From 2013 to 2023, Portugal's molasses market volume exhibited fluctuations, peaking at 79.769 million kilograms in 2013 and dropping to 62.148 million kilograms by 2023. Year-on-year variations indicate significant declines, particularly in 2014 and 2020, followed by periods of recovery. The Compound Annual Growth Rate (CAGR) over the last five years reflects a gradual stabilization, slightly positive at 0.54% by 2023.
Looking ahead, potential trends in the molasses market may include:
- Market stabilization or growth driven by demand adjustments or innovations in usage.
- Impacts of policy changes or environmental regulations on both production and consumption.
- Shifts towards alternative sweeteners affecting market dynamics.
