Molasses market size to grow by USD 4,457.64 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- The global molasses market size is estimated to increase by USD 4,457.64 million from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 5.6% during the forecast period - Request a sample report

Global molasses market – Vendor analysis
Vendor offerings -

• Archer Daniels Midland Co. - The company offers molasses such as honey molasses.
• B&G Foods Inc. - The company offers molasses such as Brer rabbit molasses.
• Barentz International BV - The company offers molasses such as dry molasses booster.
• BUFFALO MOLASSES LLC - The company offers molasses such as sugarcane molasses for cattle.
• For details on vendors and their offerings – Buy the report!

Vendor landscape –

The global molasses market is fragmented, with the presence of both major and private vendors. A few prominent vendors that offer molasses in the market are Archer Daniels Midland Co., B&G Foods Inc., Barentz International BV, BUFFALO MOLASSES LLC, Cora Texas Manufacturing Co., Crosby Molasses Co. Ltd., ED and F Man Holdings Ltd., Fairly Traded Organics LLC, Florida Crystals Corp., Malt Products Corp., Meridian foods Ltd., Michigan Sugar Co., Natures Creation, Noushig Inc., NPK INDUSTRIES, Pioneer Agro Industry, Quality Concepts LLC, Sweet Harvest Foods Inc., Triple Crown Nutrition Inc., and Zook Molasses Co. and others.

Vendors operating in the market compete with each other on parameters such as price and quality of products, as well as product differentiation, distribution, and promotion. Government regulations and economic conditions of countries will play a vital role in determining the growth of the market. To combat this competitive environment, vendors must increase their product offerings and enter growing markets that have a demand for these products.

Global molasses market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global molasses market - Segmentation assessment

Segment overview
Technavio has segmented the market based on application (feed, food, and beverage) and type (blackstrap molasses and regular molasses). 

• The feed segment will grow at a significant rate during the forecast period. Molasses is used widely in the production of concentrated animal and mineral feed. It is added as a supplement to low-quality roughage, especially during dry weather conditions. Molasses extract is used as a cheap stock feed supplement owing to its low cost. It has high potassium and sulfur content and is usually mixed with urea to combat protein deficiencies in cattle. All these factors are driving the growth of the segment.

Geography overview
Based on geography, the global molasses market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global molasses market.

• APAC is estimated to account for 62% of the growth of the global market during the forecast period. The growth of the regional market is attributed to factors such as increasing health awareness among consumers and the growing use of molasses as an ingredient in livestock feed. The demand for natural sweeteners is increasing among consumers, with changing lifestyles, increasing disposable income, and other factors. Moreover, the penetration of private-label brands that offer molasses extracts has increased. These factors will fuel the growth of the market in the region during the forecast period.

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Global molasses market – Market dynamics

Leading drivers - The growing demand for molasses is driving the market growth. Molasses is used in various industries, such as food and beverages, personal care products, healthcare, pharmaceutical, animal feed, and others. In the food industry, it is used as a sweetener in baked goods, dairy products, confections, and beverages. In the animal feed industry, molasses serves as a source of vitamins and minerals required for cattle. Thus, the extensive use of molasses in multiple applications will drive the growth of the global molasses market during the forecast period.

Key trends - The increasing demand for organic molasses extract is a key trend in the market. Organic products are considered free from harmful chemicals, which is increasing the demand for organic molasses extract. Market players are coming up with organic molasses to meet the demands of customers. They are obtaining organic certificates by adhering to the standards and regulations. Thus, the increasing demand for organic molasses will support the growth of the molasses market during the forecast period.

Major challenges - Fluctuating prices of molasses extract are challenging the molasses market growth. The prices of molasses extract are impacted by various factors, such as natural calamities, hoarding by players, and surplus production, which negatively affect the operations of end-users. For example, molasses extract is used as a key ingredient in the production of ethanol. However, due to price fluctuations, various small-scale ethanol manufacturers have stopped their operations. These factors will negatively impact the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this molasses market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the molasses market between 2023 and 2027
• Precise estimation of the size of the molasses market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the molasses market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of molasses market vendors

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Molasses Market Scope

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global molasses market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global molasses market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Feed - Market size and forecast 2022-2027
• Exhibit 34: Chart on Feed - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Feed - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Feed - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Feed - Year-over-year growth 2022-2027 (%)

• 6.4 Food and beverage - Market size and forecast 2022-2027
• Exhibit 38: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 43: Chart on Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 Blackstrap molasses - Market size and forecast 2022-2027
• Exhibit 47: Chart on Blackstrap molasses - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Blackstrap molasses - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Blackstrap molasses - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Blackstrap molasses - Year-over-year growth 2022-2027 (%)

• 7.4 Regular molasses - Market size and forecast 2022-2027
• Exhibit 51: Chart on Regular molasses - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Regular molasses - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Regular molasses - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Regular molasses - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 55: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 89: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Archer Daniels Midland Co. 
• Exhibit 108: Archer Daniels Midland Co. - Overview
• Exhibit 109: Archer Daniels Midland Co. - Business segments
• Exhibit 110: Archer Daniels Midland Co. - Key offerings
• Exhibit 111: Archer Daniels Midland Co. - Segment focus

• 12.4 B&G Foods Inc. 
• Exhibit 112: B&G Foods Inc. - Overview
• Exhibit 113: B&G Foods Inc. - Product / Service
• Exhibit 114: B&G Foods Inc. - Key offerings

• 12.5 Barentz International BV 
• Exhibit 115: Barentz International BV - Overview
• Exhibit 116: Barentz International BV - Product / Service
• Exhibit 117: Barentz International BV - Key offerings

• 12.6 BUFFALO MOLASSES LLC 
• Exhibit 118: BUFFALO MOLASSES LLC - Overview
• Exhibit 119: BUFFALO MOLASSES LLC - Product / Service
• Exhibit 120: BUFFALO MOLASSES LLC - Key offerings

• 12.7 Cora Texas Manufacturing Co. 
• Exhibit 121: Cora Texas Manufacturing Co. - Overview
• Exhibit 122: Cora Texas Manufacturing Co. - Product / Service
• Exhibit 123: Cora Texas Manufacturing Co. - Key offerings

• 12.8 Crosby Molasses Co. Ltd. 
• Exhibit 124: Crosby Molasses Co. Ltd. - Overview
• Exhibit 125: Crosby Molasses Co. Ltd. - Product / Service
• Exhibit 126: Crosby Molasses Co. Ltd. - Key offerings

• 12.9 ED and F Man Holdings Ltd. 
• Exhibit 127: ED and F Man Holdings Ltd. - Overview
• Exhibit 128: ED and F Man Holdings Ltd. - Business segments
• Exhibit 129: ED and F Man Holdings Ltd. - Key offerings
• Exhibit 130: ED and F Man Holdings Ltd. - Segment focus

• 12.10 Fairly Traded Organics LLC 
• Exhibit 131: Fairly Traded Organics LLC - Overview
• Exhibit 132: Fairly Traded Organics LLC - Product / Service
• Exhibit 133: Fairly Traded Organics LLC - Key offerings

• 12.11 Florida Crystals Corp. 
• Exhibit 134: Florida Crystals Corp. - Overview
• Exhibit 135: Florida Crystals Corp. - Product / Service
• Exhibit 136: Florida Crystals Corp. - Key offerings

• 12.12 Malt Products Corp. 
• Exhibit 137: Malt Products Corp. - Overview
• Exhibit 138: Malt Products Corp. - Product / Service
• Exhibit 139: Malt Products Corp. - Key offerings

• 12.13 Meridian foods Ltd. 
• Exhibit 140: Meridian foods Ltd. - Overview
• Exhibit 141: Meridian foods Ltd. - Product / Service
• Exhibit 142: Meridian foods Ltd. - Key offerings

• 12.14 Michigan Sugar Co. 
• Exhibit 143: Michigan Sugar Co. - Overview
• Exhibit 144: Michigan Sugar Co. - Product / Service
• Exhibit 145: Michigan Sugar Co. - Key offerings

• 12.15 Noushig Inc. 
• Exhibit 146: Noushig Inc. - Overview
• Exhibit 147: Noushig Inc. - Product / Service
• Exhibit 148: Noushig Inc. - Key offerings

• 12.16 Pioneer Agro Industry 
• Exhibit 149: Pioneer Agro Industry - Overview
• Exhibit 150: Pioneer Agro Industry - Product / Service
• Exhibit 151: Pioneer Agro Industry - Key offerings

• 12.17 Zook Molasses Co. 
• Exhibit 152: Zook Molasses Co. - Overview
• Exhibit 153: Zook Molasses Co. - Product / Service
• Exhibit 154: Zook Molasses Co. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 155: Inclusions checklist
• Exhibit 156: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 157: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 158: Research methodology
• Exhibit 159: Validation techniques employed for market sizing
• Exhibit 160: Information sources

• 13.5 List of abbreviations 
• Exhibit 161: List of abbreviations

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