Key Market Indicators
Japanese Sweeteners Sales are projected to decline to approximately 3.1 million metric tons by 2028, down from around 3.2 million metric tons in 2023. This represents a year-on-year decrease of 0.4% in the compound annual growth rate (CAGR). Since 2019, the Japanese sweeteners market has been shrinking at an annual rate of 0.5%. On the production side, Japanese Sweeteners Production is expected to reach 2.4 million metric tons by 2028, up from 2.3 million metric tons in 2023. This marks a modest annual growth rate of 0.3% on average. Since 2019, the country's supply has seen a slight increase of 0.2% per year. In 2023, Japan ranked 21st globally in sweeteners production, with Indonesia surpassing it at 2.3 million metric tons. Leading the rankings were Brazil, the United States, and Thailand, occupying the second, third, and fourth spots, respectively.
