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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.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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 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.
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