Key Market Indicators
Canadian sweeteners production is projected to reach 2.36 million metric tons by 2028, up from 2.11 million metric tons in 2023. This represents an annual growth rate of 1.8%. Since 2019, Canada’s sweetener supply has increased by an average of 1.3% each year. As of 2023, Canada ranked 23rd in global sweetener production, with Argentina surpassing it with the same production level of 2.11 million metric tons. The top producers in the ranking are Brazil, the United States, and Thailand, occupying the second, third, and fourth positions, respectively. In terms of sales, Canadian sweeteners are expected to reach 3.3 million metric tons by 2028, marginally down from 3.31 million metric tons in 2023. This indicates a stable market with no significant year-on-year change. Since 2019, the Canadian sweeteners market has experienced a slight decline, averaging a 0.4% decrease annually.
