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Molasses Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Global Molasses Market: Overview

Molasses is a by-product of refining sugarcane or sugar beets, and is a heavy viscous dark brown liquid consisting mainly of sucrose, water, reducing sugars (glucose and fructose) ashes and other organic compounds. Basically, molasses contains a portion of sugar that could not crystalized into white sugar. Their quality of molasses varies directly on quantity of sugar, method of extraction and age the plant. Molasses finds wide application in various industries such as baking, food manufacturing, animal and poultry feed and pharmaceuticals. Moreover, it is also used as prime product for the manufacturing of yeast for fermentation process. The global molasses market consists primarily of prominent players in the sugar industry, with most of them concentrated specifically in Brazil, India and Thailand. The Global Molasses Market is expected to expand with an impressive CAGR over the forecast period.

Global Molasses Market: Drivers and Restraints

The prime factor fuelling revenues in the global molasses market is the increasing demand from industrial and food and beverage applications. Increasing production of food grade alcohol, particularly due to rising preference for the same from Middle Easter and European countries is a prominent factor driving demand for molasses. Furthermore, increasing demand for cleaner fuel is significantly driving the rising demand for molasses used for production of bio-ethanol. In recent years, paints, varnish and cosmetic industry is also showing high inclination towards molasses produced ethanol. The rapidly growing pharmaceutical industry is also inherently driving increasing demand for molasses. Increasing demand for molasses based ethanol for blending purpose in refines, amid bullish oil and gas downstream sector is another factor fuelling demand for molasses globally. Apart from these, Governments of various developing countries also offer subsidized loans for sugar companies to set up ethanol production unit, thus pushing more players to increase their focus on molasses production.  

Global Molasses Market:  Segmentation

On the basis of type, Global Molasses Market is segmented into:-

  • Cane Molasses
  • Sugar Beet Molasses
  • Others

On the basis of end use, Global Molasses Market is segmented into:-

  • Food and Beverages
    • Alcoholic
    • Non-Alcoholic
  • Chemical and Industrial
    • Fermentation
    • Fertilizers
    • Agglomeration
    • Bioenergy
    • Bio remediation
  • Horticulture
  • Others

Global Molasses Market:  Region wise Outlook

The global Molasses Market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Asia Pacific Exc. Japan not just account for a prominent share of molasses production but also accounts for a significant demand for molasses, particularly for the industrial applications. Increasing demand from China and South East Asian countries is primarily attracting demand for molasses in the region. Western Europe and North America also accounts for a decent share of global consumption of molasses, followed by Middle East and African region, where the product is mostly used for Food applications. Latin America is also expected to be a prominent consumer of molasses, and a major of share of demand in the region is anticipated to be satisfied by Brazil bases manufacturers.  Japan accounts for a slightly lower share of direct molasses consumption, however the region is anticipated to show a slight increase in growth rate for the demand for molasses over the forecast period.

Global Molasses Market:  Key Players

Some of the key players identified in the global Molasses Market includes:

  • Crosby Molasses Co. Ltd.
  • Spreckels Sugar Company
  • Afrinol Limited
  • Cora Texas Manufacturing Co.
  • KK Birla Group of Sugar Companies
  • Chemelil Sugar Company
  • Imperial Sugar Company
  • Zook Molasses Co
  • Balampur Chini Mills Ltd.
  • Bajaj Hindusthan Limited 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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