The global Black Treacle market is expected to reach a market valuation of US$ 370 million by 2023, recording a CAGR of 5.0% from 2023 to 2033.
As sugar is refined, a dark, viscous liquid called black treacle is created that contains uncrystallized sugar. Black treacle tastes less bitter than pure molasses but is similar to it. Fruitcakes, treacle scones, and other baked goods can be made with black treacle, a gluten-free product. Black treacle can be used to make toffee, humbugs, or as a topping for pancakes.
| Attributes | Details |
|---|---|
| Black Treacle Market Size (2023E) | US$ 370 million |
| Black Treacle Market Projected Size (2033F) | US$ 602 million |
| Value CAGR (2023 to 2033) | 5.0% |
| Top 3 Countries Marketing Share | 69.3% |
The use of gluten-free products is preferred by customers as the trend toward a healthy lifestyle and diet grows in order to reduce their risk of allergies and diseases. As a result, given that Black Treacle is gluten-free and can be used to produce a variety of foods, market demand is projected to rise.
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| Market Statistics | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 5.1% |
| Jul-Dec (H2), 2021 (A) | 5.2% |
| Jan-Jun (H1),2022 Projected (P) | 5.3% |
| Jan-Jun (H1),2022 Outlook (O) | 5.4% |
| Jul-Dec (H2), 2022 Projected (P) | 5.2% |
| Jul-Dec (H2), 2022 Outlook (O) | 5.3% |
| Jan-Jun (H1), 2023 Projected (P) | 5.0% |
There is no specific need for expensive technology or raw materials because black treacle is produced during the sugar refining process. Also, the massive amount of sugar produced globally contributes to an increase in the manufacture of black treacle. As a result, the manufacturers are able to produce it at a price that is fair for consumers and is consequently commercially viable for the producers. Consumers may be drawn in by the affordable price and widespread use of black treacle in bakery and food goods.
These benefits may draw food product producers, the bakery sector, household consumers, etc., which may facilitate the growth of the black treacle market.
Use of Black Treacle in Confectionary Products.
A range of bakery goods, including dark gingerbread cake, fruit cakes, licorice, tarts, puddings, biscuits, and fudge, can be made with black treacle, a gluten-free sugar syrup. You can also add black treacle to sauces, casseroles, and other dishes. Since health-conscious consumers prefer to use organic products that don't contain any artificial additives, some of the main companies are offering black treacle that doesn't contain any artificial preservatives or flavors, which is a crucial factor that can help the black treacle market flourish.
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Due to the expanding use of black treacle for ethyl alcohol production and the quickening growth of end-use verticals, North America continues to be a large market for black treacle and is anticipated to expand at a significant rate over the projection period.
Due to the growing number of health-conscious consumers, rising bakery product consumption, the presence of major market players, rising cane sugar production, and growing demand for natural food sweeteners, black treacle demand is rising particularly in developed countries like the United States and Canada. One of the biggest producers of sugar worldwide is the United States.
Due to the rising awareness of black treacle' health advantages, changing lifestyles, a fast growing population, and rising consumption of bakery goods, the Asia Pacific black treacle market is anticipated to expand at a higher CAGR during the forecast period.
The largest cane sugar producers in the world are nations like China and India. The abundance of cane sugar-producing businesses in these areas is creating a favorable atmosphere for the expansion of the black treacle market. Increasing consumer health consciousness and the use of black treacle in a wider range of food and beverage items are predicted to open up new growth opportunities for the Asia Pacific black treacle market over the course of the forecast period.
The prepared beef can be marinated in black treacle. The unusual addition of black treacle accentuates the flavor of the meat. Numerous businesses include treacle as a food ingredient in their dishes, such as the beef and Guinness stew made by the Knorr firm. The demand for black treacle may rise as a result of the increased flavor and scent that it gives to food goods. This may also draw food producers who can utilize black treacle in their products, which could further entice customers who want food products with novel flavors.
Given that black treacle has a rich perfume, a long shelf life, and a mildly bitter taste, its demand in the beverage business may rise. Food and beverage firms can employ black treacle to create creative, gluten-free items with distinctive flavors that will appeal to consumers who are health-conscious, perhaps expanding the market for black treacle. Since health-conscious consumers prefer to use organic products that don't contain any artificial additives, some of the main companies are offering black treacle that doesn't contain any artificial preservatives or flavors, which is a crucial factor that can help the black treacle market flourish.
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The black treacle market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Source, End-Use Application, and Region |
| Key Companies Profiled |
Tate & Lyle; Sun Agro Foods; Shepcote; Ragus; Chelsea Sugar; Knorr |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Black Treacle Market is valued at US$ 370 million for 2023.
The Black Treacle Market valuation is expected to be US$ 602 million in the year 2023.
The value of CAGR for the Black Treacle Market is estimated to be 5%.
The meat preparation segment would garner a significant market value share by 2023.
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Black Treacle Market
