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Blackstrap Molasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

June 2022 | 145 pages | ID: B30FA7005434EN
IMARC Group

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The global blackstrap molasses market reached a value of US$ 11.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2027, exhibiting at a CAGR of 5.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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:
How has the global blackstrap molasses market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global blackstrap molasses market?
What are the key regional markets?
What is the breakup of the market based on the form?
What is the breakup of the market based on the product?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global blackstrap molasses market and who are the key players?
What is the degree of competition in the industry?
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

LIST OF TABLES

Table 1: Global: Blackstrap Molasses Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Blackstrap Molasses Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 3: Global: Blackstrap Molasses Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 4: Global: Blackstrap Molasses Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Blackstrap Molasses Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Blackstrap Molasses Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Blackstrap Molasses Market: Competitive Structure
Table 8: Global: Blackstrap Molasses Market: Key Players

LIST OF FIGURES

Figure 1: Global: Blackstrap Molasses Market: Major Drivers and Challenges
Figure 2: Global: Blackstrap Molasses Market: Sales Value (in Billion US$), 2016- 2021
Figure 3: Global: Blackstrap Molasses Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Blackstrap Molasses Market: Breakup by Form (in %), 2021
Figure 5: Global: Blackstrap Molasses Market: Breakup by Product (in %), 2021
Figure 6: Global: Blackstrap Molasses Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Blackstrap Molasses Market: Breakup by Application (in %), 2021
Figure 8: Global: Blackstrap Molasses Market: Breakup by Region (in %), 2021
Figure 9: Global: Blackstrap Molasses (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Blackstrap Molasses (Liquid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Blackstrap Molasses (Powder) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Blackstrap Molasses (Powder) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Blackstrap Molasses (Organic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Blackstrap Molasses (Organic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Blackstrap Molasses (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Blackstrap Molasses (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Blackstrap Molasses (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Blackstrap Molasses (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Blackstrap Molasses (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Blackstrap Molasses (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Blackstrap Molasses (Industrial Fermentation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Blackstrap Molasses (Industrial Fermentation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Blackstrap Molasses (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Blackstrap Molasses (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Blackstrap Molasses (Pharmaceutical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Blackstrap Molasses (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Blackstrap Molasses (Animal Feed) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Blackstrap Molasses (Animal Feed) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Blackstrap Molasses (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Blackstrap Molasses (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Blackstrap Molasses Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Blackstrap Molasses Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Blackstrap Molasses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Blackstrap Molasses Industry: SWOT Analysis
Figure 81: Global: Blackstrap Molasses Industry: Value Chain Analysis
Figure 82: Global: Blackstrap Molasses Industry: Porter's Five Forces Analysis


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