The Molasses Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Molasses Market:
https://www.thebusinessresearchcompany.com/report/molasses-global-market-report
According to The Business Research Company’s Molasses Global Market Report 2024, The molasses market size has grown strongly in recent years. It will grow from $14.23 billion in 2023 to $15.45 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to animal feed industry growth, alternative energy source, industrial fermentation, diversification in agriculture, molasses as a sweetener, microbial growth medium.
The molasses market size is expected to see strong growth in the next few years. It will grow to $19.42 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to bioplastics production, market demand for specialty sugars, global population growth, sustainable agriculture practices, expanded application in food and beverages. Major trends in the forecast period include animal feed formulations, organic and non-GMO molasses, bioethanol production, molasses in distillery and alcohol industries, advancements in fermentation technology.
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. Due to several applications of molasses, there is a huge demand coming from around the world which is pushing the companies to get significantly involved in the import and export activities of molasses. In turn, this is driving more demand for molasses globally. For instance, in September 2023, according to the Observatory of Economic Complexity, a US-based online data visualization and dissemination tool focusing on economic activity location and dynamics, exports of molasses from the United States grew by $625k (38.4%) between September 2022 and September 2023, to $2.25M from $1.63M, while imports jumped by $5.04M (31%), from $16.3M to $21.3M. Therefore, the increasing import and export activities due to the growing applications of molasses globally are expected to propel the growth of the molasses market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=6501&type=smp
The molasses market covered in this report is segmented –
1) By Type: Regular Molasses, Blackstrap Molasses
2) By Sources: Sugarcane, Sugar Beet
3) By Category: Organic, Conventional
4) By Application: Feed, Food And Beverage, Other Applications
Major companies operating in the molasses market are adopting a strategic partnership approach to enhance distribution networks, innovate product offerings, and expand market presence. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in January 2023, AFYREN SA, a France-based greentech company announced a partnership with Mitr Phol Group, a Thailand-based company that manufactures and processes molasses. This innovative collaboration with AFYREN is under Mitr Phol Group's strategic vision for sustainable development, as it will allow Mitr Phol Group to reinforce the circular and sustainable approach to manufacturing operations through the development of environmentally friendly biobased products. AFYREN and Mitr Phol's agreement would result in the establishment of the AFYREN Group's second bio-based organic acid manufacturing plant. It is consistent with AFYREN's build and operate development strategy, which tries to be as near to raw material sources and client markets as feasible, with a focus on Asia and North America.
The molasses market report table of contents includes:
- Executive Summary
- Molasses Market Characteristics
- Molasses Market Trends And Strategies
- Molasses Market - Macro Economic Scenario
- Global Molasses Market Size and Growth
.
.
.
- Global Molasses Market Competitive Benchmarking
- Global Molasses Market Competitive Dashboard
- Key Mergers And Acquisitions In Molasses Market
- Molasses Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Archer Daniels Midland Company
- Louis Dreyfus Company
- Cosan S.A.
- ED&F Man Holdings Ltd.
- B&G Foods Inc.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Deep-dive competitive landscape analysis on one or more competitors covering all aspects of their operations, specific business unit or functional areas like manufacturing, contracting, distribution, R, etc.
https://www.aranca.com/competitive-intelligence.php competitive landscape, competitive landscape analysis
The competitive landscape in the alternative protein sector has changed quite dramatically in the UAE parallel to the rise of the plant-based industry in other major economies.
It has grown from being a niche alternative to a product for the mainstream in the last few years.
Having said that, meat alternatives are presently the star of the plant protein industry with global companies including Beyond Meat, Impossible Foods, Tofurky, Fazenda Futuro, and other startups generating the majority of the consumer interest.
The advancement in technology in imitating the texture of traditional meat and enhancing the taste profile of meatless alternatives is resulting in growing consumer demand.
It is even convincing previous cynics who once considered meat alternatives as a fad in the country.
That said, food service channels and restaurants have been the dominant source of revenue for the plant protein industry in the UAE.
In every sector, cyber protection is a common thing that is of paramount concern to organizations, in fact, any organization, large or small, needs to be cyber-secure.
However, achieving it is highly difficult for companies, considering the existing business conditions.
This is why companies have now begun to invest in different resources and technologies to manage infringements.
