Global Molasses Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global molasses market in its upcoming report titled, “Global Molasses Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global molasses market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global molasses market report has been segmented on the basis of source, product type, nature, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Molasses is also known as black treacle, is a sweetening agent that is used in baking and cooking. Molasses is commonly extracted from sugarcane or sugar-beet. It is also made using dates, sorghum, pomegranates, etc. Molasses is in thick brown syrup form. Sugar content in molasses depends upon the method of extraction. There are different types of molasses available in the market with different consistency, color, and flavor. Molasses contains various minerals such as copper, iron, manganese, potassium, vitamins, and calcium. Light molasses, dark molasses, Blackstrap, Un-Sulfured molasses and Sulfured molasses are some types of molasses that are available in the market. Molasses provides a healthy alternative to refined sugar. Molasses is also used in the construction industry as an ingredient in mortar for brickwork and as a solid additive in horticulture.
The increasing consumption of molasses in convenient food or ready-to-eat food items as a sweeting agent, resulting into increasing demand of molasses in the food industry, anticipated to propel the growth of the molasses market over the forecast period. The increasing use of molasses in bakery product is another factor fueling growth of the target market. Rising health consciousness and increasing demand for low calorie food which contains molasses as thickening agent is also expected to drive growth of the global market over the forecast period. The increasing applications of molasses in other industries such as agriculture, horticulture, and construction also expected to boost the demand of the molasses and fuel the market over the long run.
However, over consumption of molasses can adversely affect the health of an individual and may result in diabetes and complications for digestive system, which can also hamper the growth of the global molasses market.
Availability of different flavored molasses and promotional activities by manufacturing companies to increase awareness about health benefits of molasses among individuals can create higher revenue opportunities for players in the target market.
The market in Asia Pacific accounts for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, followed by market in Europe and North America. The market in Latin America is expected to witness significant growth in terms of revenue over the forecast period.
Global Molasses Market Segmentation:
Segmentation by source:
Segmentation by product type:
- Regular Molasses
- Blackstrap Molasses
- Others (Light Molasses, Dark Molasses, etc.)
Segmentation by nature:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Michigan Sugar Company
- B&G Foods, Inc.
- Crosby Molasses Company Limited
- Spreckels Sugar Company, Inc.
- Cora Texas Manufacturing Company, LLC
- Malt Products Corporation
- Westway Feed Products LLC
- Good Food, Inc.
- Sweet Harvest Foods Inc.
- Domino Foods, Inc.
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