Key Market Indicators
Thailand's sweeteners production is projected to climb to approximately 20 million metric tons by 2028, up from around 18 million metric tons in 2023. This represents an average annual growth rate of 1.5%. Since 2019, the country's supply has seen a modest year-on-year increase of 0.3%. In 2023, Thailand ranked fourth globally in sweeteners production, trailing behind the United States, which also produced about 18 million metric tons. Brazil and the United States held the second and third positions, respectively, in this ranking. Meanwhile, Thai sweeteners sales are expected to reach nearly 3 million metric tons by 2028, a slight rise from around 2.8 million metric tons in 2023. This growth rate averages out to 0.3% per year. Since 2019, the Thai market has consistently expanded at a similar annual rate.
