Key Market Indicators
Guatemala's sweeteners market is poised for steady growth, with sales projected to reach approximately 1 million metric tons by 2028. This marks an increase from around 940,000 metric tons in 2023, reflecting an annual growth rate of 1.3%. The market has consistently expanded at this rate since 2019. On the production front, Guatemala is expected to produce about 3.2 million metric tons of sweeteners by 2028, up from 3.1 million metric tons in 2023. This represents a modest annual growth rate of 0.2%. Since 2019, the country's production has increased by an average of 0.4% annually. In the global context, Guatemala ranked 14th in sweeteners production in 2023, with Ukraine slightly ahead at 3.1 million metric tons. Brazil, the United States, and Thailand occupied the second, third, and fourth positions, respectively.
