Refined granulated cane sugar sales in the US have seen a gradual decrease from 2013 to 2023, standing at $3.0366 Billion USD in 2023. Over the past two years, the year-on-year variations have shown a slight decline around -0.32%, averaging an annual decrease of approximately -0.33% per year from 2018 to 2023. The forecast from 2024 to 2028 predicts a continued downward trend with an average annual decline (CAGR) of -0.27%, indicating a decrease to $2.9854 Billion USD by 2028.
Future trends to watch for:
- Increased consumer preference for healthier alternatives, potentially impacting sugar consumption.
- Regulatory changes targeting sugar consumption and production may further influence market dynamics.
- Innovations within the food and beverage industry that could alter the traditional uses and demands for refined cane sugar.
