Blackstrap Molasses Market Competitive Dynamics and Global Outlook, 2021 - 2027

The blackstrap molasses market size was valued at $12,889.9 million in 2019, and is estimated to reach $18,185.8 million by 2027, registering a CAGR of 5.7% from 2021 to 2027.

Cane blackstrap molasses, a byproduct of the manufacture of raw sugar from sugarcane, usually contains slightly less than 55% total sugars, slightly more than 1% protein, and from 80 to 86 %total solids. Blackstrap molasses has been gaining major popularity in the industrial fermentation as it produces raw alcohol. Growing production of the cane sugar is expected to promote the growth of the product market during the forecast period. For instance, according to the Food and Agriculture Organization of the United States, the global sugar production was estimated to reach 179.3 million tons in 2018/19 (October/September).

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Blackstrap molasses has been majorly used for ethanol fermentation to produce raw alcohol and it is accounted for 38% of the blackstrap molasses market, but as it is considerable source of vitamins and minerals, and cost-effective, its increasingly being used for animal feed, which is expected to boost the demand for blackstrap molasses.

Blackstrap molasses form cane is composed of roughly 55% sucrose and other sugars, 20% water, 15% organic non-sugars, and 10% ash. Blackstrap molasses finds enormous applications in the various industries such as Animal feed, cosmetic, food and beverages, fertilizer and skin care. For instance, there is opportunity for much expansion of the use of inedible molasses as livestock feed in periods of ample supply. Use of molasses as feed has expanded sharply in recent years while its use for making industrial alcohol has declined.

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The players operating in the global blackstrap molasses market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market.

The key players profiled in this report include Allied Old English, Inc., Crosby's Molasses and More, B&G Foods, Inc., Meridian Foods Limited, Zook Molasses Company, ED&F Man Liquid Products UK Ltd., Malt Products Corporation, Pestell Minerals & Ingredients Inc., Domino Specialty Ingredients, and Buffalo Molasses.

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Key Benefits For Stakeholders

The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis and the market size and segmentation assist to determine the prevailing blackstrap molasses market opportunities.
The major countries in each region are mapped according to their revenue contribution to the market.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the blackstrap molasses industry.

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