The forecasted demand for raw sugar equivalent in Kenya stands at 878.0 Thousand Metric Tons for 2024, with a progressive increase to 913.0 Thousand Metric Tons by 2028. In 2023, the demand was 869.0 Thousand Metric Tons, indicating a steady rise in demand driven by various economic and demographic factors.
- Year-on-year variations are as follows: - From 2023 to 2024: +1.0% - From 2024 to 2025: +1.0% - From 2025 to 2026: +1.0% - From 2026 to 2027: +1.0% - From 2027 to 2028: +0.9%
- The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is 1.0%, reflecting stable and moderate growth.
Future trends to watch for include changes in domestic production capabilities, fluctuations in global sugar prices, and potential policy changes affecting the agricultural sector. Additionally, monitoring consumer behavior related to health trends and alternative sweeteners could provide further insights into future demand trajectories.
