The Raw Sugar Equivalent Market Size Volume in South Korea has shown a consistent increase over the years. Starting at 1.09 million metric tons in 2014, the market volume remained stable until 2016. A slight but steady growth was observed from 2017 to 2023, where it stands at 1.11 million metric tons. This represents a year-on-year variation of 0.09% in 2023 and an average annual growth rate (CAGR) of 0.054% over the last five years.
From 2024 onwards, the market is expected to maintain this slight upward trend, with forecasts showing a stable volume of 1.11 million metric tons up to 2028. The forecasted five-year CAGR remains at 0.05%, indicating steady but minimal growth.
Future trends to watch for include:
- Potential impacts from global sugar production and market dynamics.
- Changes in consumer preferences towards healthier alternatives affecting sugar demand.
- Trade policies and economic factors influencing South Korea's import and export activities.
