Press release
Global Cane Molasses Market Size Revenue to Increase to About $8.1 Billion By 2030: Zion Market Research
Global Cane Molasses Market
The global cane molasses market size was nearly $4.1 Billion in 2021 and is set to increase to about $8.1 Billion by 2030 with a CAGR of nearly 4.5% between 2022 and 2030.
Cane Molasses is one of the key byproducts of sugarcane. Reportedly, nearly 1 ton of sugarcane outputs 4% of cane molasses during the sugar processing in every single run. Moreover, cane molasses is a rich nutrient source and it is utilized as a raw material for manufacturing organic acids, particularly, ethanol. For the record, cane molasses finds applications in skincare & cosmetics ingredients, pharma products, and coating varnishes. Furthermore, cane molasses comprise a large proportion of minerals in comparison to sugar.
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Expansion of the global cane molasses industry over the forecast timeframe can be owing to growing end-user demand for nutritive and health-beneficial diets. Apart from this, cane molasses is also utilized as a sweetener in food products. With cane molasses offering huge health benefits, consumers are preferring it over sugar in their diet as a huge sugar intake can cause diabetes, obesity, and cardiovascular disorders. The move is likely to boost the surge in the growth of the cane molasses market across the globe.
However, the availability of soy and beet molasses in huge quantities is predicted to impede the expansion of the global cane molasses industry. Nonetheless, the flourishing food & beverages industry and the rise in the application of cane molasses in pharmaceutical and industrial chemicals will help the global market explore new growth dimensions in the forthcoming years.
The global cane molasses market is divided into product type, application, and region.
In terms of product type, the global cane molasses industry is sectored into organic molasses and conventional molasses segments. Furthermore, the organic molasses segment is expected to dominate the segmental surge over the forecast timeframe. The segmental expansion during 2022-2030 can be due to escalating demand for organic molasses in various end-use sectors.
Based on the application, the global cane molasses market is segmented into food & beverages, household, and others. In addition to this, the food & beverages segment is set to lead the segmental expansion in the ensuing years. The surge of the segment over the forecast timespan can be owing to the large-scale use of cane molasses in food products due to the food-preserving ability of cane molasses.
The global cane molasses market is divided into five regions that include the Asia-Pacific, North America, The Middle East & Africa, Europe, and Latin America.
The North American region is predicted to contribute lucratively towards the global cane molasses industry size over the forecast timeline. The regional market expansion can be attributed to the massive demand for nutritive sweeteners in the sub-continent. The European cane molasses market is slated to witness substantial growth over the forecasting years owing to the rise in the use of cane molasses in a slew of industrial applications in Europe.
This review is based on a report by Zion Market Research, titled "Cane Molasses Market By Product Type (Organic Molasses and Conventional Molasses), By Application (Household, Food & Beverages, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 - 2030."- Report at https://www.zionmarketresearch.com/report/cane-molasses-market
Recent Developments:
In the first quarter of 2023, Loch Lomond Brewery, a major participant in the brewing industry, introduced Dalrigh Distillery, a distilling venture, in Scotland. Through this strategic move, the firm wants to enter and expand across the whisky, gin, and rum sectors. Such initiatives will help in shaping the expansion of the cane molasses industry.
In the third quarter of 2021, Indian Government introduced an in-depth report pertaining to an increase in the production of ethanol for fuel blending purposes by end of 2025. Moreover, the move by the government of India is focused on reducing the dependence on gasoline imports from other countries. This initiative is predicted to increase the use of cane molasses in ethanol production in India, thereby steering the expansion of the cane molasses market in India along with increasing the export of ethanol to other countries.
Key Market Players & Competitive Landscape
Key participants profiled in the global cane molasses industry include:
Cora Texas Manufacturing Company LLC
Sweet Harvest Foods Inc.
Meridian Foods
Michigan Sugar Company
Malt Products
The Archer Daniels Midland Company
Premier Molasses
B&G Foods Inc.,
Westway Feed Products LLC
Buffalo Molasses
Crosby Molasses Co Ltd., Zook Molasses
Malt Products Corporation
Quality Liquid Feeds
E D & F Man Holdings Limited
Good Food Inc.
International Molasses.
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The global cane molasses market is segmented as follows:
By Product Type
Organic Molasses
Conventional Molasses
By Application
Household
Food & Beverages
Others
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
FREQUENTLY ASKED QUESTIONS
Which key factors will influence global cane molasses market growth over 2022-2030?
What will be the value of the global cane molasses market during 2022-2030?
Which region will contribute notably towards the global cane molasses market proceeds?
Which are the major players leveraging the global cane molasses market growth?
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