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PUBLISHER: IMARC | PRODUCT CODE: 1390706
PUBLISHER: IMARC | PRODUCT CODE: 1390706
Blackstrap Molasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
The global blackstrap molasses market size reached US$ 12.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.36% during 2022-2028.
Blackstrap molasses is a sweetener obtained from the processing of raw sugar beets, sugarcane, pomegranate, dates, carob, and sorghum. It is low in calories and contains a high amount of calcium, potassium, selenium, magnesium, and niacin as compared to regular molasses. It aids in preventing blood clotting, relieving menstrual cramps, maintaining the health of uterine muscles, and relieving premenstrual syndrome (PMS) symptoms. It also assists in combatting stress and anxiety, controlling mood, and preventing pain, depression, and fatigue. Presently, it is employed in the food and beverage (F&B) industry to provide moisture and tenderness to baked goods and increase their shelf life.
Blackstrap Molasses Market Trends:
A surge in the consumption of ready-to-eat (RTE) products due to hectic lifestyles, inflating disposable incomes, and the increasing health consciousness among individuals represents one of the primary factors impelling the market growth. Blackstrap molasses is utilized as a spread or topping on toast, oatmeal, and porridges. It also finds application in the preparation of marinades, barbeque sauces, and glazes, and intensifies richness, lowers the acidic taste, and enhances the nutrition value of the coffee. Moreover, it has a low glycemic index and contains a high level of chromium, which increases glucose tolerance and naturally slows the metabolism of carbohydrates, thereby resulting in less insulin production. This, in confluence with the growing prevalence of diabetes, is catalyzing the demand for blackstrap molasses worldwide to stabilize blood sugar levels. Furthermore, it helps reduce free radicals in the body, which are considered one of the primary causes of cancer. As the risk of developing cancer rises with age, the rising geriatric population and the increasing awareness among individuals about the benefits of consuming blackstrap molasses are creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global blackstrap molasses market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on form, product, distribution channel and 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report
- 1. How big is the global blackstrap molasses market?
- 2. What is the expected growth rate of the global blackstrap molasses market during 2023-2028?
- 3. What are the key factors driving the global blackstrap molasses market?
- 4. What has been the impact of COVID-19 on the global blackstrap molasses market?
- 5. What is the breakup of the global blackstrap molasses market based on the form?
- 6. What is the breakup of the global blackstrap molasses market based on the product?
- 7. What is the breakup of the global blackstrap molasses market based on the distribution channel?
- 8. What is the breakup of the global blackstrap molasses market based on the application?
- 9. What are the key regions in the global blackstrap molasses market?
- 10. Who are the key players/companies in the global blackstrap molasses market?
Product Code: SR112023A4519
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Blackstrap Molasses Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Form
- 6.1 Liquid
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Powder
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Product
- 7.1 Organic
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Conventional
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Offline
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Online
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Application
- 9.1 Industrial Fermentation
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Food and Beverages
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Pharmaceutical
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Animal Feed
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Allied Old English Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 B&G Foods Inc.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Buffalo Molasses LLC
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Crosby Molasses Co Ltd.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Domino Speciality Ingredients (American Sugar Refining Inc.)
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 E D & F Man Holdings Limited
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Louis Dreyfus Company B.V. (Louis Dreyfus Holding B.V.)
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Malt Products Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Sweet Harvest Foods (Natural American Foods Inc)
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Zook Molasses Company
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.1 Allied Old English Inc.
Product Code: SR112023A4519
List of Figures
- Figure 1: Global: Blackstrap Molasses Market: Major Drivers and Challenges
- Figure 2: Global: Blackstrap Molasses Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Blackstrap Molasses Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Blackstrap Molasses Market: Breakup by Form (in %), 2022
- Figure 5: Global: Blackstrap Molasses Market: Breakup by Product (in %), 2022
- Figure 6: Global: Blackstrap Molasses Market: Breakup by Distribution Channel (in %), 2022
- Figure 7: Global: Blackstrap Molasses Market: Breakup by Application (in %), 2022
- Figure 8: Global: Blackstrap Molasses Market: Breakup by Region (in %), 2022
- Figure 9: Global: Blackstrap Molasses (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Blackstrap Molasses (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Blackstrap Molasses (Powder) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Blackstrap Molasses (Powder) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Blackstrap Molasses (Organic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Blackstrap Molasses (Organic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Blackstrap Molasses (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Blackstrap Molasses (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Blackstrap Molasses (Offline) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Blackstrap Molasses (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Blackstrap Molasses (Online) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Blackstrap Molasses (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Blackstrap Molasses (Industrial Fermentation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Blackstrap Molasses (Industrial Fermentation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Blackstrap Molasses (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Blackstrap Molasses (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Blackstrap Molasses (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Blackstrap Molasses (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Blackstrap Molasses (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Blackstrap Molasses (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Blackstrap Molasses (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Blackstrap Molasses (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: North America: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: North America: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: United States: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: United States: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Canada: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Canada: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Asia-Pacific: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Asia-Pacific: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: China: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: China: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Japan: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Japan: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: India: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: India: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: South Korea: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: South Korea: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Australia: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Australia: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Indonesia: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Indonesia: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Europe: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Europe: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Germany: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Germany: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: France: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: France: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: United Kingdom: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: United Kingdom: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Italy: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Italy: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Spain: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Spain: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Russia: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Russia: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Latin America: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Latin America: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Brazil: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Brazil: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Mexico: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Mexico: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Middle East and Africa: Blackstrap Molasses Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Middle East and Africa: Blackstrap Molasses Market: Breakup by Country (in %), 2022
- Figure 79: Middle East and Africa: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Global: Blackstrap Molasses Industry: SWOT Analysis
- Figure 81: Global: Blackstrap Molasses Industry: Value Chain Analysis
- Figure 82: Global: Blackstrap Molasses Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Blackstrap Molasses Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Blackstrap Molasses Market Forecast: Breakup by Form (in Million US$), 2023-2028
- Table 3: Global: Blackstrap Molasses Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 4: Global: Blackstrap Molasses Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 5: Global: Blackstrap Molasses Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Blackstrap Molasses Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Blackstrap Molasses Market: Competitive Structure
- Table 8: Global: Blackstrap Molasses Market: Key Players
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