The import volume of sweeteners in India has shown notable growth from 2014 to 2023, rising from 1.55 million metric tons in 2014 to 2.51 million metric tons in 2023, marking a consistent increase. Over the years, the sector experienced significant fluctuations, with sharp rises such as the 30.2% increase in 2016, followed by declines like the 25.04% drop in 2018. Recent years have depicted a more stable pattern, with year-on-year variations like 1.95% in 2023 and a CAGR of 3.9% over the last five years.
Forecast data suggest continued growth, albeit at a slower pace, with a forecasted CAGR of 1.37% over the next five years, translating to a 7.04% total growth rate by 2028. This implies a gradual stabilization in the import volume of sweeteners.
Future trends to monitor include potential shifts in global trade policies, technological advancements in sweetener production, and changing consumer preferences towards healthier alternatives, which could influence import volumes.
