Blackstrap Molasses Market 2022: Overview, Analysis, Trends, Demand and Forecast 2027

According to the latest report by IMARC Group, titled "Blackstrap Molasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global blackstrap molasses market reached a value of US$ 11.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027.

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

Download free sample of the report: https://www.imarcgroup.com/blackstrap-molasses-market/requestsample

Blackstrap Molasses Market Industry Definition and Application:

Blackstrap molasses is a viscous, dark liquid with a flavor that is a little bit sweet and bitter. It is generally obtained upon boiling sugarcane or sugar beets syrup multiple times. It is widely consumed as a preferred alternative to refined sugar since it constitutes a lower glycemic index than conventional sweeteners. Along with this, it is also rich in various essential nutrients, including magnesium, iron, calcium, and potassium.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Blackstrap Molasses Market Trends and Drivers:

The food and beverage industry has seen substantial growth, which is what largely drives the global market. Along with this, the shifting dietary patterns of the masses and the rising health-consciousness among individuals are providing a boost to the market growth across the globe. Moreover, the increasing prevalence of chronic illnesses, such as obesity and diabetes, has encouraged the masses to substitute refined sugars with blackstrap molasses, thereby creating a positive outlook for the market. Some of the other factors contributing to the market growth include inflating disposable income levels of individuals and extensive research and development (R&D) activities conducted by key players to introduce improved product variants in the market.

Browse full report with TOC: https://www.imarcgroup.com/blackstrap-molasses-market

Blackstrap Molasses Market 2022-2027 Analysis and Segmentation:

The report has segmented the market on the basis on region, form, product, distribution channel, 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

Who are the Major Blackstrap Molasses Key players?

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.

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