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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Blackstrap Molasses Market Report Snapshots
Blackstrap Molasses Market Size
Blackstrap Molasses Market Growth
Blackstrap Molasses Market Trends
Blackstrap Molasses Market Share
Blackstrap Molasses Manufacturers
Blackstrap Molasses Market Regional Analysis
*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 2023.
The market is projected to grow at a CAGR of 2.8% between 2024 and 2032.
The revenue generated from the blackstrap molasses market is expected to reach USD 14.45 billion in 2032.
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.
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United States (Head Office)
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124