Molasses Market Research Report—Forecast till 2023
Molasses Market Research Report—Forecast till 2023
Molasses Market Research Report—Forecast till 2023
Market Insights: The global molasses market has been segregated, by category, into organic and conventional. The conventional segment is expected to garner major share in the global molasses market owing to the huge availability of conventional molasses. However, the organic segment is anticipated to project a higher CAGR during the forecast period due to the rising inclination of consumers towards organic products.
The global Molasses Market is been classified, by source, into sugarcane, sugar beets and others. The sugarcane segment is expected to gain largest share, owing to the factor that sugarcane is cultivated on a large scale and the cost of the process to extract molasses is low.
Molasses is a viscous bi-product obtained from refining sugarcane and sugar beets into sugar. Sugarcane and sugar beets molasses has a thicker texture. Molasses is produced on a large scale in Thailand, India, Brazil, Taiwan, the United States and Philippines, as the sugarcane cultivation rate is high in these countries. Molasses is used for healing burns, treating constipation, alleviating blood pressure, and reducing fat accumulation in the human body. Thus, considering these factors, molasses market is expected witness high growth in forecast period.
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Molasses Market Research Report—Forecast till 2023
Key Players: Some of the key players in the global molasses market are Michigan Sugar Company (US), B&G Foods, Inc.(US), Crosby Molasses Co Ltd. (Canada), The Archer Daniels Midland Company (US), Cora Texas Manufacturing Company, LLC (US), Malt Products Corporation (US), Westway Feed Products LLC (US), Good Food Inc. (US), E D & F Man Holdings Limited (UK), B&G Foods, Inc. (US), Sweet Harvest Foods Inc. (US), Domino Specialty Ingredients (US).
Regional Analysis: The global molasses market has been segmented based on region, into North America, Europe, AsiaPacific, Rest of the World.
Asia-Pacific is expected to dominate the global molasses market owing to the large production of molasses in the region. Countries such as India, Thailand, Philippines and Indonesia are among the largest producers of molasses in the region.
Intended Audience •
Molasses producers/processors
•
Food & beverage manufacturers
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Animal feed manufacturers
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Raw material suppliers and distributors
•
Traders, exporters, and importers
Molasses Market Research Report—Forecast till 2023
Market Segmentation: Global Molasses Market, by Type •
Light
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Dark
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Blackstrap
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Others
Global Molasses Market, by Category •
Organic
•
Conventional
Global Molasses Market, by Source •
Sugarcane
•
Sugar beets
•
Others
Molasses Market Research Report—Forecast till 2023