Thursday, September 19, 2024

International Sugar Taxes and the way they’re affecting the confectionery market



In a paper, International Sugar Taxes: Tipping the Scales In direction of More healthy Selections, printed by the Howtian Group, a worldwide chief in pure sweeteners, dietary and purposeful substances, it has revealed that international locations like Colombia and america have championed these taxes, which not solely elevate public consciousness about sugar content material but additionally contribute to bettering public well being.

Colombia’s daring step

In a latest growth, the Colombian authorities introduced the implementation of a ten% tax on sugary drinks and junk meals, efficient November 1st, 2023. This tax will escalate to fifteen% this 12 months and 20% in 2025. The tax applies to merchandise together with candies, chocolate, carbonated drinks, espresso, fruit juices, and vitality drinks; the tax quantity varies based mostly on ingredient content material, with completely different ranges similar to completely different tax requirements.

United States Sugar Tax development

Roughly 30 states in america have enacted legal guidelines to tax sugar-sweetened drinks (SSBs). Berkeley, California, was the primary metropolis to impose such a tax in 2015, adopted by a number of others, together with San Francisco, Oakland, Colorado, Seattle, and Philadelphia.

Research have proven that these taxes successfully cut back SSB consumption. Additional analysis from the College of Illinois Chicago means that Seattle’s SSB tax, applied in 2018, has efficiently diminished gross sales from sugar-taxed drinks by 23%, highlighting the sustainability of such insurance policies.

In keeping with a Nielsen knowledge comparability on the sugar tax in Philadelphia, a examine reported: “There’s a important dose–response relationship between the scale of the tax and the quantity of influence. A broad-based tax of 1 cent per ounce or extra is related to better levels of buying discount within the beverage classes focused by public well being advocates, i.e., smooth drinks and fruit drinks, whereas on the similar time incentivizing the acquisition of bottled water as an alternative.”

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles