World Sugar Consumption
At the beginning of the 20th century, a world population of 1.6 billion people consumed roughly 8 million tons of sugar, i.e. 5,1 kg per capital. Considerable expansion took place until 1980, when world sugar consumption reached nearly 90 million tons, i.e. an annual growth rate of 3.1%.
After a sluggish growth in the 1990s, which hardly exceeded 2,2% per annum, sugar consumption has grown at an healthy rate since the early 2000s, notably in Asia (+4,9% p.a.), the Middle-East (+4,6% p.a.) and Africa (+4,1% p.a.).
Today, a world population of just above 7 billion people, of which 75% (5,5 billion) are concentrated in Asia (4.4 billion) and Africa (1.1 billion), consumes roughly 173 million tonnes of sugar, that is 24 kg per capita on average, with the lowest level seen in the most populous continent (Africa and Asia with average at respectively 16,8 and 17,3 kg per capita) and the highest in America and Europe (average at respectively 43,8 kg and 36,7kg per capita).
The 10 largest sugar consuming nations represent roughly two-thirds of total world consumption. World sugar consumption is set to grow in line with falling domestic sugar prices as well as improved economic performance in 2015. This positive economic prospect is supportive to sugar demand, as manufacturing and food preparation sectors, which account for the bulk of aggregate sugar consumption, are greatly influenced by the economic environment. Sugar consumption growth will be particularly pronounced in Asia and Africa.