In 2023, the Raw Sugar Equivalent market size volume per capita in India stood at approximately 21.44 kilograms. The data for 2024 and onwards reflect forecasted growth, with values suggesting a gradual increase each year. Specifically, from 2024 to 2028, we observe an incremental rise from 21.57 kilograms per capita in 2024 to 22.11 kilograms per capita in 2028. This consistent upward trend represents an average year-on-year growth rate of about 0.65%.
Over the past two years (2024-2025), the annual growth has been around 0.65%. Meanwhile, the last Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) averages out to approximately 0.68% per year, indicating steady growth in the consumption of raw sugar equivalents in India.
Future trends to watch for include potential changes in consumer preferences towards healthier alternatives which could affect sugar consumption patterns, as well as any shifts in agricultural production and import-export dynamics that could impact raw sugar availability and pricing.
