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Report Overview
The global blackstrap molasses market reached a value of approximately USD 11.25 Billion in 2024. The market is projected to grow at a CAGR of 2.80% between 2025 and 2034, reaching a value of around USD 14.83 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
-
According to APEDA, India exported 796,462.12 metric tons of prepared animal feeder products worth USD 445.60 million in 2022-23.
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According to DBT, the UK's food and drink industry, valued at £104.4 billion, is the largest manufacturing sector by turnover.
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Growing pharmaceutical sector is likely to further aid in the demand of blackstrap molasses.
Compound Annual Growth Rate
Value in USD Billion
2.8%
2025-2034
Blackstrap Molasses Market Outlook
*this image is indicative*
Blackstrap Molasses Market Growth Rate
The blackstrap molasses market advances with ongoing improvements in production technology, refining extraction, and processing methods to ensure superior quality and consistency in the product.
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Pharmaceutical formulations like syrups, suspensions, and oral solutions can utilize blackstrap molasses as an excipient or formulation aid. Its viscosity, flavour, and nutritional benefits enhance palatability and nutritional value, improving patient compliance and acceptability.
By 2024, the pharmaceutical industry in India is forecasted to reach USD 65 billion, with expectations to double to USD 130 billion by 2030.
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Key Trends and Developments
Nutritional benefits, e-commerce growth, packaging innovation, and sustainable sourcing are the major trends impacting global blackstrap molasses market growth.
Nutritional Benefits
Blackstrap molasses is rich in essential minerals like iron, calcium, magnesium, and potassium. Its high antioxidant content also contributes to its popularity among health-conscious consumers.
E-commerce Growth
The growth of e-commerce platforms has increased the accessibility of blackstrap molasses to a wider consumer audience, thereby driving market expansion.
Packaging Innovation
Innovations in packaging, including the introduction of squeezable bottles and single-serve packs, are making blackstrap molasses significantly more convenient and user-friendly for consumers.
Sustainable Sourcing
Increasing emphasis on sustainable and ethical sourcing practices is becoming a key selling point, significantly attracting environmentally conscious consumers who prioritize eco-friendly and socially responsible products.
Blackstrap Molasses Market Trends
The demand for blackstrap molasses is increasing due to its rising use in agriculture as a soil conditioner and fertilizer further enhancing soil health and crop yields sustainably. Blackstrap molasses is used in vegan recipes as a source of essential nutrients, catering to the rising vegan population.
Moreover, there is an increasing demand for organic blackstrap molasses, driven by consumers' preference for organic and non-GMO products. Advancements in production technology are improving extraction and processing methods, resulting in improved quality and consistency of blackstrap molasses.
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Blackstrap Molasses Industry Segmentation
“Global Blackstrap Molasses Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
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
Blackstrap Molasses Market Share
Liquid form enhances the blackstrap molasses market by offering the convenience of use for both home cooks and commercial food manufacturers.
Liquid form is versatile and can be used in a variety of culinary applications, including baking, cooking, beverages, and as a sweetener in health foods. In the food and beverage industry, the liquid form of blackstrap molasses is favoured for its consistency and ease of incorporation into recipes and products.
The powder form of blackstrap molasses is used in the nutraceutical industry to produce health supplements, energy bars, and fortified foods.
Industrial fermentation contributes to the blackstrap molasses market growth by enhancing the nutritional profile of molasses, making it a valuable component in animal feed formulations.
Industrial fermentation processes enable the valorisation of waste streams, including molasses, into value-added products. By fermenting molasses-derived sugars, bioproducts such as organic acids, and microbial biomass can be produced, enhancing resource efficiency in industrial operations.
Pharmaceutical companies utilise blackstrap molasses in the development of iron supplements and formulations designed to treat or prevent iron deficiency-related conditions. The demand for iron-enriched pharmaceutical products drives the consumption of blackstrap molasses as a raw material.
Leading Manufacturers in the Blackstrap Molasses Market
The companies are the manufacturers of drinks, meal solutions, baking, snacks and crackers, molasses, rice flour and others.
Allied Old English, Inc.
Allied Old English, Inc.: Founded in 1951 and is headquartered in Port Reading, NJ. The company is a food manufacturing business which manufactures drinks, drink mixes, and other liquid products.
Crosby Molasses Co. Ltd.
Crosby Molasses Co. Ltd.: Established in 1879 and based in Saint John, New Brunswick, Crosby...
B&G Foods, Inc.
B&G Foods, Inc.: Founded in 1889 and based in Parsippany, New Jersey. The company offers...
Mahajan Molasses Company Source
Mahajan Molasses Company Source: Established in 1998 and based in Punjab, India. The company...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other global blackstrap molasses market key players are Domino Comercio, SA de CV and Good Food, Inc. among others.
Blackstrap Molasses Market Analysis by Region
India's animal feed market is expected to hit approximately $19.23 billion, with a compound annual growth rate of 8.2%. This shows the rise in the demand for the blackstrap molasses market in the nation.
As per the DAERA, in February 2024, the combined deliveries of compound and processed animal feedstuff by feed manufacturers in Northern Ireland reached 239.1 thousand tonnes, reflecting a 7.0% rise from February 2023, reflecting the growth in the blackstrap molasses market in the country.
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Blackstrap Molasses Market Report Snapshots
Blackstrap Molasses Market Size
Blackstrap Molasses Market Growth
Blackstrap Molasses Market Trends
Blackstrap Molasses Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 11.25 Billion in 2024.
The market is projected to grow at a CAGR of 2.80% between 2025 and 2034.
The revenue generated from the blackstrap molasses market is expected to reach USD 14.83 Billion in 2034.
The major market drivers include changing consumer preferences, lifestyle shifts, increasing bakery demands, and improving sugar cane production.
The growing usage of blackstrap molasses in food and drinks and the increasing consumer awareness of its advantages are expected to be the key trends guiding the growth of the market.
The market is categorised according to the form, which includes liquid and powder.
Based on the application, the market is divided into industrial fermentation, food and beverages, pharmaceuticals, animal feed, and others.
Based on the distribution channel, the market is divided into online and offline.
The market key players are Allied Old English, Inc., Crosby Molasses Co. Ltd., B&G Foods, Inc., Mahajan Molasses Company, Domino Comercio, SA de CV and Good Food, Inc., among others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Form |
|
| Breakup by Application |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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