ID: MRFR/F-B & N/5542-HCR | February 2021 | Region: Global | 90 pages
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.
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.
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
|Market Size||Significant Value|
|CAGR||2019-2027: Substantial CAGR|
|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||
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.