Over the past decade, Saudi Arabia's raw sugar equivalent market size showed steady growth from 0.925 million metric tons in 2014 to an estimated 1.04 million metric tons in 2023, with a CAGR of 1.79% for 2014-2019 and a CAGR of 0.51% for 2019-2023. Notably, there was a dip in 2020 by -4.44%, followed by a recovery in subsequent years. The market is forecasted to reach 1.07 million metric tons by 2028 with a 5-year CAGR of 0.49% and a growth rate of 2.49%.
Future Trends to Watch
Future trends to monitor include increasing health consciousness driving reduced sugar consumption, government policies targeting healthier diets, and potential impacts from international sugar trade agreements.
