The molasses market in Portugal showed a decline in per capita consumption from 2013 to 2023. In 2023, the market size volume per capita stood at 6.16 kilograms, marking an improvement from the previous year, but historically lower compared to 2013, when it was 7.63 kilograms per capita. Year-on-year changes highlight a slight increase from 2022 to 2023, rebounding from earlier declines. Over the past five years, the compound annual growth rate (CAGR) indicates a modest average yearly growth, suggesting a stabilizing trend in recent years.
Future trends to watch for include the potential impact of health-conscious consumer behaviors and regulatory changes on sugar-related product consumption. Additionally, monitoring market innovations and alternative sweeteners may provide insights into future market directions for molasses in Portugal.
