Key Market Indicators
Saudi Arabia's production of sweeteners is projected to decline significantly, reaching approximately 117,000 metric tons by 2028. This marks a drop from the current production level of 143,000 metric tons in 2023, translating to an average annual decrease of 3.2%. Since 2019, the country's sweetener supply has been on a downward trend, decreasing by an average of 3.7% each year. In 2023, Saudi Arabia ranked 80th in global production, with Romania surpassing it by producing the same amount, 143,000 metric tons. Leading the global rankings are Brazil, the United States, and Thailand, holding the second, third, and fourth positions, respectively. In contrast, sweetener sales in Saudi Arabia are expected to see a modest increase. Sales are forecasted to reach around 1.14 million metric tons by 2028, up from 1.1 million metric tons in 2023. This represents an average annual growth rate of 0.6%. Since 2019, the Saudi sweetener market has experienced a slight uptick, growing at an average rate of 0.8% per year.
