About the Report
The global citrus molasses market is expected to rise in response to rising demand for plant-based products and the popularity of special diets. The demand for citrus products is increasing, which has led to a slew of new players entering the market and attempting to entice customers by offering exclusive citrus molasses product offerings. According to www.feedipedia.org, citrus molasses is a by-product of the extraction of citrus juice. After pressing the fruit, the fresh pulp is mixed with lime and pressed to extract moisture. The resulting liquid (press juice) is filtered to extract larger particles, heated to sterilise it, and then condensed.
Consumers are migrating to organic and natural goods, as they are more conscious about the wellbeing and health of their own and their families. This is anticipated to bode well for the market. Growing awareness has led customers to learn about the additives that are used in the beauty products they use, the drugs they consume, or the food they purchase for themselves or for the animals.
This has contributed to a move towards natural food products. The desire of customers to pay a higher price for more natural food products has changed the perception of citrus molasses markets. Manufacturers of citrus molasses often want to preserve the trust of their customers and so maintain transparency in the ingredients and manufacturing processes that they use. Many manufacturers of citrus molasses often specify the source of the raw material procurement, along with the area from which it is sourced.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for citrus molasses market. The report tracks the global sales of citrus molasses market in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the citrus molasses market industry in general, and citrus molasses market in particular.
How Historical and Future Outlook for Citrus Molasses Market Match Up?
Internationally, per capita expenditure on food and beverages by the total population has increased. The key reason behind the growing per capita consumption expenditure is the increasing concern of consumers about health and wellness of livestock Thus, consumers are becoming more concerned about the nature of their food products, as well as making a habit of reading ingredient labels on the products. Demand for customers for organic ingredients and products has been observing considerable growth in past few years. The organic segment in the citrus molasses market is expected to have a profitable growth over the forecast year owing to the growing customer demand for better and organic goods health impact of genetically-modified food products.
According to FMI’s analysis, citrus molasses market has anticipated to grow at 7.3% CAGR between 2021 and 2031. The livestock population is expected to increase in the upcoming years, catering to rising demand from the livestock industry in terms of meat, dairy products or for farming. The rising livestock population is expected to increase the demand for feed as well. But due to the rising concern among the consumers about eating healthy, the demand for immunity increasing and natural ingredients in the animal feed has increased. This is expected to increase the demand for citrus molasses in the animal feed industry
Furthermore, livestock and pet owners have become more concerned about the welfare of their animals. One of the main reasons for their increased spending on nutritious livestock feed is because of this. Customers are looking for more precise livestock feed, which has resulted in an increase in global livestock feed demand. Consumers are becoming more aware of their pets' intolerances and allergies which will give opportunity for manufacture of citrus molasses.
Will Economic Pricing of Citrus Molasses Affect Sales?
Citrus molasses are produced in huge quantities and thus they are easily available in the market. This is a key factor helping the market gain traction from end users. Availability of citrus molasses and no additional processing required has resulted in the price of the citrus molasses being low. The makes the product highly appealing to be used in the end-use applications especially in the animal feed and biofuel market. The high nutrition content adds to the market value along with economic prices
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How will Expansion of Retail Sector Affect Citrus Molasses Sales?
The demand for natural ingredients has been remarkably increasing in the food and beverage industry. The same trend also is registered in the animal feed market. Demand for molasses obtained from sugarcane beet and citrus is very high. This is especially common in the developed countries. The easy availability of these products in the retail market has resulted in the large consumer base.
This offers an opportunity for the citrus molasses manufacturers. The use of the citrus molasses in the feed industry has increased exponentially in the past few years. Thus, there is an underlying opportunity for the manufacturers to research on the possibilities of citrus molasses and launch their products in the retail market to enter in to the food industry.
What is Driving Citrus Molasses Sales in Brazil?
Brazil accounts for a significant share in the citrus molasses market both in terms of consumption and in terms of production, but if the pandemic lasts unabated, the sales of the citrus molasses could get affected in the forecast years due to economic instability and lack of product availability.
Improvement of new policies for the manufacturers and the workers will lead to successful operations. This could lead to the citrus molasses market to grow at a high rate in the Brazil.
How large is the Opportunity in United States for citrus molasses?
United States is one of key countries for citrus molasses market globally. FMI has projected that United States will to stay one of the supreme profitable markets over the course of the forecast period.
According to FMI, United States has around 70 % of market share in North America in year 2021. It is anticipated to intensify in the coming years, which is symbolic of noticeable scope for extension it will offer to citrus molasses market manufacturing businesses.
What is hold of Mexico in citrus molasses market?
Companies are aligning their innovation capacities and competency in citrus ingredients market with modern digital technologies to create benefits for customers. New technological innovation and several other features are likely to upsurge the citrus molasses market in Mexico
Mexico holds around 26% of market share in Latin America in year 2021 and it is expected that it grows with CAGR of 6.3%
How Big is the Opportunity in China?
China is expected to hold more than 35% of market share in year 2021 for citrus molasses market for Asia Pacific and it is anticipated to grow with notable CAGR of 8.6 %.
In terms of absolute GDP, China is the world's second largest economy after the United States. The Chinese economy is rapidly expanding, creating a massive and unique international business climate. China is a major global trade crossroads. It lends itself openly to massive international trade due to its vast land mass, population, rapidly increasing economy, and strategic ports. This business climate in china will help to boost citrus molasses market.
What is India's position in the citrus molasses market?
According to FMI, India holds more than 25% of market share in India for citrus molasses market and it is anticipated to grow at notable CAGR in forecasted period.
Citrus molasses industry involves a lot of research and development in order to assure the high quality and to find out better solutions in products. Many manufacturing companies of citrus molasses are heavily investing in the research to find launch new product line which is should be more cost effective as well as high in nutrition as compare to the traditional citrus molasses for consumption, which is expected to boost citrus molasses market.
Why are Conventional Citrus Molasses More in Demand?
FMI has projected conventional citrus molasses to hold dominant market share, which is around 80% in 2021 and it is expected to grow at a notable CAGR around 6.8% over forecast period.
Conventional citrus molasses, obtained from processing, were thrown away as waste. But rise in research and technological developments have resulted in the citrus molasses being known to be an important ingredient in the animal feed. This has resulted into more demand of conventional citrus molasses from customers for feeding livestock.
Why is Pulp Production Is Leading Market in End Use Application?
In terms of application, pulp production holds significant market share. Pulp production citrus molasses segment is expected to expand at 6% CAGR over the forecast period. Pulp production segment is estimated to account for 42.3% revenue share of the global citrus molasses market by 2021 end and is expected to lose 455 BPS in its market share by 2031 over 2021. Pulp production citrus molasses market is expected to create absolute $ opportunity of US$ 140.8 Mn between 2021 and 2031.
Why Are Direct Sales More Preferred for Citrus Molasses Distribution?
As citrus molasses are widely used in animal feed and pulp production they are widely sold through direct sales. Direct Sales/B2B citrus molasses segment is expected to expand at 7.1% CAGR over the forecast period Direct Sales/B2B citrus molasses market is estimated to account for 87% revenue share of the global citrus molasses market by 2021 end and is expected to lose 246 BPS in its market share by 2031 over 2021.
Demand for citrus molasses is growing and new players in this market have emerged. There are also several small-scale companies that rely more on creativity than on sales of goods. The market leaders with a wide global footprint have expanded their acquisitions and mergers with these small-scale companies to include products that add creativity to their product range and give the products of smaller firms a broader customer base. The leading manufacturers are also investing in manufacturing plants to increase their production capacity.
- In 2018, Louis Dreyfus Company completes acquisition of Sinarmas Natural Resources Foodstuff Technology (Tianjin) Co., Ltd to expand their global sales footprint.
- In 2015, Wonderful Citrus Company acquired the operation of Texas Citrus Exchange, which is the processor of citrus juice in Texas. The operation of Texas Citrus Exchange has been renamed Rio Grande Juice Company after the acquisition.
Some of the leading companies operating in citrus molasses market are:
- Lemon Concentrate S.L.
- Louis Dreyfrus Company B.V.,
- Citrusuco S.A.,
- Citromax Group,
- Sucocitrico Cutrale Ltd.,
- Yantai North Andre Juice Co. Ltd.
- Vita-Pakt Citrus Products,
- Peace River Citrus Products
- Rio Grande Juice Company
- Citrus Processing India (P) Ltd.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Scope of the Report
Historical Data Available for
USD Million for value and MT for Volume
Key Regions Covered
North America, Latin America, Europe, APEJ, Japan, MEA.
Key Countries Covered
US, Canada, Mexico, Brazil, Mexico, Rest of LATAM, Germany, France, U.K., Spain, Italy, Rest of Europe, India, China, Australia, New Zealand, Rest of APEJ, Japan, GCC Countries, Africa, Rest of MEA.
Key Segments Covered
Nature, Sales Channel, End Use Application Type and Region
Key Companies Profiled
Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
Key Questions Answered in the Report
Which is most rewarding market for citrus molasses market?
Brazil presently leads global market for citrus molasses market. Brazil holds more than 10 % of market in globally.
Which nature of citrus molasses is used extensively?
Conventional citrus molasses will account for leading market share in year 2021. Conventional segment will hold more than 70% of market in year 2021.
Which is the key application of citrus molasses?
Pulp production holds dominant share among end users in the citrus molasses market.
Which are some of the top companies offering citrus molasses?
Some of leading companies offering citrus molasses are Lemon Concentrate S.L., Louis Dreyfrus Company B.V., Citrusuco S.A., Citromax Group, Sucocitrico Cutrale Ltd., Yantai North Andre Juice Co. Ltd., Vita-Pakt Citrus Products, Peace River Citrus Products, Rio Grande Juice Company, and Others.
Which sales channel accounts high sales of citrus molasses?
The B2B segment holds dominance in terms of sales channel in the citrus molasses market.
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions.Request detailed methodology
- Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Citrus Molasses Market by category
- B2B/ Direct Sales
- B2C/ Indirect Sales
End Use Application
- Animal Feed
- Pulp Production
- North America
- Latin America