According to the report, the global blackstrap molasses market attained a value of USD 10958.2 million in 2022. Aided by the rising demand for natural sweeteners and increasing health consciousness among consumers, the market is projected to further grow at a CAGR of 2.7% between 2023 and 2028 to reach a value of USD 12992.81 million by 2028.
Blackstrap molasses is a viscous, dark-coloured liquid obtained as a by-product during the sugar-making process. It is derived from the third boiling of sugar cane or sugar beet juice, resulting in a highly concentrated and nutrient-rich syrup. Essential vitamins and minerals like iron, calcium, magnesium, and potassium are abundant in blackstrap molasses. It is frequently utilised in a variety of food and beverage goods as a natural sweetener as well as a nutritional supplement to improve general health and wellbeing.
One of the key factors driving the global blackstrap molasses market growth is the increasing demand for natural sweeteners. Blackstrap molasses, being a natural sweetener with a low glycaemic index, is gaining popularity as a healthier alternative to sugar, especially among diabetic and weight-conscious consumers. Another significant factor contributing to the blackstrap molasses market expansion is its diverse applications across various industries, such as food and beverages, pharmaceuticals, and animal feed. Blackstrap molasses is a sweetener used in the food and beverage industry that is added to baked goods, sauces, and beverages. It is also utilised in the pharmaceutical industry as a natural source of essential nutrients, such as iron and calcium, in the formulation of dietary supplements and health tonics.
Furthermore, the growing awareness of the health benefits associated with blackstrap molasses is also driving the blackstrap molasses market growth. Blackstrap molasses is known for its potential health benefits, including improving bone health, maintaining healthy blood sugar levels, and promoting digestive health. This has led to an increased demand for blackstrap molasses as a functional ingredient in health foods and dietary supplements, further propelling the blackstrap molasses market development.
Blackstrap molasses is a viscous, dark-coloured liquid obtained as a by-product during the sugar-making process. It is derived from the third boiling of sugar cane or sugar beet juice, resulting in a highly concentrated and nutrient-rich syrup. Essential vitamins and minerals like iron, calcium, magnesium, and potassium are abundant in blackstrap molasses. It is frequently utilised in a variety of food and beverage goods as a natural sweetener as well as a nutritional supplement to improve general health and wellbeing.
One of the key factors driving the global blackstrap molasses market growth is the increasing demand for natural sweeteners. Blackstrap molasses, being a natural sweetener with a low glycaemic index, is gaining popularity as a healthier alternative to sugar, especially among diabetic and weight-conscious consumers. Another significant factor contributing to the blackstrap molasses market expansion is its diverse applications across various industries, such as food and beverages, pharmaceuticals, and animal feed. Blackstrap molasses is a sweetener used in the food and beverage industry that is added to baked goods, sauces, and beverages. It is also utilised in the pharmaceutical industry as a natural source of essential nutrients, such as iron and calcium, in the formulation of dietary supplements and health tonics.
Furthermore, the growing awareness of the health benefits associated with blackstrap molasses is also driving the blackstrap molasses market growth. Blackstrap molasses is known for its potential health benefits, including improving bone health, maintaining healthy blood sugar levels, and promoting digestive health. This has led to an increased demand for blackstrap molasses as a functional ingredient in health foods and dietary supplements, further propelling the blackstrap molasses market development.
Market Segmentation
The market can be divided based on form, application, distribution channel, and region.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
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global blackstrap molasses companies. Some of the major key players explored in the report are as follows:- Allied Old English, Inc
- Crosby Molasses Co Ltd
- B&G Foods, Inc
- Mahajan Molasses Company
- Domino Comercio, SA de CV
- Good Food, Inc
- Others
Table of Contents
1 Preface2 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
Companies Mentioned
- Allied Old English, Inc.
- Crosby Molasses Co Ltd.
- B&G Foods, Inc.
- Mahajan Molasses Company
- Domino Comercio, SA de CV
- Good Food, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 152 |
| Published | March 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 11352.7 Million |
| Forecasted Market Value ( USD | $ 12992.81 Million |
| Compound Annual Growth Rate | 2.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
