Key Market Indicators
Sales of sweeteners in South Korea are projected to reach approximately 2,150 thousand metric tons by 2028, up from around 2,100 thousand metric tons in 2023. This marks an average annual growth rate of 0.4%. Since 2019, the South Korean market has experienced a steady increase of 0.5% per year. On the production front, South Korea is expected to produce about 1,790 thousand metric tons of sweeteners by 2028, rising from 1,680 thousand metric tons in 2023. This represents an average annual growth rate of 1%. Since 2019, the country's sweetener production has increased at an annual rate of 1.2%. In 2023, South Korea ranked 25th in sweetener production, with the Netherlands surpassing it by producing 1,680 thousand metric tons. Brazil, the United States, and Thailand occupied the second, third, and fourth spots, respectively.
