Carob Market Will Generate Record Revenue by 2031

The global carob market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period. The growing consumer's preference towards caffeine-free products is driving the demand for carob powder. The amount of calcium found in carob powder is almost thrice the amount of cocoa. This makes it popular among people suffering from calcium deficiency. Furthermore, the vegan population is increasing, which had forced the vendors across the globe to launch vegan food products. According to the Vegan Society, in 2018, more vegan products were launched in the UK among all other nations. Additionally, the take-away orders of vegan meals grew to 388% in between 2016 and 2018 in the UK. These factors are expected to drive the demand for carob powder as a vegan ingredient in the formulation of various food products. For instance, in March 2020, Polygal launches vegetable protein ingredient for "gluten-free enjoyment" to create an appealing texture similar to the one comes from gluten. This ingredient improves the nutritional profile, makes the products look more delicious and healthier by a whole grain touch, and creates a "rusty" taste. People with intolerance from gluten cannot consume food with wide range of cereals. Thus, the intolerance of gluten is also a growth opportunity for the carob market.

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Market Coverage

The market number available for - 2024-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Product Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Alpine Herb Co. Inc., Altrafine Gums, Cargill, Inc., DuPont de Nemours, Inc., Gumix International, Inc., SARcom GmbH, Tate & Lyle plc, and others.

Carob Market Report Segment

By Product Type

Gum
Powder

By Application

Bakery & Confectionery
Nutrition & Supplements
Dairy Product
Pharmaceuticals
Other (Cereals and Snacks)

A full Report of Carob Market is Available at:  https://www.omrglobal.com/industry-reports/carob-market

Carob Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East & Africa

Company Profiles 

Alpine Herb Co. Inc.
Altrafine Gums
Amstel Products BV
Arthur Branwell
Barry Farm
Biolinked
Bob's Red Mill Natural Foods, Inc.
Cargill, Inc.
CAROBOU LLC
Cesium, Inc. dba Knowde
Country Life Foods
CyberColloids Ltd.
DuPont de Nemours, Inc.
EURODUNA AMERICAS INC.
Fiberstar, Inc.
Gumix International, Inc.
Ingredion Inc.
Jedwards International, Inc.
LBG Sicilia
Lewis Confectionery Pty Ltd.
NOW Health Group, Inc.
PANOS Brands, LLC
PEDRO PÉREZ MARTÍNEZ, S.L.U
SARcom GmbH
Scalzo Food Industries
SOMAR Corp.
STAVROS PARPIS FOODSTUFFS LTD.
Tate & Lyle plc
The Australian Carob Co.
The Hain Celestial Group, Inc.
Tilley Co.
William Reed Business Media Ltd.

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