Which Countries Consume the Most Molasses?

Vegetable And Animal Oils And Fats February 14, 2017
Author: Sergey Avramenko
Head of Global Markets Research Team

molasses market

Photo: © ecuadorpostales / Bigstockphoto

The global molasses market dynamic fluctuated over the period under review. A significant drop in 2009 was followed by a period of recovery over the next three years, until the market contracted again. From 2013-2014, the market showed ascent, finally reaching 65,566 thousand tonnes. In value terms, the market grew by +6.0% per year, finishing at 9,885 million USD in 2015.

According to market research conducted by IndexBox, the countries with the highest consumption were Brazil (15,538 thousand tonnes), India (12,221 thousand tonnes), Thailand (5,764 thousand tonnes), China (4,488 thousand tonnes) and the U.S. (2,638 thousand tonnes), together comprising almost 62% of global consumption.

The highest annual rates of growth of molasses consumption from 2007 to 2015 were recorded in Thailand, with +11.1% growth, and Mexico, with +4.4% growth. Following significant consumption growth rates, Thailand significantly strengthened its share in terms of global consumption from 4% in 2007, to 9% in 2015. By contrast, the shares of India and China declined over the period under review.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Thailand (85 kg/person in 2015), and Brazil (75 kg/person), which was significantly higher than the world average of 9 kg/person. The annual growth of per capita consumption from 2007 to 2015 was the most notable in Thailand, with a +10.8% growth, and Mexico with +2.9% growth.

Top 10 countries consuming the most molasses in 2015

Do you want to know more about the global molasses market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • molasses market share
  • molasses prices
  • molasses industry
  • molasses sales
  • molasses market forecast
  • molasses price forecast
  • key molasses producers

Source: World: Molasses - Market Report. Analysis And Forecast To 2025