Key Market Indicators
**Taiwanese Sweetener Sales Projected to Decline Slightly by 2028** Taiwan's sweetener market is projected to experience a minor decline over the next five years. Sales are expected to hit approximately 678,000 metric tons by 2028, down from around 680,000 metric tons in 2023. This represents a negligible year-on-year compound annual growth rate (CAGR) of 0%. The market has seen a steady decrease since 2019, maintaining the same year-on-year decline of 0%. **Production Forecast Shows Gradual Decline** In line with sales, sweetener production in Taiwan is also forecasted to decrease. By 2028, production is anticipated to reach around 161,000 metric tons, down from 164,000 metric tons in 2023. This marks an average annual decline rate of 0.3%. Since 2019, the production rate has dropped by 1.1% annually. **Global Ranking and Competition** Taiwan was ranked 78th in sweetener production globally in 2023. Algeria surpassed Taiwan with a production total of 164,000 metric tons. Among the leading producers, Brazil, the United States, and Thailand occupied the second, third, and fourth positions, respectively.
