Market Insights Consumer Food Spreads & Sweeteners

Sweeteners - Lesotho

Lesotho

Revenue in the Sweeteners market amounts to €3.50m in 2024. The market is expected to grow annually by 7.78% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€114,800m in 2024).
In relation to total population figures, per person revenues of €1.49 are generated in 2024.
In the Sweeteners market, volume is expected to amount to 2,105.00k kg by 2029. The Sweeteners market is expected to show a volume growth of 4.6% in 2025.
The average volume per person in the Sweeteners market is expected to amount to 0.8kg in 2024.

Key regions: South Korea, Philippines, Canada, United States, Japan

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Sweeteners Market in Lesotho has shown minimal growth due to various factors such as fluctuating consumer preferences, limited availability of raw materials, and higher prices of artificial sweeteners. However, increasing health consciousness and online access to sweetener products are expected to drive market growth in the future.

Customer preferences: Consumers in Lesotho are showing a growing preference for natural and organic sweeteners, driven by an increased focus on health and wellness. This shift is also influenced by cultural beliefs and traditional medicine practices that place a strong emphasis on natural remedies. As a result, demand for alternative sweeteners such as honey, stevia, and coconut sugar is on the rise. Additionally, with an increasing number of health-conscious consumers, there is a growing trend towards reduced-sugar and sugar-free products, creating a demand for low-calorie sweeteners.

Trends in the market: In Lesotho, there is a growing demand for natural and organic sweeteners, as consumers become increasingly health-conscious and seek out healthier alternatives to traditional sugar. This trend is expected to continue as more manufacturers introduce organic and natural sweeteners to their product lines. In addition, there is a rise in the use of sweeteners derived from alternative sources such as monk fruit and stevia. This shift towards healthier and more sustainable options has significant implications for industry stakeholders, as they must adapt to changing consumer preferences and invest in research and development to meet the demand for these products.

Local special circumstances: In Lesotho, the Sweeteners Market of the Spreads & Sweeteners Market within The Food market is influenced by the country's geographical location and climate. With limited agricultural resources, Lesotho relies heavily on imported food products, leading to a high demand for affordable sweeteners. Additionally, the country's cultural preference for sweet flavors in traditional dishes has also contributed to the growth of the sweeteners market. Moreover, the government's regulations on sugar and calorie intake have further shaped the market dynamics in Lesotho.

Underlying macroeconomic factors: The Sweeteners Market of the Spreads & Sweeteners Market within The Food market is heavily impacted by macroeconomic factors such as global trade policies, consumer purchasing power, and government regulations on food products. Countries with favorable trade agreements and stable economies are experiencing higher market growth compared to those with trade barriers and economic instability. Additionally, rising health concerns and increasing awareness about the negative effects of sugar consumption are driving the demand for alternative sweeteners, leading to market growth in regions with health-conscious consumers and supportive government policies.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.