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Molasses Market 2023 - Business Revenue, Trends, Top Key Players, Future Opportunities, Industry Share And Forecast To 2032
Molasses Market
Molasses Market Size, Growth Rate, And Forecast
The global molasses market size grew from $12.89 billion in 2022 to $13.73 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The molasses market size is expected to grow to $18.22 billion in 2027 at a CAGR of 7.3%.
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Molasses Market Drivers
The increasing import and export activities due to the growing applications of molasses globally are expected to propel the growth of the molasses market. Molasses is used in various industries such as food and beverage, healthcare, pharmaceutical, personal care products, animal feeds, and others.
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Molasses Market Segments
• By Type: Regular Molasses, Blackstrap Molasses
• By Sources: Sugarcane, Sugar Beet
• By Category: Organic, Conventional
• By Application: Feed, Food And Beverage, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Molasses market.
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Molasses Market Key Players
Major competitors in the Molasses market include Allied Old English Inc., Amoretti, Archer Daniels Midland Co, B and G Foods Inc., Cora Texas Manufacturing Co, Crosby Molasses Co Ltd.
The Business Research Company's "Global Molasses Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Molasses Market Include:
1. Executive Summary
2. Molasses Market Characteristics
3. Molasses Market Trends And Strategies
4. Molasses Market - Macro Economic Scenario
5. Molasses Market Size And Growth
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26. Africa Molasses Market
27. Molasses Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Molasses Market
29. Molasses Market Future Outlook and Potential Analysis
30. Appendix
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