In 2024, UK molasses production is forecasted to be 355.75 thousand metric tons. This marks a resumption from the latest known figures for 2023, although their specific value isn't provided here. Forecasts from 2024 to 2028 indicate a steady and moderate rise in production, reaching 361.69 thousand metric tons by 2028. Year-on-year growth rates suggest consistent increases, with a compound annual growth rate (CAGR) reflecting modest expansion over the five years.
Future trends to monitor include potential impacts from climate change on sugar beet yields, input costs, and changes in both global and local demand for molasses, particularly in biofuel and food industries.
