Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.1 Billion | USD 8.1 Billion | 4.5% | 2021 |
FrequentlyAsked Questions
The global cane molasses market is projected to expand over 2022-2030 owing to humungous product demand in food & beverages due to high nutrient contents. Cane molasses comprises iron and its absorption enhancers including copper, sulfur, and fructose. This has made it a key dietary supplement in iron deficiency anemia, thereby embellishing the expansion of the global cane molasses industry.
According to study, the global sperm bank market size was $4.1 billion in 2021 and is projected to reach $8.1 billion by the end of 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2022 and 2030.
The global cane molasses market is anticipated to be dominated by the Asia-Pacific zone in the ensuing years subject to massive export of cane molasses by countries such as India. Apart from this, a prominent increase in consumer expenditure on food & beverages along with changing consumer lifestyles will embellish the market trends in the Asia-Pacific zone.
The global cane molasses market is led by players like Sweet Harvest Foods Inc., Michigan Sugar Company, The Archer Daniels Midland Company, B&G Foods, Inc., Westway Feed Products LLC, Crosby Molasses Co Ltd., Malt Products Corporation, E D & F Man Holdings Limited, Good Food Inc., Cora Texas Manufacturing Company, LLC, Quality Liquid Feeds, Zook Molasses, Buffalo Molasses, Premier Molasses, Malt Products, Meridian Foods, and International Molasses.
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