Molasses market consists of supply and demand for molasses on the lines, being a dark brown colored thick syrup obtained as a by-product while refining the juice of sugar beet or sugarcane for sugar production. It entails producing, exporting, and the usage of molasses for its end-use in including its application for use as animal feedstuffs, its usage in the production of biofuel, as well as food uses. Molasses is a thick, dark syrup that results from the process of sugar manufacturing.