Key Market Indicators
The Malaysian sweeteners market is projected to experience modest growth over the next five years. Sales are expected to rise to 1.43 million metric tons by 2028, up from 1.41 million metric tons in 2023. This represents an average annual growth rate of 0.3%. However, this comes after a slight decline in the market, which has seen a 0.1% decrease annually since 2019. In terms of production, Malaysia is also set for an upward trajectory. Output is anticipated to grow to 661 thousand metric tons by 2028, from 636 thousand metric tons in 2023, marking an average annual growth rate of 0.6%. Since 2019, the country's supply has increased by 0.8% each year. In the global landscape, Malaysia ranked 41st in sweeteners production in 2023. Swaziland narrowly surpassed Malaysia with a production volume of 636 thousand metric tons. Brazil, the United States, and Thailand secured the second, third, and fourth positions, respectively, in this ranking.
