Dry Molasses Products Market Outlook
The dry molasses products are made from dry molasses by using a certain percentage to obtain the required colour and flavour. It acts as a natural sweetener The dry molasses is obtained from molasses solids which are then dried and used to make dry molasses products. For manufacturing dry molasses products, dry molasses is processed to obtain a granulated powder like sugar that can be used in a variety of products such as food, beverages, animal feed and as fertilizers.
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The dry molasses products are used in various end use food applications to give a certain texture. The incorporation of dry molasses products in the food products can also increase the nutritional value of the product as it is nutritionally very rich and can act as a natural sweetener. The incorporation of dry molasses products in certain food applications especially in the baked products is preferred compared to the wet molasses. This is because dry molasses products can easily be scaled. It also has a higher shelf life and improves the color, aroma, and texture of the food product is added to.
Different Types of Dry Molasses Products Used for Specific Applications
The colour of the dry molasses products varies depending upon the percentage of the dry molasses that is present in the product. A higher percentage of dry molasses means that the dry molasses products have a darker colour and strong flavour. And thus, depending upon the percentage of dry molasses used, the applications of the products changes.
The use of the subtle flavoured dry molasses products is used in the manufacturing of the bakery products such as specialty bread, cookies, health foods, and cereals, etc. whereas the strong flavour dry molasses products are used in cakes, cake mixes, and many others. It is also used in alcoholic and non-alcoholic beverages depending upon the colour and the sweetness of the beverage required.
Dry Molasses Products Market: Segmentation
The dry molasses products market can be segmented on the basis of source, nature, process and application.
On the basis of source, the dry molasses products market can be segmented as –
- Sugar Cane
On the basis of nature, the dry molasses products market can be segmented as –
On the basis of process, the dry molasses products market can be segmented as –
- Spay Dried
- Drum Dried
On the basis of application, the dry molasses products market can be segmented as –
- Food Products
- Animal Feed
Dry Molasses Products Market: Regional Analysis
The dry molasses products market is expected to grow exponentially in East Asia and South Asia in the forecasted years. This is due to the low awareness about the dry molasses in these regions. Amongst these regions, China and India are expected to have a higher growth rate compared to the other countries. The market of dry molasses products in North America and Europe is already good due to the extensive food and beverages industry in these regions. Even then, the dry molasses products market is expected to grow in the forecasted years due to the product being a natural sweetener. Consumers are more health conscious and prefer natural products over synthetic ones and are ready to pay a higher price for such premium products. Sustainability is also a top priority of the consumers nowadays and the molasses being a by-product of the sugar factory, the food industry manufacturers are getting it at an economical price and the waste that is thrown out also reduces which has increased the value of the dry molasses products.
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Dry Molasses Products Market: Key Participants
The key participants in the dry molasses products market are –
- Archer Daniels Midland Company
- E D & F Man Holdings Company Limited
- Zook Molasses Company
- International Health Products P/L