Vegan Molasses Market Overview, Growth Opportunities and Forecast to 2027
Market Overview: Molasses is a viscous bi-product obtained from refining sugarcane and sugar beets into sugar. Sugarcane and sugar beets molasses has a thicker texture. Molasses is produced on a large scale in Thailand, India, Brazil, Taiwan, the United States and Philippines, as the sugarcane cultivation rate is high in these countries. Molasses is used for healing burns, treating constipation, alleviating blood pressure, and reducing fat accumulation in the human body. Thus, considering these factors, Vegan Molasses Market is expected witness high growth in forecast period. Based on type , the global molasses industry has been segmented into light, dark, blackstrap, and others. The blackstrap segment is anticipated to gain the largest revenue share in the global molasses industry and shall maintain lead throughout the forecast period. Blackstrap molasses is being used in various applications such as food, alcoholic beverages, animal feed, and others due to the health benefits offer