In 2023, Indonesia led global molasses feed use with 554.93 thousand metric tons, followed by Australia and the United Kingdom at 399.81 and 313.24 thousand metric tons, respectively. Smaller volumes were noted in Canada, the Philippines, and especially minimal in South Africa and New Zealand. From the data, Indonesia and the Philippines show the highest year-on-year growth at 2.55%, with Paraguay slightly behind at 2.49%. Australian and UK markets showed modest increases, while Canadian volumes declined by 0.48%. Notably, New Zealand's volume remained unchanged, hinting at market stability there.
Future trends to watch involve Indonesia potentially maintaining a leading position due to its consistent growth rate. Emerging markets in the Philippines and Paraguay may also present growth opportunities. Conversely, the stagnation in New Zealand and South Africa suggests limited expansion. Monitoring these trends can provide key insights into the global molasses feed market dynamics over the coming years.
Top countries in Molasses Feed Use, Forecast 2020-2029 by Country
| # | 8 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 554.93 | 2029 | +2.21% | +2.55% | View data |
| 2 | 2 Australia | 399.81 | 2029 | +0.6% | +0.99% | View data |
| 3 | 3 United Kingdom | 313.24 | 2029 | -1.65% | +0.96% | View data |
| 4 | 4 Philippines | 202.81 | 2029 | +2.56% | +2.55% | View data |
| 5 | 5 Canada | 148.96 | 2029 | -0.8% | -0.48% | View data |
| 6 | 6 Paraguay | 24 | 2029 | +2.35% | +2.49% | View data |
| 7 | 7 South Africa | 0 | 2029 | +1.9% | +1.74% | View data |
| 8 | 8 New Zealand | 0 | 2029 | 0% | 0% | View data |
