The forecasted turnover for the sugar industry in Spain is anticipated to decrease steadily from 2024 to 2028. Starting from a value of 363.5 million euros in 2024, the turnover is projected to decline to 286.3 million euros by 2028. This represents a year-on-year decrease of approximately 5.4% from 2024 to 2025, 5.6% from 2025 to 2026, 5.9% from 2026 to 2027, and 6.2% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected to be around -6.1%, indicating a consistent yearly downturn in the industry's financial performance.
Future trends to watch for include shifts in consumer preferences towards healthier alternatives and the impact of regulatory changes aimed at reducing sugar consumption. Additionally, technological advancements in sugar substitutes and changing global sugar prices could further influence market dynamics.
