Africa, Asia to lead rise in global sugar demand through 2021, report says

Rising demand in Asia and Africa will drive significant growth in global sugar consumption, accordin…

Rising demand in Asia and Africa will drive significant growth in global sugar consumption, according to a new Rabobank report. The report, Global Sugar to 2021, projects global sugar consumption to grow from 166 million tons to 203 million tons in raw value by 2020/2021.

The highest demand will be in Asia, where consumption is expected to rise from 75 million tons to 97 million tons during the period. Africa’s tonnage totals will be lower, according to the report, but its growth in demand will be faster, with an annualized rate of 3.4% as compared to Asia (2.9%) and South America (2.1%).