The raw sugar equivalent market in Kenya reached 864.0 thousand metric tons in 2023, marking a modest year-on-year increase of 1.05%. Analyzing the past decade, significant fluctuations were observed, such as the sharp 16.64% rise in 2017 and the subsequent -5.26% decline in 2018. While yearly variation has moderated in recent years with increments hovering around 1%, the compound annual growth rate (CAGR) over the past five years stood at 1.3%. Forecasts suggest the market will grow at an average annual rate of 0.77% over the next five years, culminating in an estimated size of 907.0 thousand metric tons by 2028.

Future trends to watch for:

Impact of agricultural policies and subsidies on domestic sugar production.
Consumer demand shifts influenced by health trends towards reduced sugar intake.
Climate change effects on sugar cane yield and productivity.
Potential trade agreements affecting sugar import and export dynamics.