Press release
Blackstrap Molasses Market Size, Growth, Analysis, Report and Forecast 2024-2032
Blackstrap molasses, a byproduct of sugar cane's refining process, is known for its rich, robust flavour and nutritional value. It is denser than regular molasses, with a higher concentration of vitamins and minerals such as iron, calcium, magnesium, and potassium. This makes it a popular ingredient in health food products and a natural alternative sweetener.
The increasing consumer inclination towards healthier, natural sweeteners over refined sugar is a significant factor driving the blackstrap molasses market growth. As awareness about the adverse effects of processed sugar grows, more consumers are turning towards natural sweeteners like blackstrap molasses, which offer the dual benefits of flavour and nutrition.
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Another driving force behind the market's growth is the rising trend of clean eating and organic foods. Blackstrap molasses is often perceived as a 'superfood' due to its nutrient density and health benefits, including its role in improving bone health, combating stress, and aiding in iron deficiency. As per the blackstrap molasses market analysis, this perception aligns well with the growing consumer demand for food products that are not only natural but also offer health benefits.
The versatility of blackstrap molasses in various culinary applications also contributes to its market growth. It is used in baking, as a sweetener in beverages, and as a flavour enhancer in sauces and marinades. Its unique taste and nutritional profile make it a preferred ingredient in health-conscious food preparations.
In addition, the food and beverage industry's innovation and experimentation with natural ingredients have led to the development of new products incorporating blackstrap molasses, further propelling the blackstrap molasses market demand. This includes its use in health drinks, energy bars, and vegan-friendly products, expanding its consumer base.
Geographically, North America and Europe are significant markets for blackstrap molasses, driven by high consumer awareness and the presence of a mature health food market. However, Asia-Pacific is gaining a significant share of the blackstrap molasses market size, attributed to the increasing adoption of Western dietary habits and a growing focus on health and wellness among the population.
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Blackstrap Molasses 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 EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global blackstrap molasses market. Some of the major players explored in the report by Expert Market Research 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
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Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Surge in molasses demand from the bakery industry due to its lower cost in comparison to sugar and changing food habits and lifestyle preferences fuel the growth of the global blackstrap molasses market. Asia-Pacific accounted for the highest share in terms of revenue in 2019, and is projected to maintain its highest contribution by 2027. The production activities have been hindered due to lockdown in many countries.
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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…
