In 2023, Brazil's non-centrifugal sugar demand was approximately 460.5 thousand metric tons. Forecasted values indicate a slight decline in demand through 2028, with a 0.4% year-on-year decrease projected for 2024 onwards. Over the next five years, the compound annual growth rate (CAGR) is anticipated to be -0.3%. This indicates a steady but modest downward trend in non-centrifugal sugar consumption. The reduction in demand may be attributed to shifts in consumer preferences and alternative sweetener options gaining popularity.
Future Trends to Watch:
- Shifts in consumer health trends favoring low-sugar diets.
- Potential policy changes impacting sugar production and consumption.
- Advancements in alternative sweeteners that could influence sugar demand.
