The Global Molasses Market size is projected to reach USD 12.2 billion by 2028, growing at a CAGR of 4.6% during the forecast period 2021-2028. The demand for molasses has been increasing as it finds applications in yeast and alcohol production processes, among others. Molasses are also used as feedstock in the manufacture of other products such as furfural, xylitol, and ethylene glycol which are key raw materials in various industries such as agriculture and petrochemicals.
Molasses is a dark brown, viscous syrup by-product of the process to extract sugar from sugar cane or sugar beet and has been used in food production. Molasses can be made from either sucrose (sugar) derived from sugarcane or another plant that contains sucrose sugars such as sorghum.
On the basis of Types, the market is segmented into Cane Molasses, Beet Molasses, Other.
Cane Molasses is an essential ingredient in making rum, and it can also be used for baking as well. The molasses sugar cane extract is derived from the boiling of sugarcane juice or syrup, typically to a level that will yield between 60% and 75% sucrose by weight.
Beet Molasses is a sweetener obtained from sugar beet. It has a dark brown color and tastes like molasses but with less flavor intensity. Beet Molasses contains significant quantities of calcium, magnesium, potassium, zinc, and selenium amongst other nutrients.
It can be used as an additive in food products such as baked goods or to improve the flavor in meat (especially beef) dishes cooked over long periods at low temperatures without caramelizing any sugars present.
On the basis of Application, the market is segmented into Yeast, Alcohol, and Other.
Molasses is used to provide the yeast with nutrients. It provides minerals and vitamins in the form of carbohydrates, which are necessary for fermentation so that they can break down sugars into carbon dioxide gas bubbles and alcohol. Molasses also enhances flavors by adding different flavor compounds from its sugarcane or beetroot source.
Molasses is used as a base for many types of liquors and alcoholic beverages. Molasses has been distilled to make rum, whisky, vodka, gin, and even absinthe. The other type of alcohol that uses molasses in its production process is yeast-based beer or ale where the sugar content ferments into ethanol.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and the Asia Pacific. The North American market is expected to be the fastest-growing market, owing to the high demand for molasses in the animal feed industry. The Middle East & Africa have seen an increase in demand due to higher per capita consumption of molasses as well as rising production levels which is expected to continue for this market during the forecast period.
Up Market Research published a new report titled “Molasses Market research report which is segmented by Types (Cane Molasses, Beet Molasses, Other), By Applications (Yeast, Alcohol, Other), By Players/Companies Guangxi Nanning East Asia Sugar Group, Nanning Sugar Industry, Guangxi Yangpu Nanhua Sugar Industry, Dongguan Donta Group, Guangxi Nongken Sugar Industria, COFCO TUNHE SUGAR, Guangxi Baise Ganhua, Guangxi Xianggui Sugar Group, Guangxi Yuegui Guangye Holdings, Bright Food (group), Guangxi Nanning East Asia Sugar Group, Zhong Yun Sugar, Baotou Huazi Industry, Guangdong Hengfu Group Sugar Industry”.
|Report Attributes||Report Details|
|Report Title||Molasses Market Research Report|
|By Type||Cane Molasses, Beet Molasses, Other|
|By Application||Yeast, Alcohol, Other|
|By Companies||Guangxi Nanning East Asia Sugar Group, Nanning Sugar Industry, Guangxi Yangpu Nanhua Sugar Industry, Dongguan Donta Group, Guangxi Nongken Sugar Industria, COFCO TUNHE SUGAR, Guangxi Baise Ganhua, Guangxi Xianggui Sugar Group, Guangxi Yuegui Guangye Holdings, Bright Food (group), Guangxi Nanning East Asia Sugar Group, Zhong Yun Sugar, Baotou Huazi Industry, Guangdong Hengfu Group Sugar Industry|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||236|
|Number of Tables & Figures||166|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Cane Molasses, Beet Molasses, Other and By Application Yeast, Alcohol, Other.
Some of the companies that are profiled in this report are:
Molasses Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Molasses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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