Cranberry Juice Concentrate
To replicate the tart flavor of pomegranate molasses, you can useconcentrate. It works well in vinaigrettes and in dishes. If you have cranberry juice on hand, you can make a simple thick syrup using cranberry juice and sugar or molasses. Adjust the sugar or molasses to your taste, depending on how pre-sweetened your juice is.
Grenadine is one of the best substitutes for pomegranate molasses if you are making a drink. However, it is much sweeter than pomegranate molasses, so you may have to reduce the amount of any added.
Pomegranate Juice & Sugar
You can make your own pomegranate molasses at home by reducing pomegranate juice (either home-made or bottled) until you have a consistency like honey. Add sugar to your taste; however, if your juice is already sweetened, you do not need to add sugar.
Balsamic Vinegar & Sugar
Raspberry Jam Reduction
Tamarind Paste & Honey
If you are looking to make a Middle Eastern dish with meat and want an intense burst of flavor, you can substitute pomegranate molasses with a mixture of 1 teaspoon of paste and 1 teaspoon of honey. You can also use tamarind paste cooked with dates.
Cassis (Blackcurrant) Syrup
If you want to jazz up your drinks, use cassis syrup. However, it has a slightly bitter taste as compared to pomegranate molasses.