According to the latest report from the IMARC group, entitled “Blackstrap Molasses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,“The global blackstrap molasses market reached a value of US$11.9 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$16.3 billion by 2027, with a CAGR of 5.6% in 2022-2027.
Blackstrap molasses is a dark liquid with a slightly bitter, sweet taste and a thick consistency. It is usually obtained by boiling sugar cane or sugar beet syrup several times. It is widely consumed as a preferred alternative to refined sugar as it has a lower glycemic index than conventional sweeteners. Along with these, it is also rich in various essential nutrients including magnesium, iron, calcium and potassium.
like the novel coronavirus (COVID-19) The crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic. .
Blackstrap Molasses Market Tendencies:
The global market is mainly driven by the significant growth in the food and beverage sector. Along with this, the changing eating habits of the masses and the growing health consciousness of individuals are driving the growth of the market across the globe. Additionally, the rising prevalence of chronic diseases, such as obesity and diabetes, has encouraged the masses to replace refined sugars with greenstrap molasses, thereby creating a positive outlook for the market. Some of the other factors contributing to the growth of the market include swelling disposable income levels of individuals and extensive research and development (R&D) activities carried out by key players to introduce improved product variants in the market.
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Blackstrap Molasses Market Analysis and segmentation 2022-2027:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Allied Old English Inc., B&G Foods Inc., Buffalo Molasses LLC, Crosby Molasses Co Ltd., Domino Specialty Ingredients (American Sugar Refining Inc.), ED & F Man Holdings Limited, Louis Dreyfus Company BV (Louis Dreyfus Holding BV), Malt Products Corporation, Sweet Harvest Foods (Natural American Foods Inc) and Zook Molasses Company.
The report has segmented the market based on region, form, product, distribution channel, and application.
Breakdown by form:
Breakdown by product:
Breakdown by distribution channel:
Breakdown by application:
- Industrial fermentation
- Food and drinks
- animal feed
Breakdown 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
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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