Key Market Indicators
**Chinese Sweeteners Production to Decline by 2028** China's production of sweeteners is projected to decline to approximately 10 million metric tons by 2028, down from roughly 11.4 million metric tons in 2023. This represents an average annual decrease of 2%. The decline is part of a longer-term trend, as the country's supply has been falling at an average rate of 3% per year since 2019. In 2023, China ranked as the sixth-largest producer of sweeteners globally. Russia has overtaken China with production also at around 11.4 million metric tons. Brazil, the United States, and Thailand hold the second, third, and fourth positions respectively in the global ranking. **Chinese Sweeteners Sales to Slightly Decline by 2028** Sales of sweeteners in China are also expected to decrease, reaching approximately 10.9 million metric tons by 2028 from about 11.3 million metric tons in 2023. This marks a compound annual growth rate (CAGR) decline of 0.6%. Since 2019, the Chinese market for sweeteners has been contracting at an annual rate of 0.9%.
