The forecast indicates a steady growth in refined sugar production in India, increasing from 32.5 million metric tons in 2024 to 34.91 million metric tons by 2028. Assuming the 2023 production level was slightly below the 2024 forecast, the production trajectory is positive. The year-on-year growth rates are consistently around 2%, reflecting a stable upward trend. The CAGR over the five-year forecast period is approximately 1.86%.
Future trends to watch for include:
- Impact of climate change on sugarcane yield and production efficiency.
- Potential policy shifts, such as subsidies or tariffs, affecting the sugar industry.
- Technological advancements in agricultural practices and processing.
- Global sugar market dynamics that may influence export opportunities.
