Based on the provided data, the sugar market volume in the UK for 2024 is forecasted at 1.3646 Billion Kilograms. In 2025, it is expected to decline to 1.3541 Billion Kilograms, continuing a yearly decrease to reach 1.3238 Billion Kilograms by 2028, illustrating a consistent declining trend. The year-on-year variation from 2024 to 2028 shows a percentage decrease of approximately 0.77% per annum on average. Extending this trend over a longer period, the CAGR for the forecast from 2024 to 2028 indicates an annual average reduction of around 0.77% in sugar volume.
Future trends to watch for in the UK sugar market include potential impacts of health-conscious consumer trends, which could further decrease sugar demand. Additionally, regulatory changes and sugar tax initiatives may accelerate the downward trend. Alternative sweeteners gaining popularity could also negatively impact sugar consumption volumes.
