In 2023, India's import of sugars and sugar confectionery stood at a value of 980 million US Dollars. The forecasted data from 2024 to 2028 indicates a steady increase, with values projected to rise from 1.0063 billion US Dollars in 2024 to 1.1136 billion US Dollars in 2028. Year-on-year variations show an increase of 2.76% in 2025, 2.63% in 2026, 2.50% in 2027, and 2.39% in 2028. The Compound Annual Growth Rate (CAGR) over the next five years averages to approximately 2.43%.
Future trends to watch for in the Indian market include potential changes in domestic sugar production, shifts in consumer preferences towards healthier alternatives, and the impact of government policies on sugar imports. Additionally, global market fluctuations and international trade agreements may also influence import levels.
