The sweeteners market in Taiwan showed fluctuations in volume from 2014 to 2023, hovering around 680.0 Thousand Metric Tons. A notable drop occurred in 2020 with a 5.14% decrease, recovering slightly by 2021 with a 5.26% increase. The year-on-year variation in 2023 was -0.15%, consistent with the longer-term trend of slight decline, illustrated by a CAGR of -0.029% over the last five years.
Future trends to watch for include:
- A projected slight decline in market volume from 2024 to 2028 with a forecasted 5-year CAGR of -0.04%.
- Potential impacts of health trends favoring low-calorie and natural sweeteners.
- Government regulations affecting production and import of sweeteners.