In 2023, the Raw Sugar Equivalent Market Size Volume per Capita in Ghana stood at 10.23 kilograms. The forecasted values for the years 2024 to 2028 indicate a gradual decline: 10.13 kg in 2024, 10.03 kg in 2025, 9.93 kg in 2026, 9.83 kg in 2027, and 9.74 kg in 2028.
The year-on-year variation for 2024 shows a -0.98% decline compared to 2023. The forecasted year-on-year variations further decline as follows:
- 2025: -0.99%
- 2026: -1.00%
- 2027: -1.01%
- 2028: -0.92%
The CAGR over the forecasted five-year period from 2024 to 2028 is approximately -0.97% per year, reflecting a consistent downward trend in per capita consumption.
Future trends to watch for include changes in consumer preferences towards healthier alternatives, potential government policies affecting sugar consumption, and economic factors influencing purchasing power in Ghana. Monitoring these trends will be crucial for understanding the long-term dynamics of the sugar market.
