The sweeteners market in Nigeria showed fluctuating trends from 2014 to 2023. The market saw a notable drop in 2020 by 16.72%, primarily due to external factors likely linked to economic disruptions. Post-2020, there was a sharp recovery with a significant increase of 20.94% in 2021. This trend continued with modest growth in subsequent years, peaking at 2.12 million metric tons in 2023, showing a year-on-year increase of 0.33% and a 5-year CAGR of 0.27%. Projections indicate consistent growth, reaching 2.16 million metric tons by 2028.

Future trends to watch for:

Adoption of natural and low-calorie sweeteners driven by health-conscious consumer behavior.
Potential economic fluctuations affecting import and production costs.
Government regulations and policies on sugar and sweeteners impacting market dynamics.