Molasses is a viscous product obtained from refining sugarcane or sugar beets into sugar. Molasses varies by the amount of sugar, method of extraction, and age of the plant. Molasses is primarily used for sweetening and flavoring foods. The global molasses market is projected to grow at a modest CAGR of 5.0% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the demand for molasses from the food products & additives industries across the globe. Molasses is also used for various industrial purposes such as a minor component of mortar for brickwork, and molasses is mixed with gelatin glue and glycerin when casting composition ink rollers on early printing presses. It is also used in the horticultural, as a soil additive to promote microbial activity. Hence, such uses of molasses in such industries are likely to propel the growth of the market.
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The demand for molasses in the food products & additives industry is on the surge as it offers many health benefits, acts as a natural sweetener, contains high nutritional contents, and other vital elements such as vitamin B6, magnesium, calcium, iron, and selenium which are necessary for the human body. Hence, this is also likely to contribute to the growth of the market over the forecast period. Furthermore, there has also been some use of molasses witnessed in the papermaking Molasses contains sucrose, which cannot be recovered by economic methods. Hence, this is likely to create substantial growth opportunities for the market over the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Molasses Market – Segmentation
By Category
- Organic
- Conventional
By Source
- Sugarcane
- Sugar Beet
By Applications
- Food Products & Additives
- Industrial
- Horticulture
Global Molasses Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Molasses market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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