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Molasses Market - By Type (Blackstrap Molasses, Dark or medium Molasses, Light Molasses, Powdered Molasses, Golden syrup, Treacle) By Category (Organic, Conventional) By Source & Global Forecast, 2024-2032

  • Report ID: GMI6950
  • Published Date: Oct 2023
  • Report Format: PDF

Molasses Market Size

Molasses Market size in terms of transaction was valued at USD 17.9 billion in 2023 and it is estimated to reach USD 22.6 billion by 2032 and is anticipated to register a CAGR of over 3% between 2024 and 2032. The market is experiencing significant growth due to various factors molasses, a byproduct of sugar production, is gaining popularity as a versatile ingredient in various industries, including food and beverages, animal feed, and agriculture.
 

Molasses Market

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In the food industry, molasses is used to sweeten and flavor a wide range of products, such as baked goods, sauces, and marinades, while also providing a natural and distinctive taste. Additionally, the increasing demand for organic and natural sweeteners has boosted the consumption of molasses as it is perceived as a healthier alternative to refined sugars and artificial sweeteners.
 

The significant challenge is the volatility of sugar production, as molasses is a byproduct of sugar processing. Fluctuations in sugar production can directly affect molasses availability and pricing. Weather conditions, diseases affecting sugar crops, and changes in agricultural practices can all contribute to supply uncertainties in the market.
 

COVID-19 Impact

Covid 19 had significant impact on the market international trade was disrupted due to the pandemic, affecting the export and import of molasses. Trade restrictions, customs delays, and logistical challenges impacted the global flow of molasses, potentially affecting both producers and consumers in different regions.
 

Molasses Market Trends

The craft beverage industry, including craft beer, spirits, and kombucha, is increasingly using molasses as a flavor enhancer and fermentable sugar source. Its rich and complex flavor can add depth to these beverages, appealing to consumers looking for unique taste experiences.
 

Molasses Market Analysis

Molasses Market Size, By Type, 2021 - 2032 (USD Billion)

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Based on the type, the blackstrap molasses segment accounted for USD 7.2 billion of the market share. Blackstrap molasses is the most concentrated and nutritious form of molasses. It is a rich source of vitamins and minerals, including iron, calcium, magnesium, and potassium. Additionally, it contains antioxidants and can serve as a dietary source of certain essential minerals, making it appealing to health-conscious consumers.
 

Molasses Market Revenue Share, By Application, (2023)

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Based on application, molasses market from food and beverages segment accounted for the highest revenue share of 65%. The craft and artisanal food and beverage industry is on the rise. Craft breweries, distilleries, and specialty food producers are using molasses to create unique and high-quality products. Its complex flavor can contribute to the distinctive character of these artisanal offerings.
 

Based on category, the conventional segment dominated the molasses market in 2022 and accounted for more than 95% of the revenue share. This growth can be attributed to conventional molasses production methods often result in lower production costs compared to organic alternatives. This cost-effectiveness allows conventional molasses to be more competitively priced in the market, appealing to price-conscious consumers and manufacturers.
 

Based on source, The molasses market from sugarcane segment held a significant 85% share of the total revenue. The extraction process for sugarcane is well-established and efficient. Sugarcane is crushed to extract its juice, which is then processed to separate the sugar crystals from the molasses. This process is highly efficient and results in a significant yield of molasses.
 

Asia Pacifc Molasses Market Revenue, 2021 - 2032 (USD Billion)

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The Asia pacific region dominated the regional segment in terms of revenue share in 2022 and accounted for 8.89 of the total market shares, the growth can be attributed to food and beverage industry in the Asia-Pacific region is expanding rapidly. Molasses is used in a variety of products, from snacks and baked goods to sauces and beverages, and the growth of this industry is driving the demand for molasses. In addition, the Asia-Pacific region includes countries with significant agricultural and livestock sectors. Molasses is used as a valuable feed supplement for livestock and as a soil conditioner in agriculture, which contributes to its growth in this region.
 

Molasses Market Share

Major companies operating in the Molasses Industry includes:

  • Archer Daniels Midland Company (ADM)
  • Wilmar International
  • Bunge Limited
  • Cargill Incorporated
  • Louis Dreyfus Company
  • Amalgamated Sugar Company
  • Spreckels Sugar Company
  • American Crystal Sugar Company
  • Nippon Beet Sugar Manufacturing Co., Ltd.
  • Crosby Molasses Company
  • International Molasses Corporation, Ltd.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market. 
 

ADM is one of the world's largest agricultural processors and food ingredient providers. The company operates a vast network of processing facilities, storage silos, and distribution centres worldwide, allowing it to source, process, and distribute a wide range of agricultural products, including grains, oilseeds, corn, cocoa, and more. ADM plays a crucial role in the food supply chain, providing ingredients and solutions to food and beverage manufacturers, animal nutrition products to the livestock industry, and industrial products like biofuels and renewable chemicals.
 

Molasses Industry News

In May 2023. ADM acquired acquire D.C.A. Finance B.V. this acquisition is expected to increase geographical reach and new growth opportunity of the company.
 

The Molasses Market research report includes in-depth coverage of the industry with estimates & forecast in terms of transactional value (USD Billion) and transactional volume (Kilo Tonnes) from 2018 to 2032, for the following segments:

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By Type

  • Blackstrap Molasses
  • Dark or medium Molasses
  • Light Molasses
  • Powdered Molasses
  • Golden syrup
  • Treacle

By Application

  • Food and beverage
  • Animal feed
  • Pharmaceuticals and personal care
  • Industrial applications
  • Other applications

By Category

  • Organic
  • Conventional

By Source

  • Sugarcane
  • Sugar Beets
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Australia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The Molasses Industry was valued at USD 17.9 billion in 2023 and it is estimated to reach USD 22.6 billion by 2032 with a CAGR of over 3% during the study period.
The food & beverages segment held the highest revenue share of 65% in 2022, owing to the growth of craft and artisanal F&B sector, as craft breweries, distilleries, and specialty food producers use molasses to create unique and high-quality products.
Asia pacific region accounted for 8.89% of the total market share in 2022 and will continue to grow attributed to expanding food & beverage industry in the Asia-Pacific region, where molasses is used in a variety of products, from snacks and baked goods to sauces and beverages.
Archer Daniels Midland Company (ADM), Wilmar International, Bunge Limited, Cargill Incorporated, Louis Dreyfus Company, Amalgamated Sugar Company, Spreckels Sugar Company, American Crystal Sugar Company, and Nippon Beet Sugar Manufacturing Co., Ltd. among others.

Molasses Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 336
  • Countries covered: 21
  • Pages: 180
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