Molasses Market Research Report - Forecast till 2027

Molasses Market Research Report: Information by Type (Light, Dark, Blackstrap and Others), Category (Organic, Conventional), Source (Sugarcane, Sugar beets and others), Application (Food & Beverages, Animal Feed, Biofuel and others) and Region — Global Forecast 2027

ID: MRFR/F-B & N/5542-HCR | February 2021 | Region: Global | 90 pages

Please note that the assessment period of the report has been updated from 2019-2027 to 2020-2027. Cordially fill Sample form for the updated data.

Market Scenario


Molasses is witnessing a high growth in the food and beverage and animal feed industry due to the health benefits offered by it. Molasses is gaining popularity and is used in various food and beverages as a sweetener, and due to its high nutritional content. Molasses is enriched with vitamin B6, magnesium, calcium, iron, and selenium which are vital for human body. The market is experiencing a rise in its growth owing to the increasing demand for molasses due high nutrient content.


The food & beverage processors are focusing on their R&D activities to launch new and innovative products using molasses, as there is an increasing demand for the molasses in food and beverage industry. In addition, the players are also focusing on making such products accessible and visible to the customers across the globe, owing to its antioxidant properties. Moreover, molasses is high in calcium and magnesium content, which helps in preventing from diseases such as osteoporosis and asthma. Thus, these factors are expected to drive the molasses market during the forecast period.


Segmentation


The global molasses market has been segmented based on type, category, source, application, and region.


By type, the global molasses market has been bifurcated as light, dark, blackstrap and others.


Based on category, the global molasses market has been segregated as organic, and conventional.


On the basis of source, the global molasses market has been classified as sugarcane, sugar beets and others.


The global molasses market has also been segregated, on the basis of application, into food & beverages, animal feed, biofuel, and others.


The global molasses market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American molasses market has further been segmented into the US, Canada, and Mexico. The European molasses market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The molasses market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The molasses market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players


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) are some of the key players in the global molasses market.


Regional Market Summary


Global Molasses Market Share (%), by Region, 2019


Molasses Market

Type: Secondary Types and MRFR Analysis


Asia Pacific is expected to dominate the molasses market during the forecast period. The region’s dominance can be attributed to various factors such as the presence of several market players, increasing awareness regarding health benefits of molasses. Molasses provides several health benefits, which leads to its usage in improving bone health, heart health and maintain blood sugar levels. Increasing usage of molasses in animal feed by European consumers is expected to render a significant share of the market to Europe during the upcoming years. However, North America is anticipated to register the highest CAGR due higher inclination of consumers towards using molasses as a sweetener in the production of food & beverages. Molasses is also used as a major ingredient in the production of alcoholic beverages such as rum and beer. Which in turn, boost the consumption of molasses in the rest of the world market.


Global Molasses Market, by Type

  • Light

  • Dark

  • Blackstrap

  • Others


Global Molasses Market, by Category

  • Organic

  • Conventional


Global Molasses Market, by Source

  • Sugarcane

  • Sugar beets

  • Others


Global Molasses Market, by Application

  • Food & Beverages

  • Animal Feed

  • Biofuel

  • Others


Global Molasses Market, by Region North America

  • US

  • Canada

  • Mexico


Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Europe


Asia-Pacific

  • Japan

  • China

  • India

  • Australia and New Zealand

  • Rest of Asia-Pacific


Rest of the World (RoW)

  • South America

  • Middle East

  • Africa


Intended Audience

  • Molasses producers/processors

  • Food & beverage manufacturers

  • Animal feed manufacturers

  • Raw material suppliers and distributors

  • Traders, exporters, and importers



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   2019-2027: Substantial CAGR
  Base Year   2018
  Forecast Period   2027
  Historical Data   2017-2018
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Category, Source, Application, And Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   Rising investment by market players in their R&D to launch innovative products.
  Key Market Drivers

  • Vitamin B6
  • Magnesium, Calcium
  • Iron
  • Selenium


  • Frequently Asked Questions (FAQ) :


    Major types of molasses include light, dark, and blackstrap.

    Major applications of molasses include food and beverages, animal feed, and biofuels.

    The higher nutritional content of molasses in comparison to sugar is the major driver for the molasses market.

    Asia Pacific is expected to dominate the molasses market over the forecast period.

    Leading players in the molasses market include Crosby Molasses, B&G Foods, and Michigan Sugar Company, among others.