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Molasses Market Share

Report ID: GMI6950
Published Date: Oct 2023
Report Format: PDF

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Molasses Market Share

Major companies operating in the Molasses Industry includes:

Archer Daniels Midland Company (ADM)
Wilmar International
Bunge Limited
Cargill Incorporated
Louis Dreyfus Company
Amalgamated Sugar Company
Spreckels Sugar Company
American Crystal Sugar Company
Nippon Beet Sugar Manufacturing Co., Ltd.
Crosby Molasses Company
International Molasses Corporation, Ltd.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

ADM is one of the world's largest agricultural processors and food ingredient providers. The company operates a vast network of processing facilities, storage silos, and distribution centres worldwide, allowing it to source, process, and distribute a wide range of agricultural products, including grains, oilseeds, corn, cocoa, and more. ADM plays a crucial role in the food supply chain, providing ingredients and solutions to food and beverage manufacturers, animal nutrition products to the livestock industry, and industrial products like biofuels and renewable chemicals.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The Molasses Industry was valued at USD 17.9 billion in 2023 and it is estimated to reach USD 22.6 billion by 2032 with a CAGR of over 3% during the study period.

The food & beverages segment held the highest revenue share of 65% in 2022, owing to the growth of craft and artisanal F&B sector, as craft breweries, distilleries, and specialty food producers use molasses to create unique and high-quality products.

Asia pacific region accounted for 8.89% of the total market share in 2022 and will continue to grow attributed to expanding food & beverage industry in the Asia-Pacific region, where molasses is used in a variety of products, from snacks and baked goods to sauces and beverages.

Archer Daniels Midland Company (ADM), Wilmar International, Bunge Limited, Cargill Incorporated, Louis Dreyfus Company, Amalgamated Sugar Company, Spreckels Sugar Company, American Crystal Sugar Company, and Nippon Beet Sugar Manufacturing Co., Ltd. among others.