65 million metric tons by 2028. This shows an average annual growth rate (CAGR) of approximately 1.5% over the specified period, indicating a consistent upward trend in sugar demand.
Year-on-year growth rates reflect a modest but stable increase of around 1.5-1.7% each year. This consistent rise could be attributed to factors like population growth, urbanization, and increased industrial sugar usage.
Future trends to watch for:
- Potential dietary shifts towards lower sugar consumption due to health concerns could impact future demand.
- Technological advancements in sugar production and alternatives might alter consumption patterns.
- Government policies and regulations related to sugar production and imports will play a significant role.
