About Beetroot Molasses
Molasses or black treacle is a viscous substance resulting from refining sugarcane or sugar beets into sugar. Beetroot molasses is the by-product of the sugar beet industry and is primarily used for sweetening and flavoring foods. It plays a vital role in filling the energy gap, especially as an excellent alternative resource of green energy. Beetroot molasses are also used for animal feeding, bakery products, and dessert toppings. However, increasing demand for ethanol in various industries like pharmaceuticals, personal care, and chemicals will boost the beetroot molasses market as ethyl alcohol can be easily produced from molasses.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Beetroot Molasses market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Südzucker AG (Germany), Renuka Beet Sugar (India), Spreckels Sugar Company (United States), Michigan Sugar Company (United States), Amalgamated Sugar Company (United States), Crosby Molasses (Canada), Daqahila Sugar Company (Egypt), Nippon Beet Sugar Manufacturing (Japan), American Crystal Sugar Company (United States) and Rana Sugars Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Beetroot Molasses market by Type (Food Grade and Industrial Grade), Application (Animal Feed, Food & Beverages, Chemical and Others) and Region.
On the basis of geography, the market of Beetroot 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Beetroot Molasses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Beetroot Molasses for Bio-fuel Production like Ethanol
Market Growth Drivers:
Increasing Demand for Beetroot Molasses in Yeast Production and Fermentation in Chemical Energy and Increasing Demand of Feed Molasses in Animal Feeding Industry as It Stimulates the Total Feed Intake and Reduce Feeding Cost
Challenges:
Increasing Risk of Obesity and Availability of Other Alternatives Can create Challenges for the Market
Restraints:
Allergies Related to Beetroots Can Create Hurdles for the Market
Opportunities:
Increased Use of Beetroot Molasses for Sweetening and Flavoring Bakery and Confectionery Items
Market Leaders and their expansionary development strategies
In September 2023, Kalsec, a US-based company that specializes in natural food ingredients, announced that it was expanding its production of beetroot molasses extract. The company said that the increased demand for beetroot molasses extract was due to its growing popularity as a natural sweetener and colorant.
In December 2023, Indian company Zuari Agro Chemicals launched a new line of organic fertilizers made from beetroot molasses. The fertilizers are said to be more effective than traditional fertilizers and are also more environmentally friendly.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Beetroot Molasses Manufacturers, Suppliers and Distributors of Beetroot Molasses, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.