The demand for raw sugar equivalent in Saudi Arabia has shown an overall increasing trend from 2014 to 2023, with fluctuations in growth rates. Notable year-on-year variations include a dip in 2020 (-4.46%) and a rebound in 2021 (5.76%). The CAGR over the last five years is 0.36%, indicating a gradual increase. Future forecasts suggest a steady rise, with a forecasted CAGR of 0.4% over the next five years, leading to a growth rate of 2% by 2028.
Future Trends to Watch: Continued population growth, changes in dietary preferences, and policy shifts toward health consciousness may impact future demand. Monitoring these variables will be critical.
