Blackstrap Molasses Market Report and Forecast 2025-2034

The global blackstrap molasses market reached a value of approximately USD 11.25 Billion in 2024. The market is projected to grow at a CAGR of 2.80% between 2025 and 2034, reaching a value of around USD 14.83 Billion by 2034.

Blackstrap Molasses Market Growth Rate

The blackstrap molasses market advances with ongoing improvements in production technology, refining extraction, and processing methods to ensure superior quality and consistency in the product.

Pharmaceutical formulations like syrups, suspensions, and oral solutions can utilize blackstrap molasses as an excipient or formulation aid. Its viscosity, flavour, and nutritional benefits enhance palatability and nutritional value, improving patient compliance and acceptability.

By 2024, the pharmaceutical industry in India is forecasted to reach USD 65 billion, with expectations to double to USD 130 billion by 2030.

Key Trends and Developments

Nutritional benefits, e-commerce growth, packaging innovation, and sustainable sourcing are the major trends impacting global blackstrap molasses market growth.

April 2024

Allied Pinnacle selected Molasses to launch Wise Wheat in Australia, a high-fiber wheat variety. Molasses was tasked with brand strategy, positioning, and creative development, including naming, identity creation, and campaign execution.

January 2024

State-run OMCs issued a tender for ethanol procurement, excluding sugarcane juice and B-heavy molasses. BPCL floated a tender for about 267 crore litres of denatured anhydrous ethanol for the 2023-24 ethanol supply year.

April 2023

Belize Sugar Industries (BSI) has increased the price of a long ton of domestic blackstrap molasses by $60, raising it from $295 per ton to $355 per ton.

June2021

The study sought to produce and analyse chitosan-coated manganese ferrite nanoparticles via a one-step coprecipitation method. Furthermore, it examined ethanol production from blackstrap molasses using free S. cerevisiae and yeast immobilised on these nanoparticles.

Nutritional Benefits

Blackstrap molasses is rich in essential minerals like iron, calcium, magnesium, and potassium. Its high antioxidant content also contributes to its popularity among health-conscious consumers.

E-commerce Growth

The growth of e-commerce platforms has increased the accessibility of blackstrap molasses to a wider consumer audience, thereby driving market expansion.

Packaging Innovation

Innovations in packaging, including the introduction of squeezable bottles and single-serve packs, are making blackstrap molasses significantly more convenient and user-friendly for consumers.

Sustainable Sourcing

Increasing emphasis on sustainable and ethical sourcing practices is becoming a key selling point, significantly attracting environmentally conscious consumers who prioritize eco-friendly and socially responsible products.

Blackstrap Molasses Market Trends

The demand for blackstrap molasses is increasing due to its rising use in agriculture as a soil conditioner and fertilizer further enhancing soil health and crop yields sustainably. Blackstrap molasses is used in vegan recipes as a source of essential nutrients, catering to the rising vegan population.

Moreover, there is an increasing demand for organic blackstrap molasses, driven by consumers' preference for organic and non-GMO products. Advancements in production technology are improving extraction and processing methods, resulting in improved quality and consistency of blackstrap molasses.

Blackstrap Molasses Industry Segmentation

“Global Blackstrap Molasses Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Form:

• Liquid
• Powder

Market Breakup by Application:

• Industrial Fermentation
• Food and Beverages
• Pharmaceutical
• Animal Feed
• Others

Market Breakup by Distribution Channel:

• Offline
• Online

Market Breakup by Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Blackstrap Molasses Market Share

Liquid form enhances the blackstrap molasses market by offering the convenience of use for both home cooks and commercial food manufacturers.

Liquid form is versatile and can be used in a variety of culinary applications, including baking, cooking, beverages, and as a sweetener in health foods. In the food and beverage industry, the liquid form of blackstrap molasses is favoured for its consistency and ease of incorporation into recipes and products.

The powder form of blackstrap molasses is used in the nutraceutical industry to produce health supplements, energy bars, and fortified foods.

Industrial fermentation contributes to the blackstrap molasses market growth by enhancing the nutritional profile of molasses, making it a valuable component in animal feed formulations.

Industrial fermentation processes enable the valorisation of waste streams, including molasses, into value-added products. By fermenting molasses-derived sugars, bioproducts such as organic acids, and microbial biomass can be produced, enhancing resource efficiency in industrial operations.

Pharmaceutical companies utilise blackstrap molasses in the development of iron supplements and formulations designed to treat or prevent iron deficiency-related conditions. The demand for iron-enriched pharmaceutical products drives the consumption of blackstrap molasses as a raw material.

Leading Manufacturers in the Blackstrap Molasses Market

The companies are the manufacturers of drinks, meal solutions, baking, snacks and crackers, molasses, rice flour and others.

Allied Old English, Inc.

Allied Old English, Inc.: Founded in 1951 and is headquartered in Port Reading, NJ. The company is a food manufacturing business which manufactures drinks, drink mixes, and other liquid products.

Crosby Molasses Co. Ltd.

Crosby Molasses Co. Ltd.: Established in 1879 and based in Saint John, New Brunswick, Crosby Foods Limited is a trusted Canadian food company known for its stringent quality standards in products and personnel.

B&G Foods, Inc.

B&G Foods, Inc.: Founded in 1889 and based in Parsippany, New Jersey. The company offers brands in categories including baking, households, meal solutions, snacks and crackers, spreads and syrups, and others.

Mahajan Molasses Company Source

Mahajan Molasses Company Source: Established in 1998 and based in Punjab, India. The company offers various products including molasses, rice flour, white sugar, and Indian rice.

Other global blackstrap molasses market key players are Domino Comercio, SA de CV and Good Food, Inc. among others.

Blackstrap Molasses Market Analysis by Region

India's animal feed market is expected to hit approximately $19.23 billion, with a compound annual growth rate of 8.2%. This shows the rise in the demand for the blackstrap molasses market in the nation.

As per the DAERA, in February 2024, the combined deliveries of compound and processed animal feedstuff by feed manufacturers in Northern Ireland reached 239.1 thousand tonnes, reflecting a 7.0% rise from February 2023, reflecting the growth in the blackstrap molasses market in the country.