Key Market Indicators
Chilean sweeteners production is projected to decline slightly, reaching around 268,000 metric tons by 2028, down from 270,000 metric tons in 2023. This marks a 0.1% annual decrease. Since 2019, the country's sweeteners output has fallen by an average of 0.3% each year. In the global ranking for 2023, Chile secured the 65th position, with Paraguay just ahead at 270,000 metric tons. Leading the list were Brazil, the United States, and Thailand in the second, third, and fourth spots, respectively. On the sales front, the Chilean sweeteners market is expected to grow modestly. Sales are forecasted to increase to approximately 880,000 metric tons by 2028, up from 875,000 metric tons in 2023. This represents a 0.1% annual growth rate. Since 2019, the market has shown a consistent year-on-year increase of 0.1%.
