Product Code: ETC050179 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia molasses market is expected to register a CAGR of 2.3% during the period 2025-2031. Molasses are widely used in baking, brewing, and distilling industries due to their high nutritional value and taste. The growth of the molasses market in Saudi Arabia is mainly driven by increased demand from food processing industry, growing population, increasing urbanization and rising disposable income among consumers. However, availability of substitutes for molasses such as sugar syrups and artificial sweeteners may hinder the growth of this market during 2025-2031.
The food processing industry uses molasses as a source of natural sweetness which adds flavor to various food products including jams & jellies, bakery items etc., thereby driving its consumption in this sector. Moreover, increasing health consciousness among people has boosted expand the usage area for healthy low glycemic index ingredients like organic blackstrap molasses in several product categories such as breakfast cereals bars sandwiches etc., thus propelling its demand further in near future. Growing Population & Urbanization with rapid expansion on population growth rate coupled with increased urbanization there has been rise in demand for convenience foods over traditional ones; moreover rising disposable incomes have enabled people to buy these readymade processed food items which boosts the consumption of sugary products containing mostly cane or beet sugar syrup or other sweeteners instead of regular white sugar that contain more calories thus positively affecting overall sales volume for different types of Sweetening agents including Molassess too.
There are some alternatives available such as sugar syrups and artificial sweetener instead fo concentrated liquid juice extract produced from mature plant sources like sugercane making it difficult for manufacturers who opt heavy usage natural ingredient content usually found present within Molassess especially after recent changes regarding production related regulations set forth by Government concerning industrial usages keeping into account potential environmental hazards caused due excessive use agricultural inputs.
The COVID-19 pandemic has had a major impact on the global economy and disrupted normal business operations in many countries, including Saudi Arabia. This has led to decreased demand for food products such as molasses due to the reduced availability of raw materials and limited mobility of goods within Saudi Arabia and from other countries.
Some key players operating in the Saudi Arabia market include Al Rawabi Dairy Company Ltd., SADAFCO (Saudi Agricultural & Livestock Investment Co.), Nestle Middle East FZE., Emirates Food Industries Ltd., Red Bull GmbH., PepsiCo Inc., Aujan Coca-Cola Beverages Co.(ACCBC), among others . These companies are increasingly focusing on product innovation and offering new flavors of their existing products or launching new innovative products to meet changing customer needs in order to gain competitive advantage in the market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Molasses Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Molasses Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Molasses Market - Industry Life Cycle |
3.4 Saudi Arabia Molasses Market - Porter's Five Forces |
3.5 Saudi Arabia Molasses Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Saudi Arabia Molasses Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Saudi Arabia Molasses Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.8 Saudi Arabia Molasses Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
3.9 Saudi Arabia Molasses Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Saudi Arabia Molasses Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Molasses Market Trends |
6 Saudi Arabia Molasses Market, By Types |
6.1 Saudi Arabia Molasses Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Molasses Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 Saudi Arabia Molasses Market Revenues & Volume, By Sugarcane, 2021-2031F |
6.1.4 Saudi Arabia Molasses Market Revenues & Volume, By Sugarbeet, 2021-2031F |
6.2 Saudi Arabia Molasses Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Molasses Market Revenues & Volume, By Regular Molasses, 2021-2031F |
6.2.3 Saudi Arabia Molasses Market Revenues & Volume, By Blackstrap Molasses, 2021-2031F |
6.3 Saudi Arabia Molasses Market, By Nature |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Molasses Market Revenues & Volume, By Organic, 2021-2031F |
6.3.3 Saudi Arabia Molasses Market Revenues & Volume, By Conventional, 2021-2031F |
6.4 Saudi Arabia Molasses Market, By End-Use |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Molasses Market Revenues & Volume, By Industrial , 2021-2031F |
6.4.3 Saudi Arabia Molasses Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Saudi Arabia Molasses Market Revenues & Volume, By Household, 2021-2031F |
6.5 Saudi Arabia Molasses Market, By Sales Channel |
6.5.1 Overview and Analysis |
6.5.2 Saudi Arabia Molasses Market Revenues & Volume, By Direct, 2021-2031F |
6.5.3 Saudi Arabia Molasses Market Revenues & Volume, By Indirect, 2021-2031F |
7 Saudi Arabia Molasses Market Import-Export Trade Statistics |
7.1 Saudi Arabia Molasses Market Export to Major Countries |
7.2 Saudi Arabia Molasses Market Imports from Major Countries |
8 Saudi Arabia Molasses Market Key Performance Indicators |
9 Saudi Arabia Molasses Market - Opportunity Assessment |
9.1 Saudi Arabia Molasses Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Saudi Arabia Molasses Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Saudi Arabia Molasses Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.4 Saudi Arabia Molasses Market Opportunity Assessment, By End-Use, 2021 & 2031F |
9.5 Saudi Arabia Molasses Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Saudi Arabia Molasses Market - Competitive Landscape |
10.1 Saudi Arabia Molasses Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Molasses Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |