Blackstrap Molasses Market is Likely to Upsurge USD 18,185.8 million Globally by 2027, Size, Share, Demand, Growth and Opportunity Analysis

Key players operating in the blackstrap molasses industry have adopted product launch and business expansion as their key 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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The global blackstrap molasses market size is expected to reach $18,185.8 million by 2027 at a CAGR of 5.7% from 2021 to 2027.

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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Despite the enormous benefits of blackstrap molasses, it is found that consumption of blackstrap molasses causes some kind of allergic reaction. It believes to be good alternative to refined sugar and artificial sweeteners for diabetic people, but some people have observed raised blood sugar level after taking it. It has low glycemic index, which makes it safe, but within limited amounts. It is recommended to diabetic patients that, they should not consume it in excess amounts and avoid using it more than one teaspoon per day.

According the blackstrap molasses market analysis, the blackstrap molasses market is segmented into form, application and distribution channel and region. By form, it is categorized into liquid and powder. Depending on application, it is fragmented into industrial fermentation, food & beverages, pharmaceutical, animal feed, other. On the basis of distribution channel, it is differentiated into offline and online. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, Italy, Spain, Finland and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, Pakistan, Indonesia, Thailand and Rest of Asia-Pacific) and LAMEA (Brazil, Argentina, Colombia, Egypt, South Africa and Rest of LAMEA).

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Exploration of the blackstrap molasses in the cosmetic industries has given rise for the growth of the blackstrap molasses market during the forecast period. Viscous nature and vital sources for the minerals, blackstrap molasses is used for the cosmetic and skin care products. Growing trend of use of plant-based organic fertilizers has boosted the demand for blackstrap molasses. It is a considerable source of calcium, which makes it useful for soil fertility. Decaying soil fertility, low productivity of farm are major attributes to use plants based organic fertilizers, which likely to boost the blackstrap molasses market demand through fertilizer application segment.

Key findings of the study

The blackstrap molasses market was valued at $12,889.9 million in 2019, and is estimated to reach $ 18,185.8 million by 2027, growing at a CAGR of 5.7% during the forecast period.
By form, the powder segment is estimated to witness the fastest growth, registering a CAGR of 6.6% during the forecast period.
In 2019, depending on distribution channel, the offline segment was valued at $ 8,199.0 million, accounting for 63.6% of the global blackstrap molasses market share.
In 2019, the Brazil was the most prominent market in LAMEA, and is projected to reach $ 3,036.6 million by 2027, growing at a CAGR of 3.3% during the forecast period.

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