Malaysia's sweeteners production has shown considerable fluctuations from 2014 to 2023. After a decline of 5.76% in 2015, production bounced back with a notable 13.36% increase in 2016. From 2017 onwards, growth has been modest, with slight year-on-year variations. In 2023, the production stood at 636.0 thousand metric tons, which represented a 0.79% increase from the previous year. The last 5-year CAGR was 0.77%, indicating steady but slow growth.
Forecasts indicate a continued modest increase through to 2028, with a forecasted 5-year CAGR of 0.6% and an overall growth rate of 3.03%. Key future trends to watch include potential shifts in consumer preferences towards natural sweeteners, regulatory changes, or innovations in sweetener production technologies, influencing the industry landscape.
