In 2023, the molasses market size in France stood at 110.4 million Euros, having experienced a year-on-year decrease of 3.42%. Over the past decade, the molasses market showed declining trends, with significant drops in value from 2013 to 2018. However, there was a resurgence from 2019 to 2021, coinciding with increased demand and favorable market conditions. The CAGR indicates variable average yearly growth rates, with a marked recovery period in the late 2010s and early 2020s.
Projected figures from 2024 to 2028 suggest a downward trajectory, with an expected 5-year CAGR of -3.01%, leading to a cumulative decline of 14.16% by 2028. This indicates a market contraction, possibly due to changing consumption patterns, supply chain issues, and alternative product choices.
Future trends to watch for include:
- Impact of health and wellness trends driving decreased sugar consumption
- Emerging alternative sweeteners affecting molasses demand
- Technological innovations enhancing production efficiencies
- Global supply chain adaptations post-COVID-19
Monitoring these trends will be crucial for anticipating the market's future direction and implementing strategic decisions.
