In 2023, the raw sugar equivalent demand in Norway stood at 141.80 thousand metric tons. Moving forward, the forecasted demand shows a slight yet consistent decline from 2024 to 2028. Specifically, demand is expected to decrease to 141.11 thousand metric tons in 2024, and further down to 138.46 thousand metric tons by 2028. Year-on-year variations indicate small percentage decreases each year, capturing a subtle but sustained downward trend. The compound annual growth rate (CAGR) over the last five years highlights an average annual decline of approximately 0.6%.
Future trends to watch for include potential shifts in consumer preferences towards low-sugar or sugar-free options, policy changes targeting sugar consumption, and economic factors that may influence production costs. These trends may further impact the raw sugar equivalent demand in Norway.
