The raw sugar equivalent market size in Chile, expressed in volume, showed a mixed trend from 2014 to 2023. The volume stood at 818,000 metric tons in 2023, reflecting a minor year-on-year increase of 0.12%. The 5-year CAGR from 2019 to 2023 was 0.17%. Over the past ten years, the market experienced several fluctuations, including a significant drop in 2020 by 4.88% due to various economic factors, followed by a recovery in 2021 with a 5.39% increase. The period from 2024 to 2028 is forecasted to see a modest CAGR of 0.11%, signifying a slow but steady growth trajectory.
Future trends to watch for:
- Economic stabilization impacting overall consumption.
- Potential shifts in consumer preferences towards alternative sweeteners.
- Regulatory changes affecting sugar production and imports.
