The forecasted centrifugal sugar consumption in the US shows a gradual increase from 2024 to 2028, by 1% over the 5-year period from 11.49 million metric tons in 2024 to 11.6 million metric tons in 2028. For context, in 2023, the consumption level stood at approximately 11.46 million metric tons. This indicates a stable demand with minor annual fluctuations. Year-on-year growth rates suggest a very moderate upward trend. The Compound Annual Growth Rate (CAGR) over this period remains low, evidenced by the slight increases year-on-year.
Future trends to watch include potential impacts from sugar substitutes, health-driven sugar consumption reduction policies, and global sugar market dynamics influencing domestic consumption. Monitoring technological innovations in sugar production and processing could also shape future consumption trends. Lastly, further analysis on consumer behavior and preferences could illuminate shifts in sugar consumption.
