In the fourth quarter of 2023, the price of molasses in the Canada reached 289 USD/MT by December. Similarly, in Spain, the molasses prices hit 190 USD/MT in the same month. The Germany also witnessed molasses prices reaching 218 USD/MT during Q4 2023.

In 2024, the EU cane molasses market decreased by -3.5% to $371M, falling for the second consecutive year after five years of growth. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $438M in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

Explore the Molasses Market trends! Covers key players, growth rate 5.4% CAGR, market size $20.66 Billion, and forecasts to 2034. Get insights now!

This statistic describes the estimated market value of molasses worldwide from 2017 to 2025. The global molasses market was estimated to have a value of 12.1 billion U.S. dollars in 2017, and is forecasted to reach to about 18.3 billion U.S. dollars by 2025.

The market share of molasses is predicted to grow from US$ 11952.75 Million in 2023 to over US$ 23512.86 Million by 2033. This is expected to further drive the market share of molasses and register a CAGR of 7.0% between 2023 and 2033. Increasing consumption of molasses in the animal feed industry and biofuel industry is driving the global molasses market's growth.

Attributes	Details
Molasses Market Value (2023)	US$ 11952.75 Million
Molasses Market Expected Value (2033)	US$ 23512.86 Million
Molasses Market Projected CAGR (2023 to 2033)	7.0%

Global Molasses Market Historical Analysis (2017 to 2022) Vs. Forecast Outlook (2023 to 2033)

Historical CAGR (2016 to 2022)	5.2%
Historical Market Value (2021)	US$ 10439.99 Million
Forecast CAGR	7.0%

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2023
Market Analysis	US$ Million for Value and MT for Volume
Key Regions Covered	North America Latin America Europe Middle East & Africa (MEA) East Asia
Key Countries Covered	USA, Canada, Brazil, Mexico, Chile, Peru, Germany, UK, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey
Key Segments Covered	Source Type Nature End Use Sales Channel Region
Key Companies Profiled	Crosby Molasses Co Ltd. (Canada) The Archer Daniels Midland Company (USA) Michigan Sugar Company (USA) B&G Foods Inc.(USA) Cora Texas Manufacturing Company, LLC (USA) Good Food Inc. (USA) E D & F Man Holdings Limited (UK) B&G Foods, Inc. (USA) Malt Products Corporation (USA) Westway Feed Products LLC (USA) Sweet Harvest Foods Inc. (USA) Domino Specialty Ingredients (USA)
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Snapshot img

Molasses Market Size 2025-2029

The molasses market size is forecast to increase by USD 5.03 billion at a CAGR of 5.7% between 2024 and 2029.

The market is experiencing significant growth due to the expanding applications of molasses in various industries. One notable trend is the increasing demand for cold-pressed molasses extraction, which offers superior taste and nutritional value. New product developments include light and dark molasses, Canerite panela, sugar crystals, juice, and rum, expanding the market's reach beyond traditional baking and animal feed uses. However, the market is also faced with challenges, such as the fluctuating prices of molasses extract, which can impact the profitability of manufacturers. Producers must stay informed of these market dynamics to effectively navigate the market and maintain a competitive edge. Overall, the market is poised for continued growth, driven by its versatile uses and the increasing health consciousness among consumers.

What will be the Size of the Molasses Market During the Forecast Period?

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The market encompasses the production and distribution of molasses, a by-product of the sugar industry, primarily derived from sugarcane and sugar beets. This market caters to various industries, including personal care, medicine, and pharmaceuticals, due to molasses' rich nutritional profile. Molasses is increasingly sought after In the health-conscious consumer sector for its role in healthy eating and managing blood sugar levels, particularly for individuals with diabetes and obesity. Urbanization and the growing millennial population's preference for natural and organic products have fueled the demand for organic and conventional molasses in food and beverage applications.
Additionally, molasses is gaining traction as an alternative energy source in biofuel production. The international market is diverse, with significant production in countries such as Brazil, India, and China, ensuring a steady supply for global industries.

How is this Molasses Industry segmented and which is the largest segment?

The molasses industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Feed
  Food and beverage


Type

  Blackstrap molasses
  Regular molasses


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Middle East and Africa



  South America

By Application Insights

The feed segment is estimated to witness significant growth during the forecast period.

Molasses, a by-product of sugar refining, holds significant value in various industries, including the feed sector. In animal nutrition, molasses serves as an essential additive for concentrated animal and mineral feed production. Its popularity lies in its ease of digestibility and ability to enhance milk production in livestock. During periods of low natural feed availability, molasses is added to supplement poor-quality roughage. Factors fueling the growth of the molasses feed segment include the increasing livestock population, particularly in developing economies like India and Brazil, and the rising intake of molasses feed for livestock. This trend is expected to persist, contributing to the expansion of the market during the forecast period.

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The feed segment was valued at USD 8.61 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 63% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The APAC market is poised for significant expansion due to increasing consumer health awareness and the expanding utilization of molasses in livestock feed. The region's growth is driven by the rising prevalence of obesity, diabetes, and other health concerns, leading to a heightened demand for natural, low-calorie sweeteners. Furthermore, urbanization, increased disposable income, and evolving lifestyles are additional factors fueling market growth.

Additionally, molasses, derived from sugarcane or sugar beets, is utilized in various industries, including food and beverage, animal feed, biofuel, and pharmaceuticals. Its versatility as an ingredient in food products, a raw material for bioethanol production, and a microbial growth medium in industrial fermentation processes contributes to its market expansion. The marke

The Kenyan cane molasses market fell to $7.3M in 2024, with a decrease of -6% against the previous year. Over the period under review, consumption showed a noticeable downturn. Cane molasses consumption peaked at $9.9M in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

The New Zealand cane molasses market dropped sharply to $731K in 2024, with a decrease of -23.1% against the previous year. Over the period under review, consumption recorded a precipitous descent. As a result, consumption reached the peak level of $20M. From 2019 to 2024, the growth of the market remained at a lower figure.

Forecast: Molasses Market Size Value in the UK 2023 - 2027 Discover more data with ReportLinker!

The CIS cane molasses market fell modestly to $113M in 2024, waning by -1.9% against the previous year. In general, consumption, however, saw pronounced growth. The level of consumption peaked at $119M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

The cane molasses market is anticipated to flourish at an average CAGR of 4.5% between 2023 and 2033. The market is expected to hold a market share of US$ 5.3 billion by 2033 while the market is likely to reach a value of US$ 3.4 billion in 2023.

Attributes	Details
Cane Molasses Market CAGR (2023 to 2033)	4.5%
Cane Molasses Market Size (2023)	US$ 3.4 billion
Cane Molasses Market Size (2033)	US$ 5.3 billion

Molasses Market Size Value in Finland, 2021 Discover more data with ReportLinker!

The German cane molasses market fell significantly to $52M in 2024, with a decrease of -23.2% against the previous year. Over the period under review, consumption recorded a mild setback. Over the period under review, the market reached the peak level at $85M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

Molasses Market Size Value in Spain, 2022 Discover more data with ReportLinker!

The Nepalese cane molasses market expanded to $1.6M in 2024, rising by 1.9% against the previous year. Over the period under review, consumption showed a perceptible decrease. As a result, consumption attained the peak level of $2.7M. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.

Cane Molasses Market Size Value in France, 2021 Discover more data with ReportLinker!

The East European non-cane molasses market rose to $389M in 2024, with an increase of 3.1% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $425M in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

Forecast: Cane Molasses Market Size Value in France 2022 - 2026 Discover more data with ReportLinker!

Cane Molasses Market Size Value Per Capita in the UK, 2022 Discover more data with ReportLinker!

Molasses Market Size Value in France, 2021 Discover more data with ReportLinker!