Sugar consumption at the farm gate in China stood at 15.8 million metric tons in 2023. Analyzing historical data, we observe a dip in the mid-2010s followed by a steady upward trend. From 2019 to 2023, sugar consumption exhibited consistent growth with year-on-year variations mostly between 0% to 1.34%. The last two years (2022 and 2023) showed an average annual increase of about 1.3%, while the compound annual growth rate (CAGR) over the last five years was approximately 0.91%.

Future trends suggest that sugar consumption will continue to rise, forecasted to reach 16.77 million metric tons by 2028. The projected five-year CAGR stands at 0.94%, indicating stable growth.

Future trends to watch:

Changes in dietary preferences and health awareness
Government policy adjustments and their impact on sugar production and consumption
Technological advancements in agriculture influencing sugar yield and efficiency