Key Market Indicators
New Zealand's production of sweeteners is projected to decline slightly, reaching approximately 63,000 metric tons by 2028, down from 64,000 metric tons in 2023. This forecasted decrease represents an annual decline rate of 0.3% over the period. Since 2019, New Zealand has seen a consistent yearly reduction of 0.3% in sweetener supply. In the global ranking for 2023, New Zealand held the 91st position, with Guyana surpassing it at 64,000 metric tons. Leading the global production were Brazil, the United States, and Thailand, occupying the second, third, and fourth spots respectively. On the sales front, New Zealand's sweetener market is expected to see modest growth. Sales are projected to reach 272,000 metric tons by 2028, up from 270,000 metric tons in 2023. This translates to an average annual growth rate of 0.1%. Despite this slight increase in sales, the market has experienced a minor decline of 0.2% annually since 2019.
