Molasses Market: Rising Use in the Animal Feed Industry to Open Lucrative Business Opportunities -TMR
The growth of global molasses market is due to its high consumption in animal feed industry and biofuel industry. The major production source of molasses is sugarcane and regions such as APAC and Latin America provides the most favorable environment for the sugarcane production and so it directly influences the molasses market. The molasses is produced as a by-product in sugar production and so regions producing large quantity of sugar serves as major molasses producing regions.
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