The centrifugal sugar consumption in Malaysia is projected to steadily increase from 1.85 million metric tons in 2024 to 1.94 million metric tons in 2028. The year-on-year growth rates are as follows:
- 2024-2025: 1.08%
- 2025-2026: 1.07%
- 2026-2027: 1.59%
- 2027-2028: 1.04%
The CAGR (Compound Annual Growth Rate) over the five-year period from 2024 to 2028 is approximately 1.19%.
Several factors could impact future sugar consumption trends in Malaysia, including urbanization, shifts in dietary preferences towards healthier options, government policies impacting sugar imports and pricing, and the growth of the food and beverage industry. Keeping a keen eye on these trends will be crucial for accurately forecasting future consumption levels.
