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Blackstrap Molasses Market Report by Form, Product, Distribution Channel, Application, and Region 2024-2032

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    Report

  • 139 Pages
  • September 2024
  • Region: Global
  • IMARC Group
  • ID: 5912066
Description Jump to:
The global blackstrap molasses market size reached US$ 13.2 Billion in 2023. Looking forward, the market is expected to reach US$ 20.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2023-2032.

Blackstrap molasses is a sweetener obtained from the processing of raw sugar beets, sugarcane, pomegranate, dates, carob, and sorghum. It is low in calories and contains a high amount of calcium, potassium, selenium, magnesium, and niacin as compared to regular molasses. It aids in preventing blood clotting, relieving menstrual cramps, maintaining the health of uterine muscles, and relieving premenstrual syndrome (PMS) symptoms. It also assists in combatting stress and anxiety, controlling mood, and preventing pain, depression, and fatigue. Presently, it is employed in the food and beverage (F&B) industry to provide moisture and tenderness to baked goods and increase their shelf life.

Blackstrap Molasses Market Trends:

A surge in the consumption of ready-to-eat (RTE) products due to hectic lifestyles, inflating disposable incomes, and the increasing health consciousness among individuals represents one of the primary factors impelling the market growth. Blackstrap molasses is utilized as a spread or topping on toast, oatmeal, and porridges. It also finds application in the preparation of marinades, barbeque sauces, and glazes, and intensifies richness, lowers the acidic taste, and enhances the nutrition value of the coffee. Moreover, it has a low glycemic index and contains a high level of chromium, which increases glucose tolerance and naturally slows the metabolism of carbohydrates, thereby resulting in less insulin production.

This, in confluence with the growing prevalence of diabetes, is catalyzing the demand for blackstrap molasses worldwide to stabilize blood sugar levels. Furthermore, it helps reduce free radicals in the body, which are considered one of the primary causes of cancer. As the risk of developing cancer rises with age, the rising geriatric population and the increasing awareness among individuals about the benefits of consuming blackstrap molasses are creating a positive market outlook.

Key Market Segmentation:

This report provides an analysis of the key trends in each sub-segment of the global blackstrap molasses market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on form, product, distribution channel and application.

Breakup by Form:

  • Liquid
  • Powder

Breakup by Product:

  • Organic
  • Conventional

Breakup by Distribution Channel:

  • Offline
  • Online

Breakup by Application:

  • Industrial Fermentation
  • Food and Beverages
  • Pharmaceutical
  • Animal Feed
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Allied Old English Inc., B&G Foods Inc., Buffalo Molasses LLC, Crosby Molasses Co Ltd., Domino Speciality Ingredients (American Sugar Refining Inc.), E D & F Man Holdings Limited, Louis Dreyfus Company B.V. (Louis Dreyfus Holding B.V.), Malt Products Corporation, Sweet Harvest Foods (Natural American Foods Inc) and Zook Molasses Company.

Key Questions Answered in This Report

1. How big is the global blackstrap molasses market?
2. What is the expected growth rate of the global blackstrap molasses market during 2024-2032?
3. What are the key factors driving the global blackstrap molasses market?
4. What has been the impact of COVID-19 on the global blackstrap molasses market?
5. What is the breakup of the global blackstrap molasses market based on the form?
6. What is the breakup of the global blackstrap molasses market based on the product?
7. What is the breakup of the global blackstrap molasses market based on the distribution channel?
8. What is the breakup of the global blackstrap molasses market based on the application?
9. What are the key regions in the global blackstrap molasses market?
10. Who are the key players/companies in the global blackstrap molasses market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Blackstrap Molasses Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Form
6.1 Liquid
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Powder
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Product
7.1 Organic
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Conventional
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Offline
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Online
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Industrial Fermentation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Food and Beverages
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Pharmaceutical
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Animal Feed
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Allied Old English Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 B&G Foods Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Buffalo Molasses LLC
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Crosby Molasses Co Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Domino Speciality Ingredients (American Sugar Refining Inc.)
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 E D & F Man Holdings Limited
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Louis Dreyfus Company B.V. (Louis Dreyfus Holding B.V.)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Malt Products Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Sweet Harvest Foods (Natural American Foods Inc)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Zook Molasses Company
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Blackstrap Molasses Market: Major Drivers and Challenges
Figure 2: Global: Blackstrap Molasses Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Blackstrap Molasses Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Blackstrap Molasses Market: Breakup by Form (in %), 2023
Figure 5: Global: Blackstrap Molasses Market: Breakup by Product (in %), 2023
Figure 6: Global: Blackstrap Molasses Market: Breakup by Distribution Channel (in %), 2023
Figure 7: Global: Blackstrap Molasses Market: Breakup by Application (in %), 2023
Figure 8: Global: Blackstrap Molasses Market: Breakup by Region (in %), 2023
Figure 9: Global: Blackstrap Molasses (Liquid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Blackstrap Molasses (Liquid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Blackstrap Molasses (Powder) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Blackstrap Molasses (Powder) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Blackstrap Molasses (Organic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Blackstrap Molasses (Organic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Blackstrap Molasses (Conventional) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Blackstrap Molasses (Conventional) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Blackstrap Molasses (Offline) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Blackstrap Molasses (Offline) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Blackstrap Molasses (Online) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Blackstrap Molasses (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Blackstrap Molasses (Industrial Fermentation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Blackstrap Molasses (Industrial Fermentation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Blackstrap Molasses (Food and Beverages) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Blackstrap Molasses (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Blackstrap Molasses (Pharmaceutical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Blackstrap Molasses (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Blackstrap Molasses (Animal Feed) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Blackstrap Molasses (Animal Feed) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Blackstrap Molasses (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Blackstrap Molasses (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: North America: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: North America: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: United States: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: United States: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Canada: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Canada: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Asia-Pacific: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Asia-Pacific: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: China: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: China: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Japan: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Japan: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: India: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: India: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: South Korea: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: South Korea: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Australia: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Australia: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Indonesia: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Indonesia: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Europe: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Europe: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Germany: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Germany: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: France: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: France: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: United Kingdom: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: United Kingdom: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Italy: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Italy: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Spain: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Spain: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Russia: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Russia: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Latin America: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Latin America: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Brazil: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Brazil: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Mexico: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Mexico: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Middle East and Africa: Blackstrap Molasses Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Middle East and Africa: Blackstrap Molasses Market: Breakup by Country (in %), 2023
Figure 79: Middle East and Africa: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Global: Blackstrap Molasses Industry: SWOT Analysis
Figure 81: Global: Blackstrap Molasses Industry: Value Chain Analysis
Figure 82: Global: Blackstrap Molasses Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Blackstrap Molasses Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Blackstrap Molasses Market Forecast: Breakup by Form (in Million US$), 2024-2032
Table 3: Global: Blackstrap Molasses Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 4: Global: Blackstrap Molasses Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 5: Global: Blackstrap Molasses Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Blackstrap Molasses Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Blackstrap Molasses Market: Competitive Structure
Table 8: Global: Blackstrap Molasses Market: Key Players

Companies Mentioned

  • Allied Old English Inc.
  • B&G Foods Inc.
  • Buffalo Molasses LLC
  • Crosby Molasses Co Ltd.
  • Domino Speciality Ingredients (American Sugar Refining Inc.)
  • E D & F Man Holdings Limited
  • Louis Dreyfus Company B.V. (Louis Dreyfus Holding B.V.)
  • Malt Products Corporation
  • Sweet Harvest Foods (Natural American Foods Inc)
  • Zook Molasses Company

Methodology

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Table Information

Report AttributeDetails
No. of Pages139
PublishedSeptember 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 13.2 Billion
Forecasted Market Value ( USD ) by 2032 $ 20.2 Billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Blackstrap Molasses Market

Blackstrap Molasses is a type of sugar and sweetener derived from the refining of sugar cane or sugar beet juice into sugar crystals. It is a dark, viscous syrup that is a by-product of the third boiling of the sugar syrup. It is a rich source of minerals, including iron, calcium, magnesium, and potassium, and is also a good source of dietary fiber. It has a strong, distinctive flavor that is often used in baking and cooking. Blackstrap Molasses is a popular sweetener in many countries, particularly in the Caribbean, where it is used to sweeten dishes such as rice and peas. It is also used in the production of rum and other alcoholic beverages. In the United States, it is often used in baking and as a topping for pancakes and waffles. Companies in the Blackstrap Molasses market include D&G Molasses, Tate & Lyle, and West Indian Molasses. Show Less Read more

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