In 2023, the demand for raw sugar equivalent in the United Kingdom was approximately 1.93 million metric tons. The forecast from 2024 to 2028 indicates a gradual decline in demand, starting from 1.9 million metric tons in 2024 to 1.79 million metric tons by 2028. This represents a year-on-year decrease of about 1.58% over this period. The compound annual growth rate (CAGR) over the five-year forecast period is approximately -1.49% annually, highlighting a steady decrease in demand.
Future trends to watch include potential shifts in consumer preferences towards healthier alternatives, regulatory changes affecting sugar consumption, and economic factors impacting the food and beverage industry. Monitoring these variables will be crucial for accurate demand forecasting.
