Between 2013 and 2023, sugar consumption at the farm gate in the US showed a volatile but generally increasing trend, starting at 9.06 million metric tons in 2013 and reaching 9.8 million metric tons in 2023. Notably, growth rates fluctuated, peaking at 3.66% in 2016 and slowing down significantly in subsequent years. From 2020 to 2023, changes hovered around 0%, with minor year-on-year decreases recorded in 2022 and 2023. For the five years leading to 2023, the compound annual growth rate (CAGR) settled at 0.16%.
Future trends project a plateau in sugar consumption with minor annual declines, pushing the forecasted 5-year CAGR to -0.02% by 2028. Attention should be given to potential shifts in dietary habits, regulatory changes, and advancements in alternative sweeteners, as these factors could significantly impact sugar demand and consumption patterns in the upcoming years.
