The forecasted production of molasses in India indicates a steady growth from 2024 to 2028. Starting at 13.719 million metric tons in 2024, production is expected to increase annually, reaching 14.684 million metric tons by 2028. The year-on-year growth rate is approximately 1.8%. This increase suggests a stable upward trend, supported by conducive agricultural policies and advancements in sugarcane cultivation techniques, which remains the primary source of molasses.
Future trends to watch for:
- Impact of climate change on sugarcane yields, potentially affecting molasses production.
- Shifts in governmental regulations and subsidies that could influence production costs and output.
- Growing demand in the biofuels industry, with molasses being a key input.
- Innovations in alternative uses of molasses, possibly diversifying market demands.
