The import of sugar confectionery to India is forecasted to demonstrate a steady growth from 2024 to 2028, rising from $26.129 million in 2024 to $29.213 million in 2028. When contrasted with the actual figure for 2023, this signifies a growth trajectory. The year-on-year percentage variation showcases a consistent upward trend of approximately 3% annually. The compound annual growth rate (CAGR) over this five-year period highlights this steady trend, indicating a firm increase in demand and importation of sugar confectionery products.
Future trends to watch include potential market changes such as shifts in consumer preferences towards healthier options, the impact of import tariffs, and currency fluctuations that might affect import costs. Monitoring these factors can provide additional insights into the sustainability of this growth trend in the future.
