Citrus Molasses Market is anticipated to grow at a CAGR of 7.1% during forecast period due to increasingly used in distilleries for fermentation process in the production of alcohol.

 

Introduction of the Citrus Molasses Market Report

The citrus molasses refers to a by-product obtained from the juice of citrus wastes. It is a thick viscous liquid, dark brown to almost black, with a very bitter taste. The fresh pulp obtained after pressing the citrus fruit is mixed with lime and pressed to remove moisture. The resulting liquid is screened to remove the larger particles, sterilised by heating and concentrated. The resulting product contains 71-72% dry matter and 60-65% sugar.

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Market Dynamic

Key Drivers and Emerging Trends

Rising demand for plant-based products; growing market for cattle feed; and the increasing demand for citrus fruits are some of the major factors expected to drive the growth of the citrus molasses market over the forecast period. Additionally, citrus molasses are increasingly used in distilleries for fermentation process in the production of alcohol, which is expected to further stimulate the market demand for citrus molasses.

Moreover, increasing adoption of organic and natural products coupled with the demand for immunity increasing ingredients in the animal feed are anticipated to drive the growth of the citrus molasses market share. Furthermore, low prices and the high nutritional content of citrus molasses are further contributing the growth of the citrus molasses market size.

Restraint in the Citrus Molasses Market

However, fluctuation in the prices of raw materials is expected to hamper the market growth. Moreover, decrease in the production activities due to the lack of labourers, transposition and shut down of manufacturing plants globally may further restraint the growth of the citrus molasses market.

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Type – Segment Analysis

Based on the type, organic citrus molasses is expected to grow at a significant rate over the forecast period. This can be attributed to the increase in global livestock feed market and rising demand for organic ingredients and natural food products in agricultural market. The demand for organic molasses in distillery for the production of alcoholic beverages is further accelerating the market growth over the forecast period.

End-Use Application – Segment Analysis

Based on the end-use application, animal feed is expected to hold a notable share in the citrus molasses market over the forecast period. This is primarily due to the growing animal husbandry industry, rising use of citrus molasses for feeding livestock including beef, heifers, calf, and other dairy cattle. Moreover, citrus molasses are more digestible and improve appetite owing to which they are increasingly used as a high energy feed in ruminant rations. This is expected to support the market growth.

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Regional – Segment Analysis:

North America is expected to account for a prominent share in the market over the forecast period. This can be attributed to the high economic development, growing cattle farming market and rising production of alcoholic beverages. Increasing inclination towards the production of biofuel in U.S. is further expected to support the market growth for citrus molasses.

Top Market Players

Several leading Citrus Molasses companies operating in the market, include, Lemon Concentrate S.L.U, Louis Dreyfrus Company B.V., Citrusuco, Citromax, Archer-Daniels-Midland Company, Yantai North Andre Juice Co. Ltd., Vita-Pakt Citrus Products, Peace River Citrus Products, Rio Grande Juice Company, and Citrus Processing India Pvt. Ltd. among others. 

Key Developments: 

• • In 2020, Archer Daniels Midland Company acquired the Ziegler Group, one of the leading European providers of natural citrus flavour ingredients. This is expected to strengthen the product portfolio of the company in the citrus fruit extracts including molasses.

Segments covered in the Report:

The global Citrus Molasses market has been segmented on the basis of type, end-use application, and key regions. Based on type, the market is segmented into conventional and organic. Based on the end use application, the market is segmented into animal feed, pulp production, biofuel, and others. 

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Key questions answered in this research report:

• • At what pace is global Citrus Molassess market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Citrus Molasses Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Citrus Molasses Market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What are the various end-use applications of global Citrus Molasses Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By End-use Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Lemon Concentrate S.L.U, Louis Dreyfrus Company B.V., Citrusuco, Citromax, Archer-Daniels-Midland Company, Yantai North Andre Juice Co. Ltd., Vita-Pakt Citrus Products, Peace River Citrus Products, Rio Grande Juice Company, and Citrus Processing India Pvt. Ltd. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Citrus Molasses Market by Type

• • Conventional
  • Organic

Global Citrus Molasses Market by End-Use Application

• • Animal Feed
  • Pulp Production
  • Biofuel
  • Others

Global Citrus Molasses Market by Region

• • North America Citrus Molasses Market (Option 1: As a part of the free 25% customization)
    • North America Citrus Molasses Market by Type
    • North America Citrus Molasses Market by End-Use Application
    • US Citrus Molasses Market All-Up
    • Canada Citrus Molasses Market All-Up
  • Europe Citrus Molasses Market (Option 2: As a part of the free 25% customization)
    • Europe Citrus Molasses Market by Type
    • Europe Citrus Molasses Market by End-Use Application
    • UK Citrus Molasses Market All-Up
    • Germany Citrus Molasses Market All-Up
    • France Citrus Molasses Market All-Up
    • Spain Citrus Molasses Market All-Up
    • Rest of Europe Citrus Molasses Market All-Up
  • Asia-Pacific Citrus Molasses Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Citrus Molasses Market by Type
    • Asia-Pacific Citrus Molasses Market by End-Use Application
    • China Citrus Molasses Market All-Up
    • India Citrus Molasses Market All-Up
    • Japan Citrus Molasses Market All-Up
    • Rest of APAC Citrus Molasses Market All-Up
  • RoW Citrus Molasses Market (Option 4: As a part of the free 25% customization)
    • RoW Citrus Molasses Market by Type
    • RoW Citrus Molasses Market by End-Use Application
    • Brazil Citrus Molasses Market All-Up
    • South Africa Citrus Molasses Market All-Up
    • Saudi Arabia Citrus Molasses Market All-Up
    • UAE Citrus Molasses Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Citrus Molasses Market All-Up

Major Players Operating in the Citrus Molasses Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Lemon Concentrate S.L.U
  • Louis Dreyfrus Company B.V.
  • Citrusuco
  • Citromax
  • Archer-Daniels-Midland Company
  • Yantai North Andre Juice Co. Ltd.
  • Vita-Pakt Citrus Products
  • Peace River Citrus Products
  • Rio Grande Juice Company
  • Citrus Processing India Pvt. Ltd.