Key Market Indicators
Uruguay’s sweetener sales are projected to reach approximately 190,000 metric tons by 2028, a slight increase from 188,000 metric tons in 2023. The market has been experiencing a modest growth rate of 0.2% annually since 2019. In terms of production, Uruguay is expected to produce nearly 50,000 metric tons of sweeteners by 2028, up from 48,000 metric tons in 2023. This marks an annual growth rate of 0.5% in compound annual growth rate (CAGR) terms. Since 2019, the country's sweetener production has risen by 0.4% each year. In the global context, Uruguay ranked 98th in sweetener production in 2023, with Nigeria surpassing it by producing the same 48,000 metric tons. Leading the rankings were Brazil, the United States, and Thailand, occupying the second, third, and fourth spots respectively.
