Key Market Indicators
Beninese Sweeteners Production is poised for a significant decline, projected to fall to approximately 400 metric tons by 2028 from 1,000 metric tons in 2023. This represents an annual decrease of 15% in compound annual growth rate (CAGR). Since 2019, the country's sweetener supply has been shrinking by nearly 13% each year. In 2023, Benin ranked 125th globally in sweetener production, with Afghanistan surpassing it at 1,000 metric tons. Leading the world in sweetener production are Brazil, the United States, and Thailand, holding the second, third, and fourth positions, respectively. In contrast, Beninese sweeteners sales are on an upward trajectory. Sales are expected to reach around 106,000 metric tons by 2028, up from 103,000 metric tons in 2023. This growth translates to a modest annual increase of 0.5%. Since 2019, the Beninese market has seen a slight uptick of 0.4% annually.
