The UK molasses market has seen fluctuations in consumption over the past decade, with a gradual decline from 8.51 kilograms per capita in 2013 to 7.26 kilograms per capita in 2023. Notable year-on-year variations include a 1.83% drop from 2022 to 2023. Over the last five years, the market experienced a CAGR of approximately -1.65%, indicating a steady decrease in per capita consumption.
Looking forward, key trends to watch include shifts in consumer preferences towards healthier sweeteners, potential regulatory changes impacting sugar production, and innovations in molasses usage in food and non-food industries.
