Molasses Market: Booming Bakery Industry to Fuel Demand for Molasses
Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19175
According to TMR, the global market is expected to reach US$18,281.7 mn by the end of 2025, compared to US$11,596.5 mn, its value in 2016. Thus during the period, TMR forecasts the market to exhibit a CAGR of 5.05%. Sugarcane and sugarbeet are the key sources from where molasses are derived. Of these, the sugarcane segment held clear dominance in the market and is anticipated to hold nearly 88% of the overall market through the forecast period. Regionally, the market will witness considerable prospects in Asia Pacific and Latin America through the forecast period.
Rising Sugarcane Production to Aid Expansion of Molasses Market
Among the key factors enabling the market gain pace, the rising demand for convenience food and ready-to-eat snacks is at fore. With the expansion of the bakery industry, opportunities for the market have escalated worldwide. Extracts from molasses are used as stabilizing agents in various food applications. Considering this, growth witnessed in the bakery industry will aid the overall expansion of the global molasses market. Besides this, growth witnessed in the market is also influenced by the production rate of its sources, which are sugarbeet and sugarcane. Sugarcane production has surged considerably in the last couple of years and the benefits of the same are reaped significantly by the global molasses market. In addition, their rising use in food, cosmetic, pharmaceutical, and other industrial applications will pave way for the market’s positive trajectory in the forthcoming years.
Browse Market Research Report @ https://www.transparencymarketresearch.com/molasses-market.html
In the last couple of years, food manufacturers have tended more to shift toward molasses as against spending high on sugar for manufacturing their food products. Also different types of molasses find different applications such as beet molasses are used for beef and dairy cattle, as they act as a great source of protein and other minerals. Also bakeries are starting to prefer molasses more than sugar because the former offers a better darker shade to bakery products than normal sugar.
Increasing Availability of Cheaper Alternatives to Adversely Impact Overall Market
On the downside, the decrement in the demand for molasses in feed applications and unsuitable climatic conditions to affect sales prospects of cane molasses are some of the factors that could restrain the market. Animal feed happens to be one of the chief application sectors for the molasses market. However, the rising availability of cheaper alternatives has negatively impacted the market’s future in the animal feed sector. Besides this, the unfavorable climate conditions in Asia Pacific adversely affects the sugarcane production, subsequently negative influencing the market’s growth prospects in the region.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Molasses Market: Booming Bakery Industry to Fuel Demand for Molasses here
News-ID: 866376 • Views: 151
More Releases from Transparency Market Research
Biomedical Refrigerators and Freezers Market Insights by 2027
According to a new market report published by Transparency Market Research titled “Biomedical Refrigerators and Freezers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,” the global biomedical refrigerator and freezer market is expected to reach a value of US$ 7122.4 Mn by 2027. In terms of value, the market is estimated to expand at a CAGR of 4.5% during the forecast period from 2019 to 2027.
Construction Market Trends and Research Insights by 2027
Transparency Market Research delivers key insights on the global construction market. In terms of revenue, the construction market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the construction market report. In the report, TMR predicts that the construction market would be largely driven by factors, such as rise in population and investments in
Microdisplay Market to rise at a CAGR of 22.3% by 2027 – TMR
According to a new research report on the global microdisplay market published by Transparency Market Research (TMR) the global microdisplay market is expected to reach value of US$ 5782.6 Mn by 2027, expanding at a CAGR of 22.3% from 2019 to 2027. According to the report, the global market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In
Automotive Wiring Harness Market Research Insights by 2027
According to the report, the global automotive wiring harness market is projected to reach ~US$ 76 Bn by 2027, expanding at a CAGR of ~5% during the forecast period. Increasing GDP and technological advancements are major factors fueling the demand for automotive wiring harness market globally. The automotive wiring harness is undergoing an architectural revolution, owing to increase in incorporation of electronic components in vehicles, causing the weight of wiring
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Subsea Boosting Systems Market Analysis : TMR
Due to a limited number of manufacturers of subsea boosting systems, the degree of competition in the global subsea boosting systems market is expected to substantially increase, reports Transparency Market Research (TMR) in a new study. The leading manufacturers of subsea boosting systems are focusing on pricing strategies to attract consumers and maintain their leading position in the industry. The top three companies, FMC Technologies, OneSubsea, and GE Oil &
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the