Organic Molasses Market Scope
Molasses is a syrup remaining after sugar is crystallized out of cane or beet juice. It is a byproduct of sugar cane’s refining process. Organic molasses is made from mature sugarcane that is grown without harmful synthetic pesticides or fertilizers. Organic production of molasses also means no GMOs are used, unlike other blackstrap molasses on the market. It is gaining popularity due to its health benefits as it contains iron, copper, potassium and magnesium. Its most important benefit is its high mineral content. There are no allergic chemicals that have been used during the manufacturing process.
According to AMA, the Global Organic Molasses market is expected to see growth rate of 20.3% Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Organic Molasses market throughout the predicted period.
Zook Molasses Company (United States), International Molasses Corporation (United States), Meridian Foods (United Kingdom), Premier Molasses (Ireland), Quality Liquid Feeds, Inc. (United States), ED&F Man (United Kingdom), Malt Products Corporation (United States), Buffalo Molasses (United States), HB Ingredients (United Kingdom) and Prime Molasses Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Hansa Melasse Handelsgesellschaft mbH (Germany) and Crosby's Molasses (Canada).
Segmentation Overview
The study have segmented the market of Global Organic Molasses market by Type (Light Molasses, Blackstrap Molasses, Dark Molasses, Treacle Molasses, Sorghum Molasses and Others), by Application (Household, Food & Beverages, Chemical Industry, Pharmaceutical, Animal Feed and Others) and Region with country level break-up.
On the basis of geography, the market of Organic Molasses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Demand for Organic Products
Market Growth Drivers:
High Demand For Baked Goods Applications, Increasing Demand in the Feed Additives and Numerous Health Benefits of the Organic Molasses
Challenges:
Lack of Awareness about the Molasses
Restraints:
Allergic Reactions Due To Molasses
Opportunities:
Growing Food Industry Worldwide and Increasing Applications of Organic Molasses in Different Industries
In June 2021,CaneRite Panela is a natural, unprocessed and non-centrifuged sugar derived from sugar cane that was introduced by International Molasses Corporation, a US-based manufacturer of sugar cane molasses products, invert syrups, agave syrup, honey, and customized sweeteners.
Key Target Audience
Organic Molasses Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.