Over the past decade, the solid refined sugar market in Finland has experienced notable fluctuations. In 2023, the market size stood at 187.45 million kilograms, an increase of 0.53% from the previous year. Between 2013 and 2016, the market saw a significant decline, culminating in a lower volume of 150.46 million kilograms in 2016. However, a rebound occurred between 2017 and 2020, followed by a slight overall decline towards 2022. Despite various fluctuations, the last five years indicated an overall negative trend with a CAGR of -0.77%.
Looking ahead from 2024, the market is forecasted to grow moderately. The market size is expected to reach 192.22 million kilograms by 2028, representing an average annual growth rate (CAGR) of 0.40%. This period is anticipated to exhibit a forecasted 5-year growth rate of 2.01%.
Future trends to watch for include:
- Increasing health consciousness among consumers driving demand for sugar alternatives.
- Potential policy changes affecting sugar production and consumption.
- Technological advancements in sugar refinement processes enhancing market efficiency.
