In 2023, the import of invert sugar, caramel, and artificial honey to India stood at a value of 4.3 million US dollars. From 2024, the forecast reveals a consistent upward trend, reaching 5.0 million US dollars by 2028. This reflects a year-on-year growth of approximately 3.4% between consecutive years. The compound annual growth rate (CAGR) from 2024 to 2028 is about 3.2%, indicating a steady increase in these imports.
Future trends to watch for:
- Rising consumer demand for specialty sugars and sweeteners, driven by changes in dietary preferences.
- Potential fluctuations in global sugar prices affecting import volumes and values.
- India's economic and trade policies that could impact import tariffs or restrictions.