In 2023, the US raw sugar equivalent demand stood at 11.0 million metric tons. From 2024 to 2028, the forecasted data reflects a slight, consistent upward trend in demand, increasing from 11.1 to 11.2 million metric tons. The year-on-year growth is minimal, averaging around 0.2% to 0.3% annually. Over this five-year period, the compound annual growth rate (CAGR) is approximately 0.36%, indicating a stable demand landscape with modest growth.
Future trends to watch include:
- The impact of alternative sweeteners and health trends on raw sugar demand.
- Regulatory changes affecting sugar production and imports.
- Developments in the food and beverage sector influencing sugar consumption.
