Key Market Indicators
The Swedish sweeteners market is projected to witness a marginal decline in sales, dropping from approximately 483,000 metric tons in 2023 to around 482,000 metric tons by 2028. This represents a negligible year-on-year decrease, maintaining a flat trend on average. The market has seen a slight downturn since 2019, with an annual decline of 0.2%. On the production front, Sweden's output of sweeteners is expected to decrease more noticeably. Production is forecasted to fall from 344,000 metric tons in 2023 to roughly 321,000 metric tons by 2028, marking an annual compound growth rate (CAGR) of -1.1%. Since 2019, the country's sweetener production has been shrinking at an average annual rate of 1.4%. In the global context, Sweden ranked 62nd in sweetener production in 2023, with Ethiopia surpassing Sweden at the same production level of 344,000 metric tons. The leading producers in the sweeteners market were Brazil, the United States, and Thailand, occupying the second, third, and fourth spots, respectively.
