Global Molasses Extracts Market, By Type (Blackstrap Molasses, Golden Barrel Blackstrap Molasses, and Others), By Form (Powder, Liquid, and Others), By Application (Food and Beverages, Animal Feed, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029

Molasses Extracts are a kind of highly concentrated syrup with flavor having an extended shelf life. Molasses extracts are freeze-thaw-stable and bake-proof which are mostly applied in frozen desserts, cakes,s and a spread of other dessert food products. Molasses extracts contain natural flavor with no artificial colors which are highly concentrated and are usually used in applications for bakery and confectionery products. Molasses extracts are often utilized in the shape of liquid and powder forms. Food industries are using molasses extracts in their products because of the rising consumer demand for molasses extract food products. Shifting consumer preference for molasses extract-based products may be a major driving factor for the expansion of the molasses extract market. Molasses extracts also called blackstrap molasses are mainly used for baking and cooking applications globally. Molasses extracts contain a high concentration of vitamin B6, potassium, iron, magnesium, calcium, selenium, and copper. Molasses extracts contain antioxidants that help in improving the heart health and bone health of the individual. 

Impact of Covid-19 pandemic on market

With the outbreak of COVID-19, various businesses are at the forefront of combating this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Governments across the countries have imposed strict lockdowns to limit the spread of disease. Molasses Extract companies are strategizing focused R&D investments and planning new product launches post-COVID conditions from 2021. Further, strengthening relations with distributors, performance improvement, and cost optimization are largely observed strategies during 2020. This report will quantify the impact of a pandemic on the molasses extract market.

The molasses extract market is increasing at a significant rate due to increasing demand for ready-to-eat snack foods. This is attributed to the rising disposable incomes of individuals on the other hand molasses has different functionalities and uses as a supplement in the food and beverage industry. Moreover, with the expansion of the bakery industry, opportunities for the market have escalated worldwide.

Increasing demand from the bakery industry

Increasing opportunities in the bakery industry is also another factor in driving the Molasses Extracts market along with rising production of Molasses Extracts as a result of stabilizing agents used in various food applications. Manufacturers are focusing on providing healthier product offerings. Molasses extracts are also called blackstrap molasses which are mainly used for baking and cooking applications globally. Molasses Extracts help in improving various savory products thickening and is used by various manufacturers worldwide. Molasses Extracts contains the taste, texture and the performance like sugar, but has low calories and hence many health concisions individuals are shifting their preference towards consuming healthy food products which has low calorie present in the foods.  Hence, the global Molasses Extracts market is expected to observe robust growth over the forecast period.

The global molasses extracts market is segmented based on type, form, application, and region.

On the basis of type, the global molasses extracts market is segmented into blackstrap molasses, golden barrel blackstrap molasses, and others. Based on form the target market is segmented into powder, liquid, and others. Based on application the target market is segmented into food and beverages, animal feed, and others.

In region, the global molasses extracts market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific accounted for a significant growth rate for the molasses extracts market followed by Europe and North America. Increasing demand for molasses extracts as a thickening agent in various bakery products has strengthened the growth of the global molasses extracts market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global molasses extracts market report based on type, form, application, and region.

Global Molasses Extracts Market, By Type:

• Blackstrap Molasses
• Golden Barrel Blackstrap Molasses
• Others

Global Molasses Extracts Market, By Form:

• Powder
• Liquid
• Others

Global Molasses Extracts Market, By Application:

• Food and Beverages
• Animal Feed
• Other

Global Molasses Extracts Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in the global molasses extract market include Amoretti, Cora Texas Manufacturing Company, B&G Foods, Inc., International Molasses Corporation Ltd, ED & F Man Liquid Products UK Ltd., Molasses Feed Ltd, Pures Sweet Honey Farm, R. K. Trading Co., Satish Sugars, and Zook Molasses Company. The market is especially characterized by collaborations and partnerships between businesses and acquisitions of smaller players as a part of the strategic expansion as well as launching their new product specimen. For instance, In December 2018, Austrian ingredients producer Argana and The Amalgamated Sugar Company formed a joint venture to ensure the construction of € 40 million betaine crystalline plant at Argana’s sugar mill. Betaine is manufactured from sugar beet molasses and has numerous applications in food supplements, sports drinks, and animal feed.

• Amoretti
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Cora Texas Manufacturing Company
• B&G Foods, Inc.
• International Molasses Corporation Ltd
• ED & F Man Liquid Products UK Ltd.
• Molasses Feed Ltd
• Pures Sweet Honey Farm
• R. K. Trading Co.
• Satish Sugars
• Zook Molasses Company