The forecast for centrifugal cane sugar production in Japan for 2024 to 2028 remains steady at 145 thousand metric tons each year. In 2023, actual production was at 145 thousand metric tons as well. This indicates no expected growth or decline over the forecast period, highlighting a stable market scenario with zero year-on-year growth variation. As a result, the compound annual growth rate (CAGR) for the upcoming five-year period is 0%, aligning with stability.
Future trends to watch for include:
- Potential shifts in domestic sugar consumption patterns that may influence production.
- Technological advancements in sugar production processes.
- Environmental and regulatory changes impacting the sugar industry.