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Global Blackstrap Molasses Market: By Form: Liquid, Powder; By Application: Industrial Fermentation, Food and Beverages, Pharmaceutical, Animal Feed, Others; By Distribution Channel: Offline, Online; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Blackstrap Molasses Market Outlook
The global blackstrap molasses market reached a value of about USD 10.80 billion in 2021. The industry is further expected to grow at a CAGR of about 2.9% in the forecast period of 2023-2028 to reach a value of around USD 12.63 billion by 2027.
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The Asia Pacific Dominates the Blackstrap Molasses Industry
Because of the vast production of sugar from sugar cane, the Asia Pacific dominated the worldwide blackstrap molasses industry. This is mostly owing to the favourable climatic conditions, huge agricultural regions, and government encouragement for the production of cane sugar. The rising demand for bakery items in the Asia Pacific region can be attributed to the changing lifestyle, growing western influence, and rising disposable income. As a result of the growing consumption of bakery products, the demand for blackstrap molasses is likely to rise, as it is utilised in the making of a variety of goods and provides a number of health advantages.
Blackstrap Molasses: Market Segmentation
When sugar cane is processed to generate refined sugar, a by-product called blackstrap molasses is produced. The third boiling of sugar syrup yields blackstrap molasses, which is dark and viscous with a strong flavour. Blackstrap molasses is also used as a natural food colouring ingredient.
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The market can be segmented on the basis of form into:
- Liquid
- Powder
The market may be differentiated by application into:
- Industrial Fermentation
- Food and Beverages
- Pharmaceutical
- Animal Feed
- Others
The distribution channels for blackstrap molasses are as follows:
- Offline
- Online
The regional markets for blackstrap molasses include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Lifestyle Changes Bolstering the Market Growth
The growing usage of blackstrap molasses in food and drinks and the rising consumer awareness of its advantages are projected to propel the blackstrap molasses industry forward. The consumers are becoming more health-conscious, favouring items with high nutritional content. As a result, businesses in this sector are attempting to create novel products that provide a variety of health advantages. The food and beverage manufacturers may benefit from the increased demand for molasses in the bread sector since it is less expensive than sugar. The sector is driven by an increase in alcoholic beverage manufacturing as well as changes in people's dietary and lifestyle choices.
Key Industry Players in the Global Blackstrap Molasses Market
The report gives a detailed analysis of the following key players in the global blackstrap molasses market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Allied Old English, Inc.
- Crosby Molasses Co. Ltd.
- B&G Foods, Inc.
- Mahajan Molasses Company
- Domino Comercio, SA de CV
- Good Food, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Application, Distribution Channel, Region |
| Breakup by Form | Liquid, Powder |
| Breakup by Application | Industrial Fermentation, Food and Beverages, Pharmaceutical, Animal Feed, Others |
| Breakup by Distribution Channel | Offline, Online |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Allied Old English, Inc., Crosby Molasses Co Ltd., B&G Foods, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Blackstrap Molasses Market Analysis
8.1 Key Industry Highlights
8.2 Global Blackstrap Molasses Historical Market (2018-2022)
8.3 Global Blackstrap Molasses Market Forecast (2023-2028)
8.4 Global Blackstrap Molasses Market by Form
8.4.1 Liquid
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Powder
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Blackstrap Molasses Market by Application
8.5.1 Industrial Fermentation
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Food and Beverages
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Pharmaceutical
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Animal Feed
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Blackstrap Molasses Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Online
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Blackstrap Molasses Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 Germany
9.2.3.2 United Kingdom
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Spain
9.2.3.6 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 India
9.3.3.3 Japan
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 Iran
9.5.3.3 Egypt
9.5.3.4 Turkey
9.5.3.5 South Africa
9.5.3.6 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Allied Old English, Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Crosby Molasses Co Ltd.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 B&G Foods, Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Mahajan Molasses Company
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Domino Comercio, SA de CV
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Good Food, Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Blackstrap Molasses Market: Key Industry Highlights, 2017 and 2027
2. Global Blackstrap Molasses Historical Market: Breakup by Form (USD Billion), 2018-2022
3. Global Blackstrap Molasses Market Forecast: Breakup by Form (USD Billion), 2023-2028
4. Global Blackstrap Molasses Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Blackstrap Molasses Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Blackstrap Molasses Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
7. Global Blackstrap Molasses Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
8. Global Blackstrap Molasses Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Blackstrap Molasses Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Blackstrap Molasses Historical Market: Breakup by Country (USD Billion), 2018-2022s
11. North America Blackstrap Molasses Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Blackstrap Molasses Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Blackstrap Molasses Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Blackstrap Molasses Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Blackstrap Molasses Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Blackstrap Molasses Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Blackstrap Molasses Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Blackstrap Molasses Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Blackstrap Molasses Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Major Importing Countries by Volume (2020)
21. Major Exporting Countries by Volume (2020)
22. Major Importing Countries by Value (2020)
23. Major Exporting Countries by Value (2020)
24. North America Historical Price Trends and Forecast 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Blackstrap Molasses Market Structure
Key Questions Answered in the Report
In 2021, the global blackstrap molasses market attained a value of nearly USD 10.80 billion.
The market is projected to grow at a CAGR of 2.9% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 12.63 billion by 2027.
The major drivers of the industry include changing consumer patterns, lifestyle shifts, increasing bakery demands, and improving sugar cane production.
The growing usage of blackstrap molasses in food and drinks and the increasing consumer awareness of its advantages are expected to be the key trends guiding the growth of the industry.
The forms of blackstrap molasses available are liquid and powder.
Blackstrap molasses finds applications as industrial fermentation, food and beverages, pharmaceutical, animal feed, and others among others.
Blackstrap molasses can have different distribution channels like offline and online.
The leading players in this market are Allied Old English, Inc., Crossby Molasses, Co. Ltd., B&G Foods, Inc. Mahajan Molasses Company, Domino Comercio, SA de CV, and Good Food, Inc. among others.
Analyst Review
The global blackstrap molasses market attained a value USD 10.80 billion in 2021, driven by the changing consumer patterns, lifestyle shifts, increasing bakery demands, and improving sugar cane production. Aided by the growing usage of blackstrap molasses in food and drinks and the rising consumer awareness of its advantages, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 2.9%. The market is projected to reach USD 12.63 billion by 2027.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on form, the blackstrap molasses market can be segmented into liquid and powder. By application, the industry can be divided into industrial fermentation, food and beverages, pharmaceutical, and animal feed, among others. Blackstrap molasses can have different distribution channels like offline and online. The key players in the above industry include Allied Old English, Inc., Crossby Molasses, Co. Ltd., B&G Foods, Inc., Mahajan Molasses Company, Domino Comercio, SA de CV, Good Food, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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