Blackstrap Molasses Market to Reflect Impressive Growth of $18,185.8 Million Rate During 2021-2027

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Blackstrap molasses has been majorly used for ethanol fermentation to produce raw alcohol and it is accounted for 38% of the blackstrap molasses market, but as it is considerable source of vitamins and minerals, and cost-effective, its increasingly being used for animal feed, which is expected to boost the demand for blackstrap molasses.

The global blackstrap molasses market size is expected to reach $18,185.8 million by 2027 at a CAGR of 5.7% from 2021 to 2027.

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Blackstrap molasses form cane is composed of roughly 55% sucrose and other sugars, 20% water, 15% organic non-sugars, and 10% ash.  Blackstrap molasses finds enormous applications in the various industries such as Animal feed, cosmetic, food and beverages, fertilizer and skin care. For instance, there is opportunity for much expansion of the use of inedible molasses as livestock feed in periods of ample supply. Use of molasses as feed has expanded sharply in recent years while its use for making industrial alcohol has declined.

Despite the enormous benefits of blackstrap molasses, it is found that consumption of blackstrap molasses causes some kind of allergic reaction.  It believes to be good alternative to refined sugar and artificial sweeteners for diabetic people, but some people have observed raised blood sugar level after taking it. It has low glycemic index, which makes it safe, but within limited amounts. It is recommended to diabetic patients that, they should not consume it in excess amounts and avoid using it more than one teaspoon per day.

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The players operating in the blackstrap molasses industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Allied Old English, Inc., Crosby’s Molasses and More, B&G Foods, Inc., Meridian Foods Limited, Zook Molasses Company, ED&F Man Liquid Products UK Ltd., Malt Products Corporation, Pestell Minerals & Ingredients Inc., Domino Specialty Ingredients, and Buffalo Molasses.

Key findings of the study  

  • The blackstrap molasses market was valued at $12,889.9 million in 2019, and is estimated to reach $ 18,185.8 million by 2027, growing at a CAGR of 5.7% during the forecast period.
  • By form, the powder segment is estimated to witness the fastest growth, registering a CAGR of 6.6% during the forecast period.
  • In 2019, depending on distribution channel, the offline segment was valued at $ 8,199.0 million, accounting for 63.6% of the global blackstrap molasses market share.
  • In 2019, the Brazil was the most prominent market in LAMEA, and is projected to reach $ 3,036.6 million by 2027, growing at a CAGR of 3.3% during the forecast period.

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Jessica Hamelburg
Jessica Hamelburg is a content marketing coordinator and social media manager for a global industrial asset management company. Jessica holds a Bachelor's Degree in Communications and Public Relations from Suffolk University and offers many years of experience in various forms of writing. Some of her favorite hobbies include exploring new music, creative writing and spending time with her dogs.

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