Press release
Carob Market to Reach USD 319.2 Mn by 2029, emerging at a CAGR of 5.3 percent and forecast 2023-2029
Carob Market
The report employs a rigorous research methodology to analyze market trends, incorporating data from primary and secondary sources. Robust data analytics and industry insights form the foundation of this comprehensive report.
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What are Carob Market Dynamics:
The Carob Market's trajectory is underpinned by escalating demand for vegan and gluten-free products and the expanding popularity of carob across culinary realms including confectionery, bakery, and diverse food and beverage applications. Carob powder sales in the United States escalated by 20% in 2022. Also, Carob-based snack sales in the United Kingdom experienced a robust 15% growth in 2022. Carob-based dessert sales in France surged remarkably by 25% in the same year. These instances underscore the growing resonance of carob as a vegan and gluten-free ingredient. This upward trajectory is anticipated to continue as health-consciousness gains further traction and the call for convenient, natural, and sustainable food alternatives intensifies.
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Carob Market Regional Insights:
North America: Dominates the market with a focus on health and wellness, reflected in the rise of plant-based diets.
Europe: Anticipated to lead the market, with notable production and consumption in countries like Italy, Spain, and Portugal.
Asia Pacific and Rest of the World: Growing demand for carob-based products, driven by health-conscious consumer preferences.
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What is Carob Market Segmentation:
by Type
Carob Powder
Carob Chips
Carob Bars
Carob Syrup
Carob Snacks
by Application
Bakery and Confectionary
Nutrition and supplements
Dairy Products
Pharmaceuticals
Other
by Distribution Channel
Online Retail
Retail Stores
Supermarkets
Specialty Stores
Other
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Who are Carob Market Key Players:
1. Carab Co ( Australia )
2. Stavros Parpis Foods Ltd. - (Cyprus)
3. Savvy Carob Co. Ltd. - (United Kingdom)
4. AEP Colloids - (United States)
5. Tic Gums Inc. - (United States)
6. Altrafine Gums - (India)
7. Australian Carobs Pty Ltd. - (Australia)
8. Pedro Perez - (United States)
9. Carob S.A. - (Greece)
10. DuPont - (United States)
11. Tate & Lyle plc - (United Kingdom)
12. Auroduna Americas - (United States)
13. CyberColloids - (Ireland)
14. The Hain Celestial Group - (United States)
15. Savvy Foods - (United Kingdom)
16. Carobs Australia - (Australia)
17. Creta Carob - (Greece)
18. Lewis Confectionery - (United States)
19. Frontier Co-op - (United States)
Table of content for the Carob Market includes:
Global Carob Market: Research Methodology
Global Carob Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Carob Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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Top Companies:-
Altrafine Gums, Pedro Perez, Savvy Carob Co. Ltd., DuPont, Carob S.A., Stavros Parpis Foods Ltd., AEP Colloids, TIC Gums Inc., Australian Carobs Pty Ltd. and Tate & Lyle.
The carob market size is expected to reach $384,882.3 thousand byโฆ
Carob Market - ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ (๐๐ โฆ
Increasing use of organic and plant-based food additives, ingredients, flavors and color in food processing industries is expected to generate demand for carob. Increasing use of healthy ingredients including carob in nutrition and supplements products further accelerates the growth of the carob market
Various applications of carob in the bakery and confectionery industry, consumer preferences for healthier bakery products, and change in culture & lifestyle in the Asian countries drive theโฆ
