Molasses Market - By Type (Blackstrap Molasses, Dark or medium Molasses, Light Molasses, Powdered Molasses, Golden syrup, Treacle) By Category (Organic, Conventional) By Source & Global Forecast, 2023-2032
Description
Molasses Market - By Type (Blackstrap Molasses, Dark or medium Molasses, Light Molasses, Powdered Molasses, Golden syrup, Treacle) By Category (Organic, Conventional) By Source & Global Forecast, 2023-2032
Molasses market size is projected to expand at over 2.7% CAGR from 2023 to 2032, due to extensive application in animal feed as cost-effective energy sources and nutrient-rich supplements. Molasses finds usage in the production of alcoholic beverages, leading to their higher demand in the beverage sector. The growing awareness of the nutritional benefits of molasses will further compliment the industry growth.
The expanding popularity of natural sweeteners coupled with rich flavor profile is also increasing the use of molasses in the food domain. Moreover, higher utilization in the manufacturing of bioethanol and the surging popularity of molasses as soil conditioners in agriculture is driving product innovations, further enhancing the market growth. For instance, in May 2021, International Molasses introduced CaneRite panela, a natural, free-flowing powder sweetener derived from the juice extracted from entire sugar cane plant.
The market in segregated into type, application, category, source, and region.
Based on type, the powdered molasses market is estimated to accumulate sizeable revenue share and strike 3.5% CAGR through 2032. The increasing convenience and extended shelf life of powdered molasses is making it a preferred choice for various applications. In addition, the versatility offered in food and beverage processing along with the rising trend of convenient and sustainable ingredients will fuel the product adoption.
Molasses industry size from the animal feed application segment is projected to record 2.7% CAGR from 2023 to2032. The growth is due to the rising consideration of molasses as a cost-effective and nutrient-rich ingredient for animal feed. Molasses enhance the palatability of feed by acting as supplementary energy source. The optimum utilization of molasses in animal feed will also continue to increase with the growing demand for high quality animal nutrition.
Regionally, the Europe molasses market is slated to expand at 2.5% CAGR during 2023-2032, due to the high demand for natural sweeteners in the food and beverage sector. The versatile applications of molasses, including usage in animal feed and industrial processes are driving its popularity in the region. Additionally, the rising awareness of the nutritional benefits of molasses will fuel its adoption in diverse sectors across the region.
Table of Contents
180 Pages
- Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Molasses Market 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023 - 2032
- 2.3 Regional trends
- 2.4 Type trends
- 2.5 Category trends
- 2.6 Application trends
- 2.7 Source Channel trends
- Chapter 3 Molasses Market Industry Insights
- 3.1 Impact of COVID-19
- 3.2 Impact of the Russia-Ukraine war
- 3.3 China-U.S. trade war impact
- 3.4 Industry ecosystem analysis
- 3.5 Type & innovation landscape
- 3.6 Patent analysis
- 3.7 Key news and initiatives
- 3.7.1 Partnership/Collaboration
- 3.7.2 Merger/Acquisition
- 3.7.3 Investment
- 3.7.4 Product launch & innovation
- 3.8 Regulatory landscape
- 3.9 Impact forces
- 3.9.1 Growth drivers
- 3.9.2 Industry pitfalls & challenges
- 3.10 Growth potential analysis
- 3.11 Porter's analysis
- 3.12 PESTEL analysis
- Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company market share, 2022
- 4.3 Competitive analysis of major market players, 2022
- 4.4 Competitive positioning matrix, 2022
- 4.5 Strategic outlook matrix, 2022
- Chapter 5 Molasses Market Estimates & Forecast, By Type
- 5.1 Key trends, By Type
- 5.2 Blackstrap Molasses Market
- 5.3 Dark or medium Molasses Market
- 5.4 Light Molasses Market
- 5.5 Powdered Molasses Market
- 5.6 Golden syrup
- 5.7 Treacle
- Chapter 6 Molasses Market Estimates & Forecast, By Category
- 6.1 Key trends, By Category
- 6.2 Organic
- 6.3 Conventional
- Chapter 7 Molasses Market Estimates & Forecast, By Application
- 7.1 Key trends, By Application
- 7.2 Food and beverage
- 7.3 Animal feed
- 7.4 Pharmaceuticals and personal care
- 7.5 Industrial applications
- 7.6 Other applications
- Chapter 8 Molasses Market Estimates & Forecast, By Source
- 8.1 Key trends, By Source
- 8.2 Sugarcane
- 8.3 Sugar Beets
- 8.4 Others
- Chapter 9 Molasses Market Estimates & Forecast, By Region
- 9.1 Key trends, by region
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Indonesia
- 9.4.6 Australia
- 9.4.7 Malaysia
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
- Chapter 10 Company Profiles
- 10.1 ED&F Man
- 10.2 Archer Daniels Midland Company (ADM)
- 10.3 Wilmar International
- 10.4 Bunge Limited
- 10.5 Cargill Incorporated
- 10.6 Louis Dreyfus Company
- 10.7 Amalgamated Sugar Company
- 10.8 Spreckels Sugar Company
- 10.9 American Crystal Sugar Company
- 10.10 Nippon Beet Sugar Manufacturing Co., Ltd.
- 10.11 Crosby Molasses Market Company
- 10.12 International Molasses Market Corporation, Ltd.
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