Key Market Indicators
The Lao Sweeteners Sales market is projected to grow from 121,000 metric tons in 2023 to approximately 125,000 metric tons by 2028, reflecting a steady annual growth rate of 0.5%. This consistent upward trend has been observed since 2019, with the market posting a 0.5% year-on-year increase. Meanwhile, Lao Sweeteners Production is expected to rise from 19,000 metric tons in 2023 to around 22,000 metric tons by 2028, marking an average annual growth rate of 2.3%. Notably, the country's supply has shown a more robust increase of 3.5% year-on-year since 2019. In 2023, Laos ranked 109th globally in sweeteners production. Bosnia and Herzegovina surpassed Laos with a production volume of 19,000 metric tons. Leading the global rankings were Brazil, the United States, and Thailand, occupying the second, third, and fourth positions, respectively.
