Key Market Indicators
Madagascar's sweeteners production is anticipated to rise, reaching approximately 132,000 metric tons by 2028. This marks an increase from an estimated 118,000 metric tons in 2023, with an average annual growth rate of 1.7%. Since 2019, the country's supply has been steadily climbing, showing a year-on-year increase of 2.6%. In 2023, Madagascar ranked 85th globally in sweeteners production, with Moldova surpassing it by producing 118,000 metric tons. Leading the global rankings were Brazil, the United States, and Thailand, occupying the second, third, and fourth spots respectively. On the sales front, Madagascar's sweeteners market is projected to hit roughly 233,000 metric tons by 2028, up from 224,000 metric tons in 2023. The compound annual growth rate (CAGR) for sales is expected to be 0.7%. Since 2019, the Malagasy market has experienced a modest annual growth rate of 0.8%.
