Molasses Market - Forecast(2023 - 2028)

Report Code: FBR 0319 Report Format: PDF + Excel

Molasses Market Overview

Molasses market size is forecast to reach $13.8 billion by 2026, growing at a CAGR of 4.0% during the forecast period 2021-2026. The by-product of sugar beets or sugar cane which gets generated during the sugar yielding process is known as molasses or the black treacle. When compared to conventional sugar, molasses is more balanced on the nutrition front, which gives it an edge in the market and acts as key driver for the growth of the market. With consumers being aware of health and wellness with time, molasses are often considered as a nutritional sweetener and an important ingredient in different food preparations. Molasses are quite versatile in nature because of which they cater to a wide spectrum of application areas as well as a lot of industries, which can be a considered as a potential driving factor is set to further enhance the overall market developments of the Molasses Market for the period 2021-2026.

Molasses Market Report Coverage

The report: “Molasses Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Molasses Market.

By Source: Sugarcane, and Sugarbeet
By Nature: Organic, and Conventional
By Type: Light Molasses, Dark Molasses, and Blackstrap Molasses
By Application: Commercial, Industrial, and Household
By Distribution Channel: Direct, and Indirect
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

  • Asia Pacific dominated the Molasses Market in 2020 owing to the favorable climatic conditions and huge lands for sugarcane cultivation. The Molasses market scope for different regions will be provided in the final report.
  • Growing awareness pertaining to healthy eating across all the economies, coupled with the nutritional benefits of molasses is likely to aid the market growth of the Molasses Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Molasses Market report.
  • With the advent of covid-19 pandemic and its associated lock down conditions, major sugar cane producing countries faced lack of government support and human resource unavailability which is poised to create the hurdles for the Molasses Market.

Molasses Market Revenue Share, By Geography, 2020(%)

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Molasses Market Segment Analysis – By Type

Blackstrap Molasses segment held the largest share in the Molasses Market in 2020 and is estimated to grow at a CAGR 3.9% during the forecast period 2021-2026. This is owing to its extensive usage primarily in the process called ethanol fermentation which is used to produce alcohol. Blackstrap molasses is also utilised extensively in the animal feed because of its rich sources of vitamins and minerals namely calcium, selenium, and magnesium. On the other hand, dark molasses finds its usage throughout the food and beverage industry, mainly as sweeteners in baking products and colorants in different food preparations. Thus, making it the fastest-growing segment. Dark Molasses is estimated to register the higher CAGR over the period 2021-2026.

Molasses Market Segment Analysis – By Application

Industrial segment held the largest share in the Molasses Market in 2020 and is estimated to grow at a CAGR 3.7% during the forecast period 2021-2026. This is owing to the growing areas of applications of molasses in various industries like food and beverages and bio-fuel. In fact, molasses are considered one of the pivotal ingredients throughout animal feed industry because it is often used in the compound feed of different animals. Commercial segment is also estimated to grow during the forecast period 2021-2026 owing to the increased usage of molasses as coloring and garnishing agents for various preparations by numerous restaurant chains throughout the food service industry. Commercial segment is estimated to register the higher CAGR over the period 2021-2026.

Molasses Market Segment Analysis – By Geography

Asia Pacific dominated the Molasses Market with a major share of 39.2% in 2020. This can be attributed to the climatic conditions which are in favor of the cultivation process of sugarcane. Moreover, agricultural lands are in surplus throughout Asia Pacific because of which it is the major center of production worldwide. Currently, government policies are coming in place which are trying to encourage sugarcane production is increasing the growth of the market in this region.

However, Europe is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the growing demand of changing lifestyle coupled with the increasing awareness of consumers regarding health and wellness. Inclination towards ready-to-eat sweet snacks with a good nutritional value is also increasing the growth of the market in this region.

Molasses Market Drivers

Increasing consumer preference towards healthy eating

With more consumers being profoundly aware about health and wellness, every major economy is witnessing progressive changes in the lifestyle of its citizens. With the rapid growth of urbanization, on-the-go snacks are becoming prevalent among millennials. The molasses acts as sweetener in a multitude of products especially ready-to-eat bars and snacks, thereby offering a nutritional advantage. In order to curb diseases like diabetes and obesity, the key players are utilizing molasses in their products in order to keep the blood sugar levels of consumers in check. Additionally, molasses syrup constitutes various minerals which isn’t present in conventional sugar. This gives molasses a fair advantage, thereby bolstering the growth of the market.

Wide area of applications across multiple industries

Molasses finds its usage across a wide spectrum of industries. In addition to its usage as sweeteners in various baking products and other food preparations across the food and beverage industry, molasses also finds its usage in the production of cosmetic products. Molasses is considered an essential compound in both energy as well as feed supplements for all kinds of feedstock. For instance, in Europe, beet molasses is a main feedstock in order to produce bioethanol. Molasses is often used as a key ingredient for various fermentation process by various industries for the production of amino acids, citric acid, vitamins, yeast, and lactic acid. Sugarcane molasses are also used to produce biofuel by recycling spent bacterial biomass. Thus, increasing the growth of the Molasses Market during the forecast period 2021-2026.

Molasses Market Challenges

Outbreak of covid-19 pandemic

With the advent of COVID-19 pandemic, production of molasses witnessed a major setback which can be attributed to the dearth of labourers, shrinkage in transposition facilities as well as closing of many sugarcane factories. Furthermore, major sugar cane producing countries like India and Brazil faced tremendous lack of government aid, coupled with lockdown conditions throughout the pandemic have majorly affected the availability of human resources in cane sugar factories, which is likely to restrain the growth of the market.

Molasses Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Molasses Market. In 2020, the Molasses Market share is fragmented by the top ten players present in the market. The Molasses Market, top 10 companies are Westway Feed Products LLC, Crosby Molasses Co Ltd., Cora Texas Manufacturing Company, LLC, Michigan Sugar Company, and Sweet Harvest Foods Inc., among others.

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1. Molasses Market- Overview
    1.1 Definitions and Scope
2. Molasses Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Source
    2.3 Key trends by Nature
    2.4 Key trends by Type
    2.5 Key trends by Application
    2.6 Key trends by Distribution Channel
    2.7 Key trends by Geography
3. Molasses Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Molasses Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Molasses Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Molasses Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Molasses Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Molasses Market– By Source(Market Size –$Million/$Billion)
    8.1 Sugarcane
    8.2 Sugarbeet
9. Molasses Market– By Nature(Market Size –$Million/$Billion)
    9.1 Organic
    9.2 Conventional
10. Molasses Market– By Type(Market Size –$Million/$Billion)
    10.1 Light Molasses
    10.2 Dark Molasses
    10.3 Blackstrap Molasses
11. Molasses Market– By Application(Market Size –$Million/$Billion)
    11.1 Commercial
    11.2 Industrial
        11.2.1 Food & Beverages Industry
        11.2.2 Animal Feed Industry
        11.2.3 Bio-fuel
    11.3 Household
12. Molasses Market– By Distribution Channel(Market Size –$Million/$Billion)
    12.1 Direct
    12.2 Indirect
        12.2.1 Hypermarkets/Supermarkets
        12.2.2 Retail Stores
        12.2.3 Departmental Stores
        12.2.4 Online Sales
13. Molasses Market- By Geography(Market Size –$Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Mexico
        13.1.3 Canada
    13.2 Europe
        13.2.1 U.K.
        13.2.2 France
        13.2.3 Germany
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Rest of Europe
    13.3 Asia Pacific
        13.3.1 China
        13.3.2 India
        13.3.3 Japan
        13.3.4 South Korea
        13.3.5 Australia & New Zealand
        13.3.6 Rest of Asia Pacific
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
        13.5.2 Africa
14. Molasses Market- Entropy
15. Molasses Market– Industry/Segment Competition Landscape Premium
    15.1 Market Share Analysis
        15.1.1 Global Market Share – Key Companies
        15.1.2 Market Share by Region – Key companies
        15.1.3 Market Share by Countries – Key Companies
        15.1.4 Competition Matrix
        15.1.5 Best Practices for Companies
16. Molasses Market– Key Company List by Country Premium Premium
17. Molasses Market Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
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