Key Market Indicators
Indonesian Sweeteners Sales are projected to reach 5.9 million metric tons by 2028, up from 5.5 million metric tons in 2023. This reflects an average annual growth rate of 1.1%. Since 2019, the market has seen a steady increase of 0.5% per year. In terms of production, Indonesia is expected to maintain its output at 2.3 million metric tons through 2028, showing no significant change from its 2023 levels. Over the past four years, production has experienced a modest annual growth rate of 0.2%. In 2023, Indonesia ranked 20th globally in sweeteners production, with the Philippines slightly ahead at the same production level of 2.3 million metric tons. Brazil, the United States, and Thailand occupied the second, third, and fourth positions, respectively.
