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Global Blackstrap Molasses Market Size, Share, Growth: 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 Outlook
The global blackstrap molasses market reached a value of about USD 11.25 billion in 2023. The industry is further expected to grow at a CAGR of about 2.8% in the forecast period of 2024-2032 to reach a value of around USD 14.45 billion by 2032.
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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.
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. |
*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 (2018-2023)
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, 2017 and 2027
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 (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 2023, the global blackstrap molasses market attained a value of nearly USD 11.25 billion.
The market is projected to grow at a CAGR of 2.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 14.45 billion by 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.
Liquid and powder are the major segments based on the form of the product.
The different applications of blackstrap molasses are industrial fermentation, food and beverages, pharmaceutical, and animal feed, among others.
The various distribution channels in the market are 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 11.25 billion in 2023, 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 2024-2032, growing at a CAGR of 2.8%. The market is projected to reach USD 14.45 billion by 2032.
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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