Key Market Indicators
Icelander Sweeteners Sales are projected to climb to 36,000 metric tons by 2028, up from 32,000 metric tons in 2023. This represents an average annual growth rate of 1.8%. The market has seen a consistent increase, averaging 2.7% growth per year since 2019. On the production side, Icelander Sweeteners output is expected to reach approximately 9,000 metric tons by 2028, up slightly from 9,000 metric tons in 2023. This marks a modest compound annual growth rate of 0.1%. Production levels in Iceland have remained stable since 2019. In 2023, Iceland ranked 116th in sweetener production, with Israel surpassing it at 9,000 metric tons. Leading the global production charts, Brazil, the United States, and Thailand held the second, third, and fourth positions, respectively.
