The sweeteners market in Turkmenistan has exhibited a declining trend over the past decade, starting from an actual size of 101.0 thousand metric tons in 2014 to 70.0 thousand metric tons in 2023. The year-on-year variation for 2023 was -1.41%, indicating a continuing decrease. The Compound Annual Growth Rate (CAGR) for the last five years stands at -1.63%, highlighting an average yearly decrease. The market showed particular volatility between 2015 and 2018, marked by significant fluctuations.
Future trends predict a continued decline with the forecasted market size projected to reach 60.82 thousand metric tons by 2028. The forecasted five-year CAGR is -2.18%, indicating an overall 10.44% reduction.
Future trends to watch for include innovations in alternative sweeteners, potential economic recovery, health trends affecting sugar consumption, and international trade policies that might impact the market. Monitoring these factors could provide insights into potential stabilization or reversal of the current declining trend.
