Molasses Global Market Report 2025

Molasses refers to a viscous, dark brown residue generated in the process of refining sugarcane or sugar beets into sugar. This production involves the initial crushing of sugarcane or sugar beets to extract their juice. Subsequently, the extracted juice undergoes a reduction process until sugar crystals are formed and separated to yield sugar. Molasses constitutes the residual liquid left behind after the sugar extraction process.

There are primarily two types of molasses such as regular molasses and blackstrap molasses. Regular molasses is derived from clarified and concentrated mature sugarcane juice. It finds common use in the production of rum and serves as a distinctively flavored sweetener in baking applications. Molasses, sourced from sugarcane and sugar beet, can be categorized as organic or conventional and is predominantly employed in various industries such as feed production, food and beverage manufacturing, among others.

The molasses market research report is one of a series of new reports from The Business Research Company that provides molasses market statistics, including molasses industry global market size, regional shares, competitors with a molasses market share, detailed molasses market segments, market trends and opportunities, and any further data you may need to thrive in the molasses industry. This molasses market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The molasses market size has grown strongly in recent years. It will grow from $15.42 billion in 2024 to $16.73 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to animal feed industry growth, alternative energy source, industrial fermentation, diversification in agriculture, molasses as a sweetener, microbial growth medium.

The molasses market size is expected to see strong growth in the next few years. It will grow to $20.66 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to bioplastics production, market demand for specialty sugars, global population growth, sustainable agriculture practices, expanded application in food and beverages. Major trends in the forecast period include animal feed formulations, organic and non-GMO molasses, bioethanol production, molasses in distillery and alcohol industries, advancements in fermentation technology.

The expansion of import and export activities, driven by the burgeoning applications of molasses worldwide, is anticipated to fuel the growth of the molasses market. Molasses finds extensive usage across diverse industries such as food and beverage, healthcare, pharmaceuticals, personal care products, and animal feeds. This broad applicability has generated substantial global demand, prompting companies to actively engage in import and export endeavors involving molasses. This heightened trade activity is contributing significantly to the increasing demand for molasses on a global scale. For instance, statistics from the Observatory of Economic Complexity reveal a notable surge in molasses exports from the United States, climbing by $625k (38.4%) from September 2022 to September 2023, reaching $2.25M from $1.63M. Similarly, imports experienced a notable increase, rising by $5.04M (31%) from $16.3M to $21.3M during the same period. This surge underscores the escalating trade movements and the resultant growth prospects within the molasses market.

The expanding demand for biofuel production is anticipated to be a driving force behind the growth of the molasses market in the foreseeable future. Biofuel, a renewable energy source derived from organic materials, utilizes molasses-an output from sugar production-as a vital feedstock in fermentation processes to generate ethanol. This ethanol serves as a sustainable fuel source utilized in transportation and energy production. For instance, recent statistics from the Energy Information Administration revealed a substantial surge in the United States' capacity for manufacturing renewable diesel and other biofuels. The country increased its production capacity by 1.25 billion gallons annually between January 2022 and January 2023, marking a remarkable 71% escalation compared to the previous year. This surge in biofuel production underlines the significant role of molasses in meeting the rising demand for biofuels, thereby propelling growth in the molasses market.

New product launches and developments are key trends gaining traction in the molasses market. Companies are introducing new products to stay competitive and expand their market share. These launches help build brand recognition, enhance product portfolios, increase awareness, and generate additional revenue. For instance, in April 2024, Allied Pinnacle Pty Limited, an Australian-based company specializing in manufacturing and supplying a wide range of baking products and ingredients for commercial and industrial use, launched Wise Wheat. This new product emphasizes health and nutrition, containing six times more fiber than standard wheat flour, making it a nutritious choice for consumers seeking healthier dietary options. Sourced from Australian farms, Wise Wheat adheres to local agricultural standards and supports local farming practices. The flour is high in amylose, contributing to its superior fiber content and offering additional health benefits compared to regular wheat flour. This product aims to improve the health of Australians by providing an easy way to incorporate functional benefits into their diets, in line with the growing consumer demand for natural and alternative food options.

Major players within the molasses market are increasingly turning towards strategic partnerships as a means to amplify their distribution networks, foster innovation in product offerings, and broaden their market presence. These collaborations entail a mutual leveraging of strengths and resources to achieve shared objectives and foster mutual success. For example, in January 2023, AFYREN SA, a prominent greentech company based in France, recently entered into a strategic partnership with Mitr Phol Group, a well-established Thai enterprise specializing in molasses manufacturing and processing. This collaboration falls within Mitr Phol Group's overarching strategy aimed at sustainable development, enhancing their commitment to environmentally responsible practices. The alliance with AFYREN is poised to empower Mitr Phol Group in reinforcing their circular and sustainable manufacturing approach by facilitating the creation of eco-friendly biobased products. Additionally, this partnership facilitates the establishment of AFYREN Group's second bio-based organic acid manufacturing plant, aligning with AFYREN's strategy of developing production facilities proximal to raw material sources and consumer markets, with particular emphasis on Asia and North America. This strategic collaboration underscores a growing trend within the molasses industry towards mutually beneficial partnerships that prioritize sustainability and innovation.

In December 2022, U.S. Sugar Corporation, a leading U.S.-based agricultural enterprise, successfully completed the acquisition of Imperial Sugar Co. for an estimated $315 million. This strategic transaction is poised to bolster the domestic sugar production capabilities of U.S. Sugar Corporation, delivering significant advantages to farmers, customers, and consumers nationwide. The consolidation of resources, talents, and operational sites from both U.S. Sugar and Imperial Sugar Co. has resulted in the formation of a prominent American sugar entity. This newly established firm is well-positioned to efficiently cater to the needs of individuals, communities, and consumers across the country. Imperial Sugar Co., a renowned U.S.-based company specializing in molasses production and processing, is now an integral part of this unified and strengthened business entity.

Major companies operating in the molasses market include Archer Daniels Midland Company, Louis Dreyfus Company, Cosan S.A., ED&F Man Holdings Ltd, B&G Foods Inc., Michigan Sugar Company, Imperial Sugar Company, Cora Texas Manufacturing Company, Spreckels Sugar Company Inc., Sweet Harvest Foods Inc., Crosby Molasses Co Ltd., Indiana Sugars Inc., Allied Old English Inc., Malt Products Corporation, Domino Specialty Ingredients, International Molasses Corporation Ltd., Sucden, Helmut Moller GmbH & Co KG, Hansa Melasse GmbH, Peter Cremer Holding AG, United Molasses Company Ltd., West Indies Rum Distillery Limited, Renuka Holdings plc, Mitr Phol Sugar Corporation, Raizen S.A., Tereos International SA, Westway Feed Products LLC

North America was the largest region in the molasses market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the molasses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the molasses market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The molasses market consists of sales of sugarcane molasses and sugar beets molasses. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Molasses Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on molasses market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for molasses ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The molasses market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Type: Regular Molasses; Blackstrap Molasses
• 2) By Sources: Sugarcane; Sugar Beet
• 3) By Category: Organic; Conventional
• 4) By Application: Feed; Food And Beverage; Other Applications
• Subsegments:
• 1) By Regular Molasses: Light Molasses; Medium Molasses
• 2) By Blackstrap Molasses: Unsulfured Blackstrap Molasses; Sulfured Blackstrap Molasses
• Companies Mentioned: Archer Daniels Midland Company; Louis Dreyfus Company; Cosan S.A.; ED&F Man Holdings Ltd; B&G Foods Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.