The global cane molasses market size was evaluated at $4.1 Billion in 2021 and is slated to hit $8.1 Billion by the end of 2030 with a CAGR of nearly 4.5% between 2022 and 2030.
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➤ Large-scale product penetration in the food and beverage sector to facilitate the global market’s expansion
The global cane molasses market trends will be bolstered by the substantial product demand in food and beverages, which is a result of the high nutrient content. Iron and its absorption enhancers, such as copper, sulfur, and fructose, are present in cane molasses. This has resulted in it becoming a critical dietary supplement for iron deficiency anemia, thereby enhancing the growth of the global cane molasses industry. Additionally, the global market’s potential for growth will be bolstered by the significant consumption of baked goods and the increasing penetration of feed additives.
➤ The global market’s expansion is impeded by the high availability of products such as soy and beet molasses.
The global cane molasses industry is expected to encounter challenges in its expansion due to the widespread availability of substitute products, including soy and beet molasses.
➤ To establish new growth opportunities for the global market, the food industry must flourish.
New growth opportunities for the global cane molasses industry may arise as a result of the increasing penetration of cane molasses in various sectors and the flourishing food sector. Opportunities for the expansion of the global cane molasses market will arise as a result of the increasing demand for organic food worldwide.
➤ The global market is confronted with a significant challenge in terms of low awareness regarding the health benefits that cane jaggery provides.
The global cane molasses market has encountered a significant challenge due to the lack of awareness regarding the health benefits of cane molasses.
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The Global Cane Molasses Market is segmented based on product, application and region
Global Cane Molasses Market: Product Segment Analysis
● Organic Molasses
● Conventional Molasses
Global Cane Molasses Market: Application Segment Analysis
● Household
● Food & Beverages
● Others
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The global Cane Molasses market profiles key players such as:
● Cora Texas Manufacturing Company LLC
● Sweet Harvest Foods Inc.
● Meridian Foods
● Michigan Sugar Company
● Malt Products
● The Archer Daniels Midland Company
● Premier Molasses
● B&G Foods Inc.,
● Westway Feed Products LLC
● Buffalo Molasses
● Crosby Molasses Co Ltd., Zook Molasses
● Malt Products Corporation
???? Recent Developments:
• Dalrigh Distillery, a distilling initiative, was announced by Loch Lomond Brewery, a major player in the brewing industry and a Real Ale Shop based in Scotland, in January 2023. The distillery is located in the town of Dumbarton. The organization’s strategic initiative is to expand its production of whisky, rum, and gin. The initiative will increase the demand for cane molasses in the brewing industry.
• A comprehensive report was released by the Indian government in August 2021 with the objective of increasing the production of ethanol for fuel blending by 2025. Additionally, the objective is to mitigate dependence on petroleum imports. The Indian government’s initiative will stimulate the growth of the cane distillate market in India by increasing the product’s exports.
➤ The Asia-Pacific region is expected to hold the largest market share during the forecast period.
The Asia-Pacific region, which made a significant contribution to the global cane molasses market share in 2021, is expected to dominate the global market surge in the next eight years as a result of the extensive export of cane molasses by countries like India. In addition, the market trends in the Asia-Pacific region will be accentuated by a significant increase in consumer expenditure on food and beverages, as well as a shift in consumer lifestyles. The regional market’s size will expand in the years ahead as a result of the presence of major players in countries like India.
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