The sugar supply in Australia is projected to steadily decline from 2024 to 2028, with values consistently decreasing by 0.1 kilograms per capita each year. The data shows that the sugar supply stood at 41.0 kilograms per capita in 2023, and this trend reflects a modest but clear year-on-year decline of approximately 0.24%. Over the last two years, this amounts to a cumulative decrease, reaffirming a consistent downward trend. The compound annual growth rate (CAGR) over the next five years is expected to be negative, at around -0.24% per annum.
The future trends to watch for include shifts in consumer preferences toward healthier diets, potential regulatory changes aimed at reducing sugar consumption, and innovations in sugar substitutes. Monitoring these factors will be crucial in understanding the long-term direction of the sugar supply in Australia.
