Molasses Market projected to grow a rapid growth during the forecast period 2019 to 2023

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Market Research Future | Pune | 15/03/2019:

Molasses is a viscous bi-product obtained from refining sugarcane and sugar beets into sugar. Sugarcane and sugar beets molasses has a thicker texture. Molasses is produced on a large scale in Thailand, India, Brazil, Taiwan, the United States and Philippines, as the sugarcane cultivation rate is high in these countries. Molasses is used for healing burns, treating constipation, alleviating blood pressure, and reducing fat accumulation in the human body. Thus, considering these factors, molasses market is expected witness high growth in forecast period.

Some of the key players in the global molasses market are Michigan Sugar Company (US), B&G Foods, Inc.(US), Crosby Molasses Co Ltd. (Canada), The Archer Daniels Midland Company (US), Cora Texas Manufacturing Company, LLC (US), Malt Products Corporation (US), Westway Feed Products LLC (US), Good Food Inc. (US), E D & F Man Holdings Limited (UK), B&G Foods, Inc. (US), Sweet Harvest Foods Inc. (US), Domino Specialty Ingredients (US).

The Global Molasses Market has been segmented based on type, category, source, application, and region.

By type, the global molasses market has been bifurcated as light, dark, blackstrap and others.

Based on category, the global molasses market has been segregated as organic, and conventional.

Based on source, the global molasses market has been classified as sugarcane, sugar beets and others.

The global molasses market has been segmented based on region, into North America, Europe, Asia-Pacific, Rest of the World.

Asia-Pacific is expected to dominate the global molasses market owing to the large production of molasses in the region. Countries such as India, Thailand, Philippines and Indonesia are among the largest producers of molasses in the region.

Europe and RoW molasses market is expected to grow at a rapid pace due to the surging production and consumption of molasses in the regions. Moreover, North America is also expected to project a significant market share owing to the increasing awareness regarding the health benefits of molasses and increasing preference of among the consumers in the region.

December 2018 Market Research Future has published a half-cooked research report on the global molasses market.


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Pradeep Zende
Market Research Future