Vietnam: By 2030, sugar consumption will increase to 23 kg/person/year, sugar prices will be stable

Sugar consumption increases sharply, to 23 kg/person/year by 2030 Recently, the Vietnam Sugar Association cited a report of the Organization for Economic Cooperation and Development (OECD) saying that global sugar consumption is expected to continue to increase at about 1.4%/year, reaching 196 million tons by 2030 under the impact of population and income growth. By 2030, the world's annual per capita sugar consumption is expected to increase from 22 kg to 23 kg despite significant regional and country variation. In general, high-income countries are expected to decline as the market reaches saturation, while lower-income economies will see higher increases in sugar consumption. In terms of sugar consumption, global per capita sugar consumption is expected to increase over the next decade due to rising incomes and urbanization in developing countries. Sugar consumption in the Asia-Oceania region is projected to grow the most (in absolute terms) and account for more than half of ...