In Switzerland, the demand for sugar beets is forecasted to decline steadily from 2024 through 2028. In 2023, the actual demand stood at 1.12 Million Metric Tons. The demand decreases from 1.07 Million Metric Tons in 2024 to 0.88 Million Metric Tons by 2028.
Year-on-year variations:
- 2024-2025: -4.67%
- 2025-2026: -4.51%
- 2026-2027: -4.83%
- 2027-2028: -5.06%
The compound annual growth rate (CAGR) from 2023 to 2028 is -5.05%, indicating a consistent annual decline.
Future trends to watch for: Shifts in consumer preferences towards healthier alternatives, changes in agricultural policies, and competitive pressures from imported sweeteners could further impact demand. Monitoring these factors is crucial for understanding future market dynamics.
