Bharat Book Bureau Provides the Trending Market Research Report on “Global Blackstrap Molasses Market Report and Forecast 2022-2027”under Food & Beverage Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
According to Our company’s latest report, ‘Global Blackstrap Molasses Market Report and Forecast 2022-2027’, the global blackstrap molasses market attained a value of USD 10,796.3 million in 2021. Aided by the thriving food and beverage industry in the emerging economies, the market is projected to further grow at a CAGR of 2.9% between 2022 and 2027 to reach a value of around USD 12,629.2 million by 2027.
Blackstrap molasses can be defined as a thick, brown nutritional by-product, which is obtained from the maximised extraction of sugar from a raw material. This by-product is separated by the process of centrifugation and is boiled twice to make it thicker, darker, and bitter. In addition to this, blackstrap molasses is rich in antioxidants, magnesium, phosphorus, and calcium, among others. One tablespoon of blackstrap molasses carries 60 calories, 14-gram carbs, 10-gram sugar, and no fat. Blackstrap molasses are often utilised as a constituent of animal feed and as a source of ethyl alcohol. Furthermore, the product is edible, and is used for candy-making, and rum production.
The rising demand for blackstrap molasses in the food and beverage and pharmaceutical industry owing to the various health benefits offered by the product is driving the market growth. These health benefits include reduced risk of anaemia, treatment of constipation among children, promotion of bone health, and augmentation of hair health. The changing preference of consumers from refined sugar to blackstrap molasses owing to the high nutritional value is anticipated to be an invigorating factor in the market in the forecast period.
Furthermore, blackstrap molasses are less expensive than normal sugar. Hence, the increasing efforts by the working-class population to achieve cost-savings on groceries is anticipated to provide impetus to the market in the forecast period. In terms of region, the Asia Pacific region accounts for a significant share in the market owing to the presence of large consumer base in India and China, rising disposable income, and rapid urbanisation. In addition, the increasing expansion of the online retail channels in the region is anticipated to propel the sales of the product in the forecast period.
Market Segmentation
The market report by Our company analyses the market based on segmentations such as form, application, distribution channel, and major region.
Market Breakup by Form
•Liquid
•Powder
Market Segmentation by Application
•Industrial Fermentation
•Food and Beverages
•Pharmaceutical
•Animal Feedx
Others
Market Division by Distribution Channel
•Offline
•Online
Market Breakup by Region
•North America
•Europe
•Asia Pacific
•Latin America
•Middle East and Africa
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