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Blackstrap Molasses Market

Market Insights on Blackstrap Molasses covering sales outlook, demand forecast & up-to-date key trends

Blackstrap Molasses Market by Nature, Distribution Channel, End – User & Region - Forecast 2022 - 2032

Blackstrap Molasses Market (2022-2032)

[250 Pages Report] The global blackstrap molasses market size was estimated to be worth around US$ 13 Billion in 2020 and is forecast to grow at a CAGR of around 5.68% between 2022 and 2032, surpassing US$ 18.2 Billion by 2027. Rising adoption of blackstrap molasses in a multitude of end use applications due to its various health benefits is a major force behind the expansion of the global blackstrap molasses market.

Report Attribute

Details

Blackstrap Molasses Market Projected Growth Rate (2022-2032)

5.68% CAGR

Blackstrap molasses is a nutritious by-product of sugarcane production. It is the most concentrated form of sugar syrup (molasses) obtained by boiling it thrice. It has gained immense traction as an ideal alternative to refined sugar and is being increasingly used to sweeten and flavor foods.

What really makes blackstrap molasses an ideal food sweetener is its various health benefits. Blackstrap molasses is rich in antioxidants, iron, calcium and several other nutrients.

Increasing usage of blackstrap molasses in food and beverage processing coupled with rise in consumption of blackstrap molasses based functional foods and dietary supplements is a major factor driving the global blackstrap molasses market and the trend is likely to continue during the forecast period.

Similarly, rising population of people with various health conditions who are working to maintain healthy blood sugar levels is anticipated to create prospects within the blackstrap molasses market during the forecast period. Many people use blackstrap molasses in place of refined sugar for health benefits. Blackstrap molasses is lower on the glycemic index than other sweeteners, which means that consumption of blackstrap molasses won't spike blood sugar that much.

Various studies have found that blackstrap molasses can prevent anemia, help in digestion, relieves constipation, and can make osteoporosis less likely. Increasing consumption of blackstrap molasses as a dietary supplement to treat iron deficient anemia and several other health conditions will further boost market growth during the forthcoming years.

Blackstrap molasses can also be used as a natural food coloring agent which is likely to further create sales prospects during the assessment period. Moreover, growing popularity of blackstrap molasses in animal feed industry will favor market growth during upcoming years.

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Which are Some Prominent Drivers Spearheading Blackstrap Molasses Market Growth

The robust expansion of blackstrap molasses market is attributable to the increasing cane sugar production, growing usage of blackstrap molasses in food and beverage industry, and rising consumer awareness about the benefits of blackstrap molasses.

Blackstrap molasses has emerged as an ideal alternative to refined sugar and other artificial sweeteners on account of its inexpensive nature and numerous health benefits. It has especially gained wider popularity particularly among people suffering from healthy conditions like diabetes, obesity and anemia as it helps to stabilize blood sugar levels, enhances bone health, maintains blood pressure besides other health benefits.

Over the last few years demand for blackstrap molasses has increased at a substantial pace due to rapid adoption across food and beverages industry. It is being extensively used for manufacturing a variety of bakery products, beverages, dietary supplements, functional foods, desserts etc. Rising production and consumption of these food products and beverages due to rapidly growing population, changing lifestyle, and surging demand for ready to eat products is anticipated to create sales prospects for blackstrap molasses during the forecast period.

Similarly, rising health awareness among people coupled with growing popularity of blackstrap molasses due to its highly nutritious content is projected to boost market growth during the forthcoming years. Various food and beverage manufactures are inclined towards using blackstrap molasses in their products to woo more and more health-conscious consumers.

In addition to this, rising usage of blackstrap molasses for alcohol production is expected to provide tailwinds to market growth in the future.

What are the Challenges Faced by the Blackstrap Molasses Industry

Although blackstrap molasses has numerous end uses, there are certain obstacles that are likely to challenge market growth. One such factor is the growing health concerns regarding the excessive consumption of blackstrap.

It has been found that consumption of blackstrap in large amounts can cause various health issues particularly among patients with diabetes. Similarly, a sudden decrease in the production of cane sugar across various economies is also limiting market growth.

Nandini Roy Choudhury
Nandini Roy Choudhury
Principal Consultant
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Why is Asia-Pacific Emerging as an Opportunistic Blackstrap Molasses Market

As per FMI, the Asia Pacific blackstrap molasses market is expected to grow at a higher CAGR over the forecast period owing to the growing awareness about the health benefits of blackstrap molasses, changing lifestyle, rapidly increasing population, rising consumption of bakery products.

Countries such as China and India are among the largest producers of cane sugar across the world. Presence of a large number of cane sugar producing industries is making a conducive environment for the growth of blackstrap molasses market across these regions.

Similarly, growing health awareness among people along with increasing adoption of blackstrap molasses in a variety of food and beverage products is expected to create growth avenues with the Asia Pacific blackstrap molasses market during the forecast period.

How is North America Contributing to Growth of the Blackstrap Molasses Market

According to Future Market Insights, North America remains a prominent market for blackstrap molasses and is expected to grow at a significant pace during the forecast period, owing to the rising adoption of blackstrap molasses for making ethyl alcohol and rapid expansion of end-use verticals.

Demand for blackstrap molasses is particularly rising across developed nations like the United States and Canada due to rise in the number of health-conscious people, growing consumption of bakery products, presence of leading market players, increasing cane sugar production, and rising demand for natural food sweeteners. In fact, the United States is among the world’s largest sugar producers.

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Market Competition

Some of the key participants present in the global blackstrap molasses market ASR Group, B&G Foods, Inc., Allied Old English, Inc., Crosby Molasses Co Ltd., Imperial Sugar Company, Sweet Harvest Foods Inc, Meridian Foods Limited, Zook Molasses Company among others.

These leading market players are constantly aiming to upgrade their product portfolio by means of launching new products with innovative packaging. Besides this, they are adopting various growth strategies such as mergers, partnerships, acquisitions, and strengthening of distribution channels to gain a competitive edge in the market.

Scope of Report

Report Attribute

Details

Growth Rate

CAGR of 5.68% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Nature
  • End Use
  • Distribution Channel
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

Customization

Available Upon Request

Key Segments Profiled in the Blackstrap Molasses Industry Survey

By Nature:

  • Organic
  • Conventional

By End Use:

  • Food and Beverage Processing
  • Bakery and Confectionery products
  • Breakfast solutions
  • Desserts and Puddings
  • Other Food and Beverage Processing
  • Functional Foods and Dietary Supplements
  • Foodservice/HoReCa (Hotels/Restaurants/Café)
  • Household
  • Others (e.g., Animal Feed Industry, etc.)

By Distribution Channel:

  • Direct Sales/B2B
  • Indirect Sales/B2C
  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Mass Grocery Retailers
  • Specialty Stores
  • Online Retailing

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global blackstrap molasses market to expand at a 5.68% CAGR by 2032

Asia Pacific is expected to evolve into the most opportunistic market for blackstrap molasses market during the forecast period.

ASR Group, B&G Foods, Inc., Allied Old English, Inc., Crosby Molasses Co Ltd., Imperial Sugar Company, and Sweet Harvest Foods Inc. are some prominent blackstrap molasses manufacturers

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Nature

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Nature, 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Nature, 2022-2032

        5.3.1. Organic

        5.3.2. Conventional

Deep-dive segmentation will be available in the sample on request

6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    6.1. Introduction

    6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021

    6.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032

        6.3.1. North America

        6.3.2. Latin America

        6.3.3. Europe

        6.3.4. Asia Pacific

        6.3.5. MEA

    6.4. Market Attractiveness Analysis By Region

7. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    7.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    7.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        7.2.1. By Country

            7.2.1.1. U.S.

            7.2.1.2. Canada

        7.2.2. By Nature

    7.3. Market Attractiveness Analysis

        7.3.1. By Country

        7.3.2. By Nature

    7.4. Key Takeaways

8. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    8.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    8.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        8.2.1. By Country

            8.2.1.1. Brazil

            8.2.1.2. Mexico

            8.2.1.3. Rest of Latin America

        8.2.2. By Nature

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Nature

    8.4. Key Takeaways

9. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        9.2.1. By Country

            9.2.1.1. Germany

            9.2.1.2. U.K.

            9.2.1.3. France

            9.2.1.4. Spain

            9.2.1.5. Italy

            9.2.1.6. Russia

            9.2.1.7. Rest of Europe

        9.2.2. By Nature

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Nature

    9.4. Key Takeaways

10. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        10.2.1. By Country

            10.2.1.1. China

            10.2.1.2. Japan

            10.2.1.3. India

            10.2.1.4. South Korea

            10.2.1.5. Australia

            10.2.1.6. Rest of APAC

        10.2.2. By Nature

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Nature

    10.4. Key Takeaways

11. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021

    11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032

        11.2.1. By Country

            11.2.1.1. South Africa

            11.2.1.2. Saudi Arabia

            11.2.1.3. UAE

            11.2.1.4. Israel

            11.2.1.5. Rest of MEA

        11.2.2. By Nature

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Nature

    11.4. Key Takeaways

12. Key Countries Market Analysis

    12.1. Value (US$ Mn) & Volume (Tons)ed States

        12.1.1. Pricing Analysis

        12.1.2. Market Share Analysis, 2021

            12.1.2.1. By Nature

    12.2. Canada

        12.2.1. Pricing Analysis

        12.2.2. Market Share Analysis, 2021

            12.2.2.1. By Nature

    12.3. Brazil

        12.3.1. Pricing Analysis

        12.3.2. Market Share Analysis, 2021

            12.3.2.1. By Nature

    12.4. Mexico

        12.4.1. Pricing Analysis

        12.4.2. Market Share Analysis, 2021

            12.4.2.1. By Nature

    12.5. Germany

        12.5.1. Pricing Analysis

        12.5.2. Market Share Analysis, 2021

            12.5.2.1. By Nature

    12.6. U.K.

        12.6.1. Pricing Analysis

        12.6.2. Market Share Analysis, 2021

            12.6.2.1. By Nature

    12.7. France

        12.7.1. Pricing Analysis

        12.7.2. Market Share Analysis, 2021

            12.7.2.1. By Nature

    12.8. Spain

        12.8.1. Pricing Analysis

        12.8.2. Market Share Analysis, 2021

            12.8.2.1. By Nature

    12.9. Italy

        12.9.1. Pricing Analysis

        12.9.2. Market Share Analysis, 2021

            12.9.2.1. By Nature

    12.10. Russia

        12.10.1. Pricing Analysis

        12.10.2. Market Share Analysis, 2021

            12.10.2.1. By Nature

    12.11. China

        12.11.1. Pricing Analysis

        12.11.2. Market Share Analysis, 2021

            12.11.2.1. By Nature

    12.12. Japan

        12.12.1. Pricing Analysis

        12.12.2. Market Share Analysis, 2021

            12.12.2.1. By Nature

    12.13. India

        12.13.1. Pricing Analysis

        12.13.2. Market Share Analysis, 2021

            12.13.2.1. By Nature

    12.14. South Korea

        12.14.1. Pricing Analysis

        12.14.2. Market Share Analysis, 2021

            12.14.2.1. By Nature

    12.15. Australia

        12.15.1. Pricing Analysis

        12.15.2. Market Share Analysis, 2021

            12.15.2.1. By Nature

    12.16. South Africa

        12.16.1. Pricing Analysis

        12.16.2. Market Share Analysis, 2021

            12.16.2.1. By Nature

    12.17. Saudi Arabia

        12.17.1. Pricing Analysis

        12.17.2. Market Share Analysis, 2021

            12.17.2.1. By Nature

    12.18. UAE

        12.18.1. Pricing Analysis

        12.18.2. Market Share Analysis, 2021

            12.18.2.1. By Nature

    12.19. Israel

        12.19.1. Pricing Analysis

        12.19.2. Market Share Analysis, 2021

            12.19.2.1. By Nature

13. Market Structure Analysis

    13.1. Competition Dashboard

    13.2. Competition Benchmarking

    13.3. Market Share Analysis of Top Players

        13.3.1. By Regional

        13.3.2. By Nature

14. Competition Analysis

    14.1. Competition Deep Dive

        14.1.1. Meridian Foods Limited

            14.1.1.1. Overview

            14.1.1.2. Product Portfolio

            14.1.1.3. Profitability by Market Segments

            14.1.1.4. Sales Footprint

            14.1.1.5. Strategy Overview

                14.1.1.5.1. Marketing Strategy

                14.1.1.5.2. Product Strategy

                14.1.1.5.3. Channel Strategy

        14.1.2. ASR Group

            14.1.2.1. Overview

            14.1.2.2. Product Portfolio

            14.1.2.3. Profitability by Market Segments

            14.1.2.4. Sales Footprint

            14.1.2.5. Strategy Overview

                14.1.2.5.1. Marketing Strategy

                14.1.2.5.2. Product Strategy

                14.1.2.5.3. Channel Strategy

        14.1.3. B&G Foods, Inc.

            14.1.3.1. Overview

            14.1.3.2. Product Portfolio

            14.1.3.3. Profitability by Market Segments

            14.1.3.4. Sales Footprint

            14.1.3.5. Strategy Overview

                14.1.3.5.1. Marketing Strategy

                14.1.3.5.2. Product Strategy

                14.1.3.5.3. Channel Strategy

        14.1.4. Allied Old English, Inc.

            14.1.4.1. Overview

            14.1.4.2. Product Portfolio

            14.1.4.3. Profitability by Market Segments

            14.1.4.4. Sales Footprint

            14.1.4.5. Strategy Overview

                14.1.4.5.1. Marketing Strategy

                14.1.4.5.2. Product Strategy

                14.1.4.5.3. Channel Strategy

        14.1.5. Crosby Molasses Co Ltd.

            14.1.5.1. Overview

            14.1.5.2. Product Portfolio

            14.1.5.3. Profitability by Market Segments

            14.1.5.4. Sales Footprint

            14.1.5.5. Strategy Overview

                14.1.5.5.1. Marketing Strategy

                14.1.5.5.2. Product Strategy

                14.1.5.5.3. Channel Strategy

        14.1.6. Imperial Sugar Company

            14.1.6.1. Overview

            14.1.6.2. Product Portfolio

            14.1.6.3. Profitability by Market Segments

            14.1.6.4. Sales Footprint

            14.1.6.5. Strategy Overview

                14.1.6.5.1. Marketing Strategy

                14.1.6.5.2. Product Strategy

                14.1.6.5.3. Channel Strategy

        14.1.7. Sweet Harvest Foods Inc

            14.1.7.1. Overview

            14.1.7.2. Product Portfolio

            14.1.7.3. Profitability by Market Segments

            14.1.7.4. Sales Footprint

            14.1.7.5. Strategy Overview

                14.1.7.5.1. Marketing Strategy

                14.1.7.5.2. Product Strategy

                14.1.7.5.3. Channel Strategy

        14.1.8. Zook Molasses Company

            14.1.8.1. Overview

            14.1.8.2. Product Portfolio

            14.1.8.3. Profitability by Market Segments

            14.1.8.4. Sales Footprint

            14.1.8.5. Strategy Overview

                14.1.8.5.1. Marketing Strategy

                14.1.8.5.2. Product Strategy

                14.1.8.5.3. Channel Strategy

15. Assumptions & Acronyms Used

16. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032

Table 2: Global Market Volume (Tons) Forecast by Region, 2017-2032

Table 3: Global Market Value (US$ Mn) Forecast by Nature, 2017-2032

Table 4: Global Market Volume (Tons) Forecast by Nature, 2017-2032

Table 5: North America Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 6: North America Market Volume (Tons) Forecast by Country, 2017-2032

Table 7: North America Market Value (US$ Mn) Forecast by Nature, 2017-2032

Table 8: North America Market Volume (Tons) Forecast by Nature, 2017-2032

Table 9: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 10: Latin America Market Volume (Tons) Forecast by Country, 2017-2032

Table 11: Latin America Market Value (US$ Mn) Forecast by Nature, 2017-2032

Table 12: Latin America Market Volume (Tons) Forecast by Nature, 2017-2032

Table 13: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 14: Europe Market Volume (Tons) Forecast by Country, 2017-2032

Table 15: Europe Market Value (US$ Mn) Forecast by Nature, 2017-2032

Table 16: Europe Market Volume (Tons) Forecast by Nature, 2017-2032

Table 17: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 18: Asia Pacific Market Volume (Tons) Forecast by Country, 2017-2032

Table 19: Asia Pacific Market Value (US$ Mn) Forecast by Nature, 2017-2032

Table 20: Asia Pacific Market Volume (Tons) Forecast by Nature, 2017-2032

Table 21: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 22: MEA Market Volume (Tons) Forecast by Country, 2017-2032

Table 23: MEA Market Value (US$ Mn) Forecast by Nature, 2017-2032

Table 24: MEA Market Volume (Tons) Forecast by Nature, 2017-2032

Nandini Roy Choudhury
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

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List of Charts

Figure 1: Global Market Value (US$ Mn) by Nature, 2022-2032

Figure 2: Global Market Value (US$ Mn) by Region, 2022-2032

Figure 3: Global Market Value (US$ Mn) Analysis by Region, 2017-2032

Figure 4: Global Market Volume (Tons) Analysis by Region, 2017-2032

Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032

Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 7: Global Market Value (US$ Mn) Analysis by Nature, 2017-2032

Figure 8: Global Market Volume (Tons) Analysis by Nature, 2017-2032

Figure 9: Global Market Value Share (%) and BPS Analysis by Nature, 2022-2032

Figure 10: Global Market Y-o-Y Growth (%) Projections by Nature, 2022-2032

Figure 11: Global Market Attractiveness by Nature, 2022-2032

Figure 12: Global Market Attractiveness by Region, 2022-2032

Figure 13: North America Market Value (US$ Mn) by Nature, 2022-2032

Figure 14: North America Market Value (US$ Mn) by Country, 2022-2032

Figure 15: North America Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 16: North America Market Volume (Tons) Analysis by Country, 2017-2032

Figure 17: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 18: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 19: North America Market Value (US$ Mn) Analysis by Nature, 2017-2032

Figure 20: North America Market Volume (Tons) Analysis by Nature, 2017-2032

Figure 21: North America Market Value Share (%) and BPS Analysis by Nature, 2022-2032

Figure 22: North America Market Y-o-Y Growth (%) Projections by Nature, 2022-2032

Figure 23: North America Market Attractiveness by Nature, 2022-2032

Figure 24: North America Market Attractiveness by Country, 2022-2032

Figure 25: Latin America Market Value (US$ Mn) by Nature, 2022-2032

Figure 26: Latin America Market Value (US$ Mn) by Country, 2022-2032

Figure 27: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 28: Latin America Market Volume (Tons) Analysis by Country, 2017-2032

Figure 29: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 30: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 31: Latin America Market Value (US$ Mn) Analysis by Nature, 2017-2032

Figure 32: Latin America Market Volume (Tons) Analysis by Nature, 2017-2032

Figure 33: Latin America Market Value Share (%) and BPS Analysis by Nature, 2022-2032

Figure 34: Latin America Market Y-o-Y Growth (%) Projections by Nature, 2022-2032

Figure 35: Latin America Market Attractiveness by Nature, 2022-2032

Figure 36: Latin America Market Attractiveness by Country, 2022-2032

Figure 37: Europe Market Value (US$ Mn) by Nature, 2022-2032

Figure 38: Europe Market Value (US$ Mn) by Country, 2022-2032

Figure 39: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 40: Europe Market Volume (Tons) Analysis by Country, 2017-2032

Figure 41: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 42: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 43: Europe Market Value (US$ Mn) Analysis by Nature, 2017-2032

Figure 44: Europe Market Volume (Tons) Analysis by Nature, 2017-2032

Figure 45: Europe Market Value Share (%) and BPS Analysis by Nature, 2022-2032

Figure 46: Europe Market Y-o-Y Growth (%) Projections by Nature, 2022-2032

Figure 47: Europe Market Attractiveness by Nature, 2022-2032

Figure 48: Europe Market Attractiveness by Country, 2022-2032

Figure 49: Asia Pacific Market Value (US$ Mn) by Nature, 2022-2032

Figure 50: Asia Pacific Market Value (US$ Mn) by Country, 2022-2032

Figure 51: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 52: Asia Pacific Market Volume (Tons) Analysis by Country, 2017-2032

Figure 53: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 54: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 55: Asia Pacific Market Value (US$ Mn) Analysis by Nature, 2017-2032

Figure 56: Asia Pacific Market Volume (Tons) Analysis by Nature, 2017-2032

Figure 57: Asia Pacific Market Value Share (%) and BPS Analysis by Nature, 2022-2032

Figure 58: Asia Pacific Market Y-o-Y Growth (%) Projections by Nature, 2022-2032

Figure 59: Asia Pacific Market Attractiveness by Nature, 2022-2032

Figure 60: Asia Pacific Market Attractiveness by Country, 2022-2032

Figure 61: MEA Market Value (US$ Mn) by Nature, 2022-2032

Figure 62: MEA Market Value (US$ Mn) by Country, 2022-2032

Figure 63: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 64: MEA Market Volume (Tons) Analysis by Country, 2017-2032

Figure 65: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 66: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 67: MEA Market Value (US$ Mn) Analysis by Nature, 2017-2032

Figure 68: MEA Market Volume (Tons) Analysis by Nature, 2017-2032

Figure 69: MEA Market Value Share (%) and BPS Analysis by Nature, 2022-2032

Figure 70: MEA Market Y-o-Y Growth (%) Projections by Nature, 2022-2032

Figure 71: MEA Market Attractiveness by Nature, 2022-2032

Figure 72: MEA Market Attractiveness by Country, 2022-2032

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