Molasses is a viscous product resulting from refining sugarcane or sugar beets into sugar. Molasses varies by amount of sugar, method of extraction, and age of plant. Sugarcane molasses is primarily used for sweetening and flavoring foods in the United States, Canada, and elsewhere, while sugar beet molasses is foul-smelling and unpalatable, so it is mostly used as an animal feed additive in Europe and Russia, where it is chiefly produced. Molasses is a defining component of fine commercial brown sugar.
Due to the COVID-19 pandemic, the global Cane Molasses market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Cane Molasses market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Cane Molasses landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Organic Molasses accounting for % of the Cane Molasses global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Household segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major manufacturers of Cane Molasses include Zook Molasses, International Molasses, Meridian Foods, Premier Molasses, Quality Liquid Feeds, ED&F Man, Malt Products and Buffalo Molasses, etc. In terms of revenue, the global 3 largest players have a % market share of Cane Molasses in 2021.
This report focuses on Cane Molasses volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Cane Molasses market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Cane Molasses Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Organic Molasses
Conventional Molasses
Segment by Application
Household
Food & Beverages
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Zook Molasses
International Molasses
Meridian Foods
Premier Molasses
Quality Liquid Feeds
ED&F Man
Malt Products
Buffalo Molasses