The import volume of invert sugar, caramel, and artificial honey to India is set to increase progressively from 2024 through 2028. In 2023, the actual import volume stood at 2.554 million kilograms. The forecast shows a year-on-year growth, with a variation of approximately 4.28% in 2024, 4.26% in 2025, 4.01% in 2026, and 3.77% in 2027. The compound annual growth rate (CAGR) over this five-year period is about 4.07%, indicating a stable upward trend in import volumes.
Future trends to watch for include:
- Shifting consumer preferences towards healthier sugar alternatives.
- Fluctuating global sugar prices impacting import costs.
- Regulatory changes affecting import tariffs and trade agreements.
