Global Blackstrap Molasses Market Insights and Forecast to 2028

Molasses is a viscous product resulting from refining sugarcane or sugar beets into sugar. Molasses varies by amount of sugar, method of extraction, and age of plant. Sugarcane molasses is primarily used for sweetening and flavoring foods in the United States, Canada, and elsewhere, while sugar beet molasses is foul-smelling and unpalatable, so it is mostly used as an animal feed additive in Europe and Russia, where it is chiefly produced. Molasses is a defining component of fine commercial brown sugar.
Market Analysis and Insights: Global Blackstrap Molasses Market
Due to the COVID-19 pandemic, the global Blackstrap Molasses market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Organic Molasses accounting for % of the Blackstrap Molasses global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Household segment is altered to an % CAGR throughout this forecast period.
China Blackstrap Molasses market size is valued at US$ million in 2021, while the US and Europe Blackstrap Molasses are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Blackstrap Molasses landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Blackstrap Molasses include Zook Molasses, International Molasses, Meridian Foods, Premier Molasses, Quality Liquid Feeds, ED&F Man, Malt Products and Buffalo Molasses, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
Global Blackstrap Molasses Scope and Segment
Blackstrap Molasses market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Blackstrap Molasses market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Organic Molasses
Conventional Molasses
Segment by Application
Household
Food & Beverages
Others
By Company
Zook Molasses
International Molasses
Meridian Foods
Premier Molasses
Quality Liquid Feeds
ED&F Man
Malt Products
Buffalo Molasses
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE