The forecasted data shows an increasing trend in sweeteners production in Nigeria from 2024 to 2028. The year-on-year values are:
- 2024: 49.62 Thousand Metric Tons
- 2025: 51.28 Thousand Metric Tons (3.34% increase)
- 2026: 52.91 Thousand Metric Tons (3.18% increase)
- 2027: 54.5 Thousand Metric Tons (3.00% increase)
- 2028: 56.07 Thousand Metric Tons (2.88% increase)
The Compound Annual Growth Rate (CAGR) over the 5-year period from 2024 to 2028 is approximately 3.10%.
Future trends to monitor include shifts in consumer preferences towards natural sweeteners, potential impacts of government regulation on sugar consumption, and advancements in agricultural technologies that could boost production efficiency.
