Molasses Market Share, Revenue, Opportunity, Business Segment Overview and Key Trends 2027
Based
on type, the global Molasses Market Share has been segmented into light, dark,
blackstrap, and others. The blackstrap segment is anticipated to gain the largest
revenue share in the global Molasses Market Share and shall maintain lead
throughout the forecast period. Blackstrap molasses is being used in various
applications such as food, alcoholic beverages, animal feed, and others due to
the health benefits offered by the blackstrap molasses syrup. This is a crucial
determinant that is catalyzing the growth of blackstrap segment in the global Molasses
Market Share. The same segment is expected to grow with the highest growth rate
owing to the growth of end-use industries in which molasses is used.
Key
Players
Some of
the key players in the global Molasses Market Share are 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).
Market Segmentation:
The global Molasses
Market Share has been segregated, by category, into organic and conventional.
The conventional segment is expected to garner major share in the global Molasses
Market Share owing to the huge availability of conventional molasses. However,
the organic segment is anticipated to project a higher CAGR during the forecast
period due to the rising inclination of consumers towards organic products.
The global Molasses
Market Share is been classified, by source, into sugarcane, sugar beets and
others. The sugarcane segment is expected to gain largest share, owing to the
factor that sugarcane is cultivated on a large scale and the cost of the
process to extract molasses is low.
The global Molasses
Market Share has been segregated, by application, into functional food &
beverages, animal feed, biofuel and others. The food & beverage segment is
projected to gain largest share in the global Molasses Market Share due to the
major application of molasses as sweetener in food and beverage products. The
high antioxidant activity of molasses categorizes it as superfoods and play a
vital role as a food supplement. However, the animal feed segment is
anticipated to grow with the highest growth rate during the forecast period
owing to the significant increase in animal farming.
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Regional
Analysis
The global Molasses Market Share has been segmented on
the basis of region, into North America, Europe, Asia-Pacific, Rest of the
World.
Asia-Pacific is expected to dominate the global Molasses
Market Share owing to the large production of molasses in the region. Countries
such as India, Thailand, Philippines and Indonesia are among the largest
producers of molasses in the region.
Europe and RoW Molasses Market Share is expected to
grow at a rapid pace due to the surging production and consumption of molasses
in the regions. Moreover, North America is also expected to project a
significant market share owing to the increasing awareness regarding the health
benefits of molasses and increasing preference of among the consumers in the
region.
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are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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