The Raw Sugar Equivalent Demand in South Korea has been relatively stable over the past decade, with minor fluctuations. In 2023, the demand stood at 1.57 Million Metric Tons, reflecting a year-on-year growth of 0.19% and a five-year CAGR of approximately 0.077%. Notable variations include a slight drop in 2015 followed by minor increases, with 2018 seeing a more significant rise of 2.09%. From 2024 onwards, forecast data suggests a continued steady increase with a five-year CAGR of 0.15% and an overall growth rate of 0.76% by 2028.
Future trends to watch for include potential impacts of changing consumer preferences towards healthier alternatives, government regulations on sugar consumption, and global market conditions affecting sugar prices. Monitoring these factors will be crucial for anticipating shifts in demand.
