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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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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+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