The sugar market in the UK has experienced fluctuation over the past decade. From 2012 to 2022, volumes peaked in 2013 with 1.8876 billion kilograms and saw a notable decline by 2022, settling at 1.3863 billion kilograms. Observing year-on-year variations, 2013 had the highest increase of 9.12%, whereas 2014 faced a significant drop of 19.57%. Over the last two years, there have been minimal declines with marginal percentages of -0.81% in 2021 and -0.8% in 2022. The compound annual growth rate (CAGR) over the past five years stands at -2%, indicating a general decline in market size volume.
Future trends to watch for include:
- Potential impacts of health initiatives and sugar taxes driving down consumption.
- Innovations in sugar substitutes and their market acceptance.
- Environmental and ethical concerns influencing consumer preferences towards sustainable and ethically sourced sugars.
# | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 5,807,500,000 | 2023 | -0.34% | -1.29% | View data |
2 | 2 Italy | 2,542,000,000 | 2023 | -1.43% | -0.19% | View data |
3 | 3 Belgium | 2,027,200,000 | 2023 | +1.33% | +2.29% | View data |
4 | 4 United Kingdom | 1,375,400,000 | 2023 | -0.79% | -0.94% | |
5 | 5 Denmark | 793,110,000 | 2023 | +1.74% | +0.94% | View data |
6 | 6 Portugal | 508,070,000 | 2023 | -2.88% | -2.43% | View data |