Molasses
is formed as a byproduct during the production of sugar from cane
sugar, it occurs as molasses syrup which is then dried to produce dry
molasses using technologies such as spray dry or freeze dry. Dry
Molasses is a sweetner which is naturally fortified with nutrients
such as vitamin B6, calcium, potassium, copper, iron and magnesium
etc. There are several varieties of molasses syrup produced during
sugar production such as light molasses, dark molasses, and
blackstrap molasses all having different utilization and properties.
Light molasses are the sweetest and used in baking, dark molasses are
less sweet and can also be used for baking, blackstrap molasses is
dark and thick and contains most vitamins and minerals. There are
several associated health benefits of dry molasses consumption such
as, it maintains bone health as it contains decent amount of calcium,
improves heart health as it contains potassium and promotes better
blood circulation and maintains heart health, molasses are rich in
antioxidants therefore can also help in prevention of cancer.
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Market
Segmentation:
Global
dry molasses market is segmented on the basis of source, application,
distribution channel and region. The global dry molasses market is
segmented on the basis of source as sugar cane and beet, molasses is
a byproduct formed during the production of sugar from cane sugar or
sugar beet. The global dry molasses market is segmented on the basis
of application in food, beverage, cosmetics and animal feed. The food
segment is further sub segmented as bakery, beverage segment is
further sub segmented as alcoholic and nonalcoholic beverage. The
global dry molasses market is segmented on the basis of distribution
channel as direct and indirect. Indirect segment is further sub
segmented as supermarket/hypermarket, retails stores, online stores
and other retail formats.
Market
Regional Outlook:
Geographically,
the global dry molasses market is segmented in to 5 major regions
which includes North America, Latin America, Europe, Asia Pacific,
Middle East and Africa. North America and Europe are expected to
dominate the global dry molasses market during the forecast period
due to increased production of sugar and pulp from cane sugar and
sugar beet. India and china in Asia Pacific region and gulf countries
along with Africa are expected to emerge as a growing dry molasses
market for the consumption of dry molasses during the forecast
period.
Market
Drivers:
The
driving force for the global dry molasses market is the increasing
use of the dry molasses in the preparation of bakery products,
alcoholic and nonalcoholic beverages, use of dry molasses in farms
for increasing the quality and quantity of the microbes in soil and
consumption of dry molasses in food as sweetner. Apart from these
driving factors, global dry molasses market is expected to witness
robust growth during forecast period due to number of associated
health benefits related to the consumption of the molasses products.
Dry molasses are also used for the production of the cosmetic
products which is also fuelling the global dry molasses market.
Hence, global dry molasses market is expected to have robust growth
during the forecast period owing to these driving factors.
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Market
Key Players:
Some
of the key players identified across the value chain of the global
dry molasses market includes Archer Daniels Midland Company, Zook
Molasses Company, Mercer Milling Company, Pestell Minerals &
Ingredients Inc., Ohly, Stockade Brands, Inc., Westway Feed Products,
and Malt Products Corporation. The companies are expected to expand
their business by enhancing their product portfolio in global dry
molasses market. The companies are projected to frame certain
strategies in future in order to gain the competitive advantage in
global dry molasses market till 2025.
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