The forecasted demand for raw sugar equivalent in Belgium shows a modest and consistent increase from 2024 to 2027, climbing from 606.0 to 609.0 thousand metric tons, and stabilizing at 609.0 thousand metric tons in 2028. This indicates a minimal year-on-year variation, hovering around 0.16% annually. Based on this forecast, the compound annual growth rate (CAGR) for the upcoming five years is nearly 0.08% per year.
For future trends to watch for:
- Potential impact of health-related regulations and taxes on sugar consumption
- Shifts in consumer preferences towards alternative sweeteners
- Advancements in sugar production and refining technology
