From 2013 to 2023, the German sugar market size experienced a significant decline from 3.6394 billion Euros to 1.5172 billion Euros, a staggering 58% decrease. Variations included notable reductions in 2015 (-18.61%), 2018 (-17.7%), and 2022 (-26.9%). Some stability was noted between 2019 and 2021 with modest year-on-year changes around 0.081% to 2.84%. The compound annual growth rate (CAGR) for 2018-2023 was -7.91%. Future forecasts project continued decline, with values expected to drop to 0.50984 billion Euros by 2028, indicating a -61.13% fall with a forecasted 5-year CAGR of -17.22%.
Future trends to watch for:
- Potential policy changes affecting sugar production and consumption.
- Shifts in consumer preferences towards healthier alternatives.
- Market responses to sustainability and environmental concerns.
- Technological innovations in sugar production.
