The Global Packaged Molasses Extract Market is set to gain traction from its increasing usage in the food and beverages sector. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Packaged Molasses Extract Market Size, Share & Industry Analysis, By Type (Blackstrap Molasses, Dark or Medium Molasses, Light Molasses), By Form (Liquid, Powder), By Category (Organic, Conventional), By Packaging (Glass Bottles, Plastic Bottles, Pouches), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail) and Regional Forecast, 2020-2027.”
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Drivers & Restraints-
Rising Usage as a Sweetening Agent to Drive Growth:
Packaged molasses extracts are available in various forms depending on the extraction process and their sugar content. Hence, they are extensively used in a wide range of ready-to-eat snacks and convenience food as a sweetening agent. The increasing adoption of fast-paced lifestyles is set to propel the demand for ready-to-eat food worldwide. It is expected to bolster the packaged molasses extract market growth in the near future. Besides, these extracts are also utilized in making refined sugar as they contain antioxidants, vitamins, and minerals.
However, the availability of natural sweetening agents, namely, maple syrup, agave syrup, and honey possessing similar functionality of packaged molasses extracts may hinder growth. Also, people nowadays are rapidly shifting towards zero-calorie sweeteners because of the surging awareness of their health benefits. It would also obstruct growth.
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North America to Remain at Forefront Stoked by High Demand for Fortified Drinks
Geographically, North America is anticipated to generate the largest packaged molasses extract market share in the near future. This growth is attributable to the increasing usage of these extracts in pancakes and breakfast cereals to enhance their taste and flavor. Coupled with this, higher adoption in several fortified drinks would also spur growth.
Asia Pacific, on the other hand, is likely to grow considerably backed by the increasing cultivation of sugar beet and sugarcane in developing nations, such as India and China. In Europe, the high demand for packaged molasses extracts from the bakery and confectionery sector would augment growth. They are extensively used in baked beans, porridges, and pies.
A list of all the reputed packaged molasses extract providers operating in the market:
- Indiana Sugars, Inc.
- International Molasses Corporation, Ltd.
- B&G Foods, Inc.
- E D & F Man Holdings Limited
- Pures Sweet Honey Farm Inc.
- Zook Molasses Company
- Fairly Traded Organics
- K. Birla Group of Sugar Companies
- Other key market players
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What Does This Report Include?
The research report contains an in-depth study of various regions. It was curated by our team of highly skilled analysts after studying and observing numerous factors that determine regional growth, such as political, technological, social, economic, and environmental status of that particular region. The competitive landscape section was developed to help our clients better understand the collaborations and strategies that key companies are focusing on to compete with their rivals globally.
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