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Global Blackstrap Molasses Market to Grow at a CAGR of 5.70% During 2021-2026, Aided by the Increasing Applications in Various Industries

Blackstrap Molasses Market

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 10.95 billion in 2022. The industry is further expected to grow at a CAGR of about 2.7% in the forecast period of 2023-2028 to reach a value of around USD 12.99 billion by 2028.       

 

Global Blackstrap Molasses Market

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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.

 

Global Blackstrap Molasses Market

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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.

 

Global Blackstrap Molasses Market by Segment

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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    Opportunities and Challenges in the Market
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    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Powder
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Blackstrap Molasses Market by Application
        8.5.1    Industrial Fermentation
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Food and Beverages
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Pharmaceutical
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Animal Feed
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    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    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Online
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Blackstrap Molasses Market by Region        
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Blackstrap Molasses Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Blackstrap Molasses Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Spain
        10.5.1    Historical Trend (2018-2022) 
        10.5.2    Forecast Trend (2023-2028)
    10.5   Others
11    Asia Pacific Blackstrap Molasses Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Blackstrap Molasses Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Blackstrap Molasses Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    Iran
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Egypt
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    Turkey
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    South Africa
        13.5.1    Historical Trend (2018-2022) 
        13.5.2    Forecast Trend (2023-2028)
    13.6    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis 
16    Trade Data Analysis
    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume 
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Allied Old English, Inc.
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Crosby Molasses Co Ltd.
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    B&G Foods, Inc. 
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Mahajan Molasses Company
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Domino Comercio, SA de CV
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Good Food, Inc.
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Others
19    Key Trends and Developments in the Market

 

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

What was the global blackstrap molasses market size in 2022?

In 2022, the global blackstrap molasses market attained a value of nearly USD 10.95 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 2.7% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 12.99 billion by 2028.       

What are the major market drivers?

The major drivers of the industry include changing consumer patterns, lifestyle shifts, increasing bakery demands, and improving sugar cane production.

What are the key industry trends of the global blackstrap molasses market?

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.

What are the different forms of blackstrap molasses?

The forms of blackstrap molasses available are liquid and powder.

What are the different applications of blackstrap molasses?

Blackstrap molasses finds applications as industrial fermentation, food and beverages, pharmaceutical, animal feed, and others among others.

What are the different distribution channels of blackstrap molasses?

Blackstrap molasses can have different distribution channels like offline and online.

Who are the key industry players in this market?

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 10.95 billion in 2022, 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 2.7%. The market is projected to reach USD 12.99 billion by 2028.       

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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