As of 2023, the sweeteners market volume in China stood at 11.32 million metric tons. The volume has shown fluctuations over the past decade, reaching a peak of 12.87 million metric tons in 2014, followed by a general decline. The most significant drops occurred in 2015 and 2016 with year-on-year variations of -3.58% and -9.51%, respectively. Recent years have seen milder declines, with a year-on-year change of -0.7% in 2022 and -0.68% in 2023. Over the last five years, the market experienced an average annual decrease in volume (CAGR) of -0.88%.
Looking ahead to 2028, the forecast suggests a continued decline, reaching 10.91 million metric tons, with a projected CAGR of -0.58% over the next five years. This indicates a decelerating yet consistent reduction in market volume.
Future trends to watch for:
- Shifting consumer preferences towards natural and low-calorie sweeteners.
- Regulatory changes impacting the production and use of artificial sweeteners.
- Innovation in alternative sweeteners and their market penetration.
