Key Market Indicators
Nepal's sweeteners production is projected to reach approximately 442,000 metric tons by 2028, up from 388,000 metric tons in 2023. This represents an average annual growth rate of 2.1%. Since 2019, the country's supply has seen a yearly increase of 5.1%. In 2023, Nepal ranked 58th globally in sweeteners production, with Mozambique slightly ahead, also producing 388,000 metric tons. Leading the global rankings were Brazil, the United States, and Thailand, holding the second, third, and fourth positions respectively. On the sales front, Nepal's sweeteners market is set to expand to about 292,000 metric tons by 2028, growing from 273,000 metric tons in 2023. This indicates an average annual growth rate of 1%. Since 2019, the market has seen a yearly increase of 0.9%.
