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Blackstrap Molasses Market Report by Form (Liquid, Powder), Product (Organic, Conventional), Distribution Channel (Offline, Online), Application (Industrial Fermentation, Food and Beverages, Pharmaceutical, Animal Feed, and Others), and Region 2024-2032

Publisher IMARC Services Pvt. Ltd.
Published Sep 10, 2024
Length 139 Pages
SKU # IMRC19192607

Description

Blackstrap Molasses Market Report by Form (Liquid, Powder), Product (Organic, Conventional), Distribution Channel (Offline, Online), Application (Industrial Fermentation, Food and Beverages, Pharmaceutical, Animal Feed, and Others), and Region 2024-2032


The global blackstrap molasses market size reached US$ 13.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.

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 2024-2032. 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 2024-2032?

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?

Table of Contents

139 Pages
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
10.2 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
10.3 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
10.4 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
10.5 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

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