01-Feb-2023 | Zion Market Research
The global cane molasses market size was nearly $4.1 Billion in 2021 and is set to increase to about $8.1 Billion by 2030 with a CAGR of nearly 4.5% between 2022 and 2030.
Cane Molasses is one of the key byproducts of sugarcane. Reportedly, nearly 1 ton of sugarcane outputs 4% of cane molasses during the sugar processing in every single run. Moreover, cane molasses is a rich nutrient source and it is utilized as a raw material for manufacturing organic acids, particularly, ethanol. For the record, cane molasses finds applications in skincare & cosmetics ingredients, pharma products, and coating varnishes. Furthermore, cane molasses comprise a large proportion of minerals in comparison to sugar.
Expansion of the global cane molasses industry over the forecast timeframe can be owing to growing end-user demand for nutritive and health-beneficial diets. Apart from this, cane molasses is also utilized as a sweetener in food products. With cane molasses offering huge health benefits, consumers are preferring it over sugar in their diet as a huge sugar intake can cause diabetes, obesity, and cardiovascular disorders. The move is likely to boost the surge in the growth of the cane molasses market across the globe.
However, the availability of soy and beet molasses in huge quantities is predicted to impede the expansion of the global cane molasses industry. Nonetheless, the flourishing food & beverages industry and the rise in the application of cane molasses in pharmaceutical and industrial chemicals will help the global market explore new growth dimensions in the forthcoming years.
The global cane molasses market is divided into product type, application, and region.
In terms of product type, the global cane molasses industry is sectored into organic molasses and conventional molasses segments. Furthermore, the organic molasses segment is expected to dominate the segmental surge over the forecast timeframe. The segmental expansion during 2022-2030 can be due to escalating demand for organic molasses in various end-use sectors.
Based on the application, the global cane molasses market is segmented into food & beverages, household, and others. In addition to this, the food & beverages segment is set to lead the segmental expansion in the ensuing years. The surge of the segment over the forecast timespan can be owing to the large-scale use of cane molasses in food products due to the food-preserving ability of cane molasses.
The global cane molasses market is divided into five regions that include the Asia-Pacific, North America, The Middle East & Africa, Europe, and Latin America.
The North American region is predicted to contribute lucratively towards the global cane molasses industry size over the forecast timeline. The regional market expansion can be attributed to the massive demand for nutritive sweeteners in the sub-continent. The European cane molasses market is slated to witness substantial growth over the forecasting years owing to the rise in the use of cane molasses in a slew of industrial applications in Europe.
This review is based on a report by Zion Market Research, titled “Cane Molasses Market By Product Type (Organic Molasses and Conventional Molasses), By Application (Household, Food & Beverages, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/cane-molasses-market
Key participants profiled in the global cane molasses industry include:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed