Global Molasses Market Overview And Prospects – Includes Molasses Market Size
Learn about the global molasses market through The Business Research Company, which provides information on molasses market size, molasses market drivers and restraints, molasses market players, the COVID-19 impact on the molasses market, and more.
The global molasses market size is expected to grow from $12.14 billion in 2021 to $12.65 billion in 2022 at a compound annual growth rate (CAGR) of 4.21%. The global molasses market size is expected to grow to $15.69 billion in 2026 at a CAGR of 5.54%.
The increasing import and export activities due to the growing applications of molasses globally are expected to propel the growth of the molasses market.
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The molasses market consists of sales of molasses product by entities (organizations, sole traders, and partnerships) that refer to a dark, sweet, syrupy by-product made during the extraction of sugars from sugarcane and sugar beets. Molasses varies in the amount of sugar, age of the plant, and method of extraction. Molasses is used to sweeten and flavor foods and is a major constituent of fine commercial brown sugar. It is also a primary ingredient used to make rum.
Global molasses market segments include:
By Type: Regular Molasses, Blackstrap Molasses
By Source: Sugarcane, Sugar Beet
By Category: Organic, Conventional
By Application: Feed, Food and Beverage, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the molasses market in 2021
New product launches and developments are a key trend gaining popularity in the molasses market. Companies are launching new products to stay ahead of the competition and increase market share. New product launches help companies build their brand, increase product portfolio, increase awareness and capture additional revenue.
TBRC’s molasses market report covers:
Major Market Players: Allied Old English Inc, Amoretti, Archer Daniels Midland Co, B and G Foods Inc, Cora Texas Manufacturing Co, Crosby Molasses Co Ltd, ED and F Man Holdings Ltd, Fairly Traded Organics, Malt Products Corp, Michigan Sugar Co and Spreckels Sugar Company Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Molasses Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides molasses market overviews, analyzes and forecasts market size, share, molasses market players, molasses market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s molasses market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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