Global Cane Molasses Market Size To Exceed USD 1.94 Billion By 2035 | CAGR of 4.95%
Category: Food & BeveragesGlobal Cane Molasses Market Size To Exceed USD 1.94 Billion By 2035
According to a Research report published by Spherical Insights & Consulting, the Global Cane Molasses Market Size is expected to Grow from USD 1.14 billion in 2024 to USD 1.94 billion by 2035, at a CAGR of 4.95% during the forecast period 2025-2035.
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Browse key industry insights spread across 220 pages with 105 Market data tables and figures & charts from the report on the "Global Cane Molasses Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Food Grade, Industrial Grade, Feed Grade), By Application (Food and Beverage, Animal Feed, Biofuel, Pharmaceuticals, and Others), Distribution Channel (Online Stores, Supermarkets/Hypermarkets, Specialty Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/cane-molasses-market
The cane molasses industry describes the global sector that deals with the manufacturing, distribution, and consumption of molasses obtained as a byproduct while processing sugarcane. Cane molasses is dark-colored, thick syrup obtained as a residue after extracting sugar from sugarcane. Moreover, consumers are turning towards natural and less-refined sweeteners as a healthy substitute for white sugar. Cane molasses, which is high in minerals such as iron and calcium, is used more in baked goods, sauces, and soft drinks, propelling strong food and beverage industry demand. Molasses, a by-product of sugar refining, aligns with zero-waste and circular economy targets. Its sustainable profile is valued by industries, particularly by feed, biofuel, and fertilizer applications, where it is reused instead of being thrown away, propelling higher usage across markets. However, the production of cane molasses depends substantially on sugarcane yields, which are susceptible to climate, pests, and disease. A weak sugarcane crop lowers the molasses supply directly, inducing shortages and price volatility. Such dependency renders the market volatile and responsive to agricultural and environmental disturbances.
The feed grade segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the cane molasses market is divided into food grade, industrial grade, and feed grade. Among these, the feed grade segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to feed grade cane molasses containing high sugars, thus being a good source of rapid energy for animals. It promotes superior growth, milk, and general well-being. Farmers use it because it improves the performance of animals, particularly in dairy and beef cattle, leading to its widespread use and dominance in the molasses market.
The food and beverages segment accounted for the highest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the cane molasses market is divided into food and beverage, animal feed, biofuel, pharmaceuticals, and others. Among these, the food and beverages segment accounted for the highest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by molasses being utilized in the production of a large variety of food and beverage products such as bakery goods, confectionery, dairy, and alcoholic drinks. The versatility enables manufacturers to accommodate varying consumer tastes, spreading its application and cementing its leading position in the cane molasses market.
The supermarkets/hypermarkets segment accounted for a significant share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period.
Based on the distribution channel, the cane molasses market is divided into online stores, supermarkets/hypermarkets, specialty stores, and others. Among these, the supermarkets/hypermarkets segment accounted for a significant share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period. The growth is attributed to these stores providing a broad range of products under one stop, enabling customers to buy cane molasses among other household and grocery items. This convenience leads consumers to shop more frequently and pick up molasses among other items as part of their regular shopping occasions, boosting sales volume through combined purchases.
Asia Pacific is expected to hold the majority share of the global cane molasses market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global cane molasses market during the forecast period. The Asia-Pacific region has some of the world's largest sugarcane producers in the form of India, China, and Thailand. The tropical conditions and lush topsoil in the region support multiple crops per year. As cane molasses is a residue of sugar extraction, the vast amount of sugarcane guarantees high volumes of molasses production, rendering the region a leading supplier on a worldwide scale.
North America is anticipated to grow at the fastest pace in the global cane molasses market during the forecast period. Health-conscious North American consumers are turning to natural substitutes for white sugar. Mineral-rich and antioxidant-packed cane molasses are being increasingly incorporated into organic food items, such as baked foods, beverages, and sauces. This clean-label trend is compelling food companies to use molasses, sharply driving its market growth throughout the region.
Europe is predicted to hold a significant share of the cane molasses market throughout the estimated period. Cane molasses is widely applied throughout Europe as an energy-dense livestock feed additive, particularly in the dairy and beef sectors. It maximizes feed palatability and nutrition. With Europe's stringent animal welfare standards and quality farming inputs, molasses is a staple that continues to support Europe's strong and stable market share.
Major vendors in the global cane molasses market are Louis Dreyfus Company, Cargill, Incorporated, Wilmar International Ltd, Nordic Sugar A/S, Tereos Group, Mitr Phol Sugar Corporation, Guangxi Guitang Group Co., Ltd., Raizen Energia, Biosev S.A., Sudzucker AG, Bunge Limited, ED&F Man Holdings Limited, Associated British Foods plc, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In October 2024, Expana introduced 24 new monthly Expana Benchmark Prices (EBP) for blackstrap, light, and dark cane molasses. These valuations represent the transactable value at 16:00:00 US Eastern Time, providing a standardized pricing mechanism for the molasses market.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the cane molasses market based on the below-mentioned segments:
Global Cane Molasses Market, By Product Type
- Food Grade
- Industrial Grade
- Feed Grade
Global Cane Molasses Market, By Application
- Food Grade
- Industrial Grade
- Feed Grade
Global Cane Molasses Market, By Distribution Channel
- Online Stores
- Supermarkets/Hypermarkets
- Specialty Stores
- Others
Global Cane Molasses Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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