The forecast for the import of sugar confectionery to India shows a consistent upward trend from 2024 to 2028. Starting from 16.002 million kilograms in 2024, it is expected to rise to 18.269 million kilograms by 2028. In 2023, the actual import volume stood at approximately 15.429 million kilograms. The year-on-year variations indicate steady growth: 3.65% from 2024 to 2025, 3.45% from 2025 to 2026, 3.27% from 2026 to 2027, and 3.10% from 2027 to 2028. Over the last two years, the average annual growth rate was approximately 3.55%. The Compound Annual Growth Rate (CAGR) over the five forecasted years is around 3.37%.
Future trends to watch for include changes in consumer preferences towards healthier confectionery options, potential impacts of trade policies, and fluctuations in global sugar prices. Additionally, any technological advancements in manufacturing and packaging methods could influence import volumes.
