By 2033, the molasses market is projected to grow from USD 11,952.75 million to USD 23,512.86 million. This growth is expected to boost molasses’ market share and yield a compound annual growth rate (CAGR) of 7.0% from 2023 to 2033. Molasses, a thick syrup produced during the extraction of juice from sugarcane or sugar beets, …
Tag Archives: Molasses Market Insights
Molasses Market Expansion: Anticipated Rise to USD 23,512.86 Million by 2033 Driven by Animal Feed and Biofuel Industries
By 2033, molasses market share is expected to increase from USD 11,952.75 million to USD 23,512.86 million. This is anticipated to increase molasses’ market share and result in a CAGR of 7.0% between 2023 and 2033. Molasses, a thick syrup by-product of sugarcane or sugar beet juice extraction, is gaining popularity in various food and beverage …