(MENAFN- Ameliorate Digital Consultancy)
The dry molasses market is growing steadily, driven by increasing demand for natural and organic products in the animal feed and agriculture industries. According to a report by Persistence Market Research, the global dry molasses market was valued at $255.7 million in 2020 and is expected to reach $308.2 million by 2026, growing at a CAGR of 4.7% from 2021 to 2026.
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One of the main drivers of the dry molasses market is the increasing demand for natural and organic products in animal feed. Dry molasses is a natural source of carbohydrates, minerals, and vitamins, making it a popular ingredient in animal feed for livestock, poultry, and pets. It is also used as a natural sweetener and flavor enhancer in animal feed.
Another driver of the dry molasses market is the growing trend of sustainable agriculture. Dry molasses is a natural soil conditioner that can improve soil quality, increase microbial activity, and enhance plant growth. It is often used in organic farming as an alternative to synthetic fertilizers and soil amendments.
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However, there are also some challenges facing the dry molasses market, including the volatility of molasses prices, which can be affected by factors such as weather conditions and sugar production. Additionally, the availability of high-quality dry molasses can be limited in some regions.
Overall, the dry molasses market is expected to continue growing in the coming years, driven by increasing demand for natural and organic products in the animal feed and agriculture industries.
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Companies Covered in This Report –
International Molasses Corporation Standish Milling Alltech Archer Daniels Midland Company Pestell Nutrition Inc. Nature's Creation Zook Molasses Company ACI Animal Health Westway Feed Products Provet Pharma Private Limited Rocky Mountain Spice Company Prescribed For Life NPK Industries Great American Spice Company Triple Crown Nutrition, Inc.
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lentil protein market linseed oil market rhum agricole market
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About Food & Beverage Division at Persistence Market Research
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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