Molasses Market Driven by Flourishing Industries of Animal Feed and Biofuel
Transparency Market Research offer 8-year forecast for the global molasses market between 2017 and 2025. The global molasses market is expected to register a CAGR of 5.3% during the forecast period. The primary objective of the report is to offer insights on the advancements and opportunity in the molasses market. The study demonstrates market dynamics that are expected to influence the current challenges and future status of the global molasses market over the forecast period. This report also offer updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global and regional molasses market.
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Molasses is a by-product of sugar refining, and is a heavy viscous dark brown liquid consisting mainly of sucrose, water, reducing sugars (glucose and fructose) ashes and other organic compounds. Molasses are available in its organic and conventional form. It has a wide range of application in food and beverage industry, animal feed industry, biofuel industry and in household as well.
By source, the molasses market is segmented into sugarcane and sugarbeet. The sugarcane segment acts as the major source for obtaining molasses, with a market share of 87.5% in 2016. On the basis of type, the molasses market can be segmented into regular molasses, blackstrap molasses, and others. By nature, the molasses market is segmented into conventional & organic. Though the conventional segment possesses a market share of 82.3% by 2017 end but the organic segment is likely to have a relatively higher CAGR of 6.2% in the forecast period due to consumer awareness of consuming the organic food. On the basis of end-use, the molasses market can be segmented into industrial uses, commercial uses and household uses. The industrial segment can be further segmented into food and beverage industry, animal feed industry, biofuel industry, and other industrial applications. Among the industrial end-use segment, the biofuel industry is estimated to account for a significant revenue share of 38.8% in 2017 and is expected to register high growth rate during the forecast period. Furthermore, on the basis of sales channel, the molasses market is segmented into direct and indirect sales. The indirect sales segment can be further segmented into modern trade, convenience stores, online stores, and others. Amongst these segments, the direct sales segment is anticipated to occupy the largest market share of 87.2% in 2017.
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are Molasses’s key players of the global molasses market. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the molasses market space. Key players in the global molasses market includes Michigan Sugar Company, B&G Foods, Inc., Crosby Molasses Co Ltd., Spreckels Sugar Company, Inc., Cora Texas Manufacturing Company, LLC, Malt Products Corporation, Westway Feed Products LLC, Good Food Inc., Sweet Harvest Foods Inc., Domino Specialty Ingredients.