The global Molasses market is anticipated to grow significantly at a CAGR of 5.0% over the forecast period (2021-2027). The key aspect that drives the growth of the global Molasses market is the wide range of health benefits and features associated with the consumption of molasses. Molasses is a natural sweetener containing various nutrients such as vitamin B6, calcium, potassium, copper, iron, and magnesium among others. Light molasses, dark molasses, and blackstrap molasses are among the three types of molasses produced during sugar production. Light molasses is the sweetest and used in baking, dark molasses is less sweet than light one and can also be used for baking, while blackstrap molasses is the darkest and thickest one, which contains most vitamins and minerals. Molasses is extensively used in the food products & additives, such as, in the making of bakery products, various alcoholic and non-alcoholic beverages among others.
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On the other hand, there are various other uses of molasses, such as, as medicinal form. There are various health benefits associated with the consumption of molasses, for instance, it maintains bone health as it contains the amount of calcium, it aids in improving heart health as it contains potassium and promotes better blood circulation, and improves heart health. In addition, molasses is also rich in antioxidants, hence, can also aid in the prevention of cancer. Besides, molasses also has various industrial uses and horticulture uses. Thus, such a wide range of applications along with a variety of benefits associated with the molasses is likely to drive the growth of the market over the forecast period.
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Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Category, By Source, and By Applications
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- AMORETTI, B&G Foods, Inc., E D & F Man Holdings Ltd., Michigan Sugar Co., Molasses Feed Ltd., Good Food Inc., Malt Products Corp., The Archer Daniels Midland Co., and Westway Feed Products LLC among others
Global Molasses Market – Segmentation
By Category
- Organic
- Conventional
- By Source
- Sugarcane
- Sugar Beet
By Applications
- Food Products & Additives
- Industrial
- Horticulture
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
