The demand for sugar beet in Finland is forecasted to decrease steadily from 2024 to 2028. Starting in 2024, the expected demand is 258 thousand metric tons, decreasing to 181 thousand metric tons by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately -8.5% over the forecast period. Year-on-year variations show a consistent decline with around -7.8% from 2024 to 2025 and continuing trends around -7.6% to -9.5% in the subsequent years.
Future trends to watch for:
- Potential impacts of climate change on sugar beet yield and quality
- Shifts in consumer preferences towards healthier alternatives and reduced sugar usage
- Technological advancements in agriculture possibly affecting production efficiency
- Policy changes related to agricultural subsidies or import/export regulations