Molasses Market Overview By 2032, the molasses market was worth $ 20.533 billion, with a CAGR of 7.40 % from 2023 to 2032. As a byproduct of turning sugarcane and sugar beets into sugar, molasses is a viscous substance. Molasses made from sugarcane and sugar beets is thicker in consistency. Due to the high rate of sugarcane farming in Thailand, India, Brazil, Taiwan, the United States, and the...