The solid refined sugar market in Germany has experienced a notable decline over the past decade, with values decreasing from €3.4049 billion in 2013 to €1.3604 billion in 2023. Since 2020, the market has shown fluctuations, including a growth of 13.57% in 2020, followed by a series of declines, culminating in a -10.33% year-on-year change in 2023. The compound annual growth rate (CAGR) over the last five years ending in 2023 stands at -5.09%.
Looking forward, the forecast for the solid refined sugar market suggests continued downward trends, with a projected value of €0.59979 billion in 2028. This implies a forecasted CAGR of -13.03% over the next five years, indicating a substantial 50.23% decline from 2023 levels.
Future trends to watch for include:
- Increasing emphasis on healthier dietary choices, potentially accelerating the decline in demand for refined sugar.
- Regulatory changes and potential sugar taxes influencing market dynamics.
- Innovation in sugar alternatives and their impact on market share.
