In 2023, Canada's centrifugal beet sugar production stood at 110.0 thousand metric tons. Forecasted data show a slight decline to 109.0 thousand metric tons in 2024, followed by a stabilization at 108.0 thousand metric tons from 2025 through 2028. This indicates a minimal year-on-year decrease of approximately 0.91% from 2023 to 2024 and stabilization thereafter. Over the forecasted period, the compound annual growth rate (CAGR) suggests no significant long-term change in production levels.
Future trends to watch for include:
- Technological advances in sugar extraction and processing might impact production efficiency.
- Changes in consumer preferences towards natural sweeteners could alter industry demand dynamics.
- Potential policy shifts related to agricultural subsidies or trade agreements could influence production costs and competitiveness.
