PROSPECTS AND OPPORTUNITIES
Steady performance expected for sugar and sweeteners as consumers still value flavour in their food
Although many local consumers are trying to make healthier choices, overall demand for sugar and sweeteners is predicted to improve over the forecast period. While Australians may try to avoid sugar, they are expected to increase their usage of alternative sweeteners such as stevia to flavour their food and drinks.
Potential sugar tax could impact market landscape and increase prices again
Given the high rates of obesity and diabetes in Australia, the government is exploring several options to combat this issue; one such solution is the introduction of a sugar tax. While initially targeting sugary soft drinks, this tax will no doubt have a significant impact on the overall price of sugar in Australia and impact how often consumers might purchase the product, possibly even accelerating consumer reliance on sugar replacements.
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Overview:
Understand the latest market trends and future growth opportunities for the Sugar and Sweeteners industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Sugar and Sweeteners industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Sugar and Sweeteners in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Sugar and Sweeteners in Australia?
- What is the impact of commodity price fluctuations on local production and consumption?
- What are the key campaigns or legislation driving Sugar and Sweeteners sales?
- How are consumer attitudes towards fresh food evolving?
- How significant is health and wellness in shaping consumer demand?
- Where is future growth expected to be most dynamic?
Sugar and Sweeteners in Australia - Category analysis
KEY DATA FINDINGS
Unit price growth of sugar hinders volume sales in 2024
Sugar alternatives key for growth as consumers make healthier dietary choices
Steady performance expected for sugar and sweeteners as consumers still value flavour in their food
Potential sugar tax could impact market landscape and increase prices again
Fresh Food in Australia - Industry Overview
Fresh food in 2024: The big picture
2024 key trends
Retailing developments
What next for fresh food?
DISCLAIMER
Sugar and Sweeteners
All table-top raw sugar products and natural sweeteners, whether sold packaged or unpackaged. Includes yellow/brown sugar, fructose, maltose, maple sugar, molasses, corn syrup, glucose, table sugar (also known as granulated refined white sugar), icing sugar, caster sugar, stevia (sweet leaf)), etc. Excludes artificial sweeteners such as aspartame and acesulfame-K. Also excludes sugar alcohol such as erythritol, xylitol and mannitol, which are commonly used for replacing sucrose in foodstuffs and often used in combination with high intensity artificial sweeteners. Note: Sugar and sweeteners used for industrial processing are excluded.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Sugar and Sweeteners research and analysis database.
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