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Global Blackstrap Molasses Market Size, Share, Forecast: By Form: Liquid, Powder; By Application: Industrial Fermentation, Food and Beverages, Pharmaceutical, Animal Feed, Others; By Distribution Channel: Offline, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Blackstrap Molasses Market Size
The global blackstrap molasses market reached a value of approximately USD 11.25 billion in 2023. The market is projected to grow at a CAGR of 2.8% between 2024 and 2032, reaching a value of around USD 14.45 billion by 2032.
Blackstrap Molasses Market Outlook
- According to APEDA, India exported 796,462.12 metric tons of prepared animal feeder products worth USD 445.60 million in 2022-23.
- According to DBT, the UK's food and drink industry, valued at £104.4 billion, is the largest manufacturing sector by turnover.
- Growing pharmaceutical sector is likely to further aid in the demand of blackstrap molasses.
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Blackstrap Molasses Market Growth Rate
The blackstrap molasses market advances with ongoing improvements in production technology, refining extraction, and processing methods to ensure superior quality and consistency in the product.
Pharmaceutical formulations like syrups, suspensions, and oral solutions can utilize blackstrap molasses as an excipient or formulation aid. Its viscosity, flavour, and nutritional benefits enhance palatability and nutritional value, improving patient compliance and acceptability.
By 2024, the pharmaceutical industry in India is forecasted to reach USD 65 billion, with expectations to double to USD 130 billion by 2030.
Key Trends and Developments
Nutritional benefits, e-commerce growth, packaging innovation, and sustainable sourcing are the major trends impacting global blackstrap molasses market growth.
April 2024
Allied Pinnacle selected Molasses to launch Wise Wheat in Australia, a high-fiber wheat variety. Molasses was tasked with brand strategy, positioning, and creative development, including naming, identity creation, and campaign execution.
January 2024
State-run OMCs issued a tender for ethanol procurement, excluding sugarcane juice and B-heavy molasses. BPCL floated a tender for about 267 crore litres of denatured anhydrous ethanol for the 2023-24 ethanol supply year.
April 2023
Belize Sugar Industries (BSI) has increased the price of a long ton of domestic blackstrap molasses by $60, raising it from $295 per ton to $355 per ton.
June2021
The study sought to produce and analyse chitosan-coated manganese ferrite nanoparticles via a one-step coprecipitation method. Furthermore, it examined ethanol production from blackstrap molasses using free S. cerevisiae and yeast immobilised on these nanoparticles.
Nutritional Benefits
Blackstrap molasses is rich in essential minerals like iron, calcium, magnesium, and potassium. Its high antioxidant content also contributes to its popularity among health-conscious consumers.
E-commerce Growth
The growth of e-commerce platforms has increased the accessibility of blackstrap molasses to a wider consumer audience, thereby driving market expansion.
Packaging Innovation
Innovations in packaging, including the introduction of squeezable bottles and single-serve packs, are making blackstrap molasses significantly more convenient and user-friendly for consumers.
Sustainable Sourcing
Increasing emphasis on sustainable and ethical sourcing practices is becoming a key selling point, significantly attracting environmentally conscious consumers who prioritize eco-friendly and socially responsible products.
Blackstrap Molasses Market Trends
The demand for blackstrap molasses is increasing due to its rising use in agriculture as a soil conditioner and fertilizer further enhancing soil health and crop yields sustainably. Blackstrap molasses is used in vegan recipes as a source of essential nutrients, catering to the rising vegan population.
Moreover, there is an increasing demand for organic blackstrap molasses, driven by consumers' preference for organic and non-GMO products. Advancements in production technology are improving extraction and processing methods, resulting in improved quality and consistency of blackstrap molasses.
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Blackstrap Molasses Industry Segmentation
“Global Blackstrap Molasses Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Form
- Liquid
- Powder
Market Breakup by Application
- Industrial Fermentation
- Food and Beverages
- Pharmaceutical
- Animal Feed
- Others
Market Breakup by Distribution Channel
- Offline
- Online
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Blackstrap Molasses Market Share
Liquid form enhances the blackstrap molasses market by offering the convenience of use for both home cooks and commercial food manufacturers.
Liquid form is versatile and can be used in a variety of culinary applications, including baking, cooking, beverages, and as a sweetener in health foods. In the food and beverage industry, the liquid form of blackstrap molasses is favoured for its consistency and ease of incorporation into recipes and products.
The powder form of blackstrap molasses is used in the nutraceutical industry to produce health supplements, energy bars, and fortified foods.
Industrial fermentation contributes to the blackstrap molasses market growth by enhancing the nutritional profile of molasses, making it a valuable component in animal feed formulations.
Industrial fermentation processes enable the valorisation of waste streams, including molasses, into value-added products. By fermenting molasses-derived sugars, bioproducts such as organic acids, and microbial biomass can be produced, enhancing resource efficiency in industrial operations.
Pharmaceutical companies utilise blackstrap molasses in the development of iron supplements and formulations designed to treat or prevent iron deficiency-related conditions. The demand for iron-enriched pharmaceutical products drives the consumption of blackstrap molasses as a raw material.
Leading Manufacturers in the Blackstrap Molasses Market
The companies are the manufacturers of drinks, meal solutions, baking, snacks and crackers, molasses, rice flour and others.
Allied Old English, Inc.: Founded in 1951 and is headquartered in Port Reading, NJ. The company is a food manufacturing business which manufactures drinks, drink mixes, and other liquid products.
Crosby Molasses Co. Ltd.: Established in 1879 and based in Saint John, New Brunswick, Crosby Foods Limited is a trusted Canadian food company known for its stringent quality standards in products and personnel.
B&G Foods, Inc.: Founded in 1889 and based in Parsippany, New Jersey. The company offers brands in categories including baking, households, meal solutions, snacks and crackers, spreads and syrups, and others.
Mahajan Molasses Company Source: Established in 1998 and based in Punjab, India. The company offers various products including molasses, rice flour, white sugar, and Indian rice.
Other global blackstrap molasses market key players are Domino Comercio, SA de CV and Good Food, Inc. among others.
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Blackstrap Molasses Market Analysis by Region
India's animal feed market is expected to hit approximately $19.23 billion, with a compound annual growth rate of 8.2%. This shows the rise in the demand for the blackstrap molasses market in the nation.
As per the DAERA, in February 2024, the combined deliveries of compound and processed animal feedstuff by feed manufacturers in Northern Ireland reached 239.1 thousand tonnes, reflecting a 7.0% rise from February 2023, reflecting the growth in the blackstrap molasses market in the country.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
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Blackstrap Molasses Market Report Snapshots
Blackstrap Molasses Market Size
Blackstrap Molasses Market Growth
Blackstrap Molasses Market Trends
Blackstrap Molasses Market Share
Blackstrap Molasses Manufacturers
Blackstrap Molasses Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 (2018-2023)
8.3 Global Blackstrap Molasses Market Forecast (2024-2032)
8.4 Global Blackstrap Molasses Market by Form
8.4.1 Liquid
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Powder
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Blackstrap Molasses Market by Application
8.5.1 Industrial Fermentation
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Food and Beverages
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceutical
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Animal Feed
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Blackstrap Molasses Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Online
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Blackstrap Molasses Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Blackstrap Molasses Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Blackstrap Molasses Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Spain
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Blackstrap Molasses Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Blackstrap Molasses Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Blackstrap Molasses Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Iran
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Egypt
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Turkey
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 South Africa
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
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 (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
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, 2018 and 2032
2. Global Blackstrap Molasses Historical Market: Breakup by Form (USD Billion), 2018-2023
3. Global Blackstrap Molasses Market Forecast: Breakup by Form (USD Billion), 2024-2032
4. Global Blackstrap Molasses Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Blackstrap Molasses Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Blackstrap Molasses Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Blackstrap Molasses Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Blackstrap Molasses Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Blackstrap Molasses Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Blackstrap Molasses Historical Market: Breakup by Country (USD Billion), 2018-2023s
11. North America Blackstrap Molasses Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Blackstrap Molasses Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Blackstrap Molasses Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Blackstrap Molasses Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Blackstrap Molasses Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Blackstrap Molasses Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Blackstrap Molasses Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Blackstrap Molasses Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Blackstrap Molasses Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Major Importing Countries by Value
23. Major Exporting Countries by Value
24. North America Historical Price Trends and Forecast 2018-2032
25. Europe Historical Price Trends and Forecast 2018-2032
26. Asia Pacific Historical Price Trends and Forecast 2018-2032
27. Latin America Historical Price Trends and Forecast 2018-2032
28. Middle East and Africa Historical Price Trends and Forecast 2018-2032
29. Global Blackstrap Molasses Market Structure
Key Questions Answered in the Report
The market was valued at USD 11.25 billion in 2023.
The market is projected to grow at a CAGR of 2.8% between 2024 and 2032.
The revenue generated from the blackstrap molasses market is expected to reach USD 14.45 billion in 2032.
The major market drivers include changing consumer preferences, 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 market.
The market is categorised according to the form, which includes liquid and powder.
Based on the application, the market is divided into industrial fermentation, food and beverages, pharmaceuticals, animal feed, and others.
Based on the distribution channel, the market is divided into online and offline.
The market key players are Allied Old English, Inc., Crosby Molasses Co. Ltd., B&G Foods, Inc., Mahajan Molasses Company, Domino Comercio, SA de CV and Good Food, Inc., among others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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