As of 2023, centrifugal raw sugar production in Canada stood at 147.63 thousand metric tons. From 2024 to 2028, the forecast displays a steady growth, starting at 149.95 thousand metric tons in 2024 and reaching 159.38 thousand metric tons by 2028. The year-on-year percentage variation indicates a consistent increase, averaging a Compound Annual Growth Rate (CAGR) of approximately 1.4% over this period. The production's upward trend suggests a positive outlook for the industry.
Future trends to watch for include:
- Impact of climate change on sugar crop yields and production.
- Technological advancements in production efficiency and sustainability.
- Shifts in consumer preferences towards healthier alternatives, potentially affecting demand.