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Carob Market Size, Business Growth and Opportunities from 2024-2030

01-14-2025 09:52 AM CET | Food & Beverage

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Carob Market

Carob Market

๐‚๐š๐ซ๐จ๐› ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The global carob market was valued at USD 235.45 million in 2023 and is projected to reach USD 337.98 million by 2030, registering a CAGR of 5.3% during the forecast period (2024-2030). Carob, sourced from the Mediterranean region, is rapidly gaining popularity as a healthier and environmentally friendly alternative to cocoa-based products, driven by its low fat, caffeine-free content, and growing demand in plant-based diets.

๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐‚๐š๐ซ๐จ๐› ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

Carob's market growth is propelled by its increasing adoption in health-conscious consumer segments. Known for its numerous health benefits, including its positive effects on digestive health and anti-inflammatory properties, carob is becoming a staple in the production of gluten-free and vegan products. Furthermore, carob's versatility as a natural sweetener and additive in snacks, beverages, and bakery products contributes to its expanding applications.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/221524/

๐Š๐ž๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐š๐ซ๐จ๐› ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐๐ฅ๐š๐ง๐ญ-๐๐š๐ฌ๐ž๐ ๐€๐ฅ๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐ฏ๐ž๐ฌ

The rising demand for plant-based alternatives is a driving force in the carob market. As consumers increasingly turn to sustainable, ethical, and health-oriented food choices, carob is gaining favor as a dairy-free, cruelty-free, and nutritious option. Its appeal to individuals adopting vegan, vegetarian, or gluten-free diets further bolsters its position in the marketplace.

๐†๐ฅ๐ฎ๐ญ๐ž๐ง-๐…๐ซ๐ž๐ž ๐š๐ง๐ ๐€๐ฅ๐ฅ๐ž๐ซ๐ ๐ž๐ง-๐…๐ซ๐ž๐ž ๐Ž๐ฉ๐ญ๐ข๐จ๐ง๐ฌ

Carob's natural gluten-free and allergen-free properties make it an attractive choice for those with dietary sensitivities. As the number of individuals diagnosed with celiac disease and gluten intolerance grows, the need for safe, nutritious food alternatives is more pressing. Carob's appeal to this segment of the market continues to drive its demand.

๐ƒ๐ข๐ฏ๐ž ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/221524/

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‚๐š๐ซ๐จ๐› ๐Œ๐š๐ซ๐ค๐ž๐ญ

In Vietnam, the carob market is benefiting from the rise of plant-based diets and a preference for healthier, allergen-free ingredients. The demand for natural sweeteners is driving growth, as consumers seek alternatives to traditional chocolate and sugary products. Carob-based offerings are expected to see significant uptake in the confectionery and snack sectors, with major companies like XYZ Foods exploring local sourcing to meet demand.

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‚๐š๐ซ๐จ๐› ๐Œ๐š๐ซ๐ค๐ž๐ญ

Thailand's carob market is witnessing an increasing trend of healthy eating, with more consumers opting for plant-based foods due to growing awareness of lifestyle diseases. The rise in the number of vegan and gluten-free consumers presents a lucrative opportunity for carob producers. Thailand's growing wellness sector is encouraging food manufacturers to incorporate carob into their product lines.

๐‰๐š๐ฉ๐š๐ง ๐‚๐š๐ซ๐จ๐› ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง

In Japan, carob is seen as a sustainable alternative in the food and beverage sector. As the market matures, key players such as ABC Organic Foods are actively pursuing mergers and acquisitions to strengthen their market presence and enhance product innovation. This consolidation aims to provide a wider range of carob-based products tailored to health-conscious consumers, including carob-infused snacks and desserts.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‚๐š๐ซ๐จ๐› ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

South Korea's carob market is evolving with increased interest in functional foods. As awareness of the health benefits of carob rises, local companies are innovating by integrating carob powder into beverages, supplements, and other functional products. The government's push for sustainable agriculture practices aligns well with carob's eco-friendly profile, further driving its market potential.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‚๐š๐ซ๐จ๐› ๐Œ๐š๐ซ๐ค๐ž๐ญ

Singapore, with its diverse and affluent consumer base, represents a significant growth opportunity for carob producers. The market is seeing rising demand for organic and allergen-free products, particularly in the vegan and gluten-free segments. Companies like Green Foods Ltd. are capitalizing on these trends, launching carob-based products that cater to the city-state's health-conscious population.

๐…๐จ๐ซ ๐š ๐ช๐ฎ๐ข๐œ๐ค ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐œ๐ฅ๐ข๐œ๐ค ๐ก๐ž๐ซ๐ž: https://www.maximizemarketresearch.com/request-sample/221524/

๐‚๐š๐ซ๐จ๐› ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Carob Powder
Carob Chips
Carob Bars
Carob Syrup
Carob Snacks

Due to its popularity as a natural thickener and sweetener in a variety of food and drink products, the carob powder category is expected to hold a dominant market share of over 50% in 2023. Because of its fiber and calcium content, carob powder is preferred by health-conscious consumers. The markets for carob chips, bars, syrup, and snacks are expanding, but more slowly, as they are specialized goods with less demand. Carob powder's market success among a variety of goods is fueled by its health benefits and adaptability as a sugar and chocolate substitute.

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Bakery and Confectionary
Nutrition and supplements
Dairy Products
Pharmaceuticals
Other

๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

Online Retail
Retail Stores
Supermarkets
Specialty Stores
Other

To Learn More About This Study, Please Click Here: https://www.maximizemarketresearch.com/market-report/carob-market/221524/

๐‚๐š๐ซ๐จ๐› ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

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)

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

Global Legal AI Software Market https://www.maximizemarketresearch.com/market-report/global-legal-ai-software-market/30850/

Global Feed Premix Market https://www.maximizemarketresearch.com/market-report/global-feed-premix-market/75053/

Intravenous Solution Market https://www.maximizemarketresearch.com/market-report/intravenous-solution-market/73970/

Smart Clothing Market https://www.maximizemarketresearch.com/market-report/smart-clothing-market/147233/

Global Organic Skin Care Products Market https://www.maximizemarketresearch.com/market-report/global-organic-skin-care-products-market/69592/

Mushroom Market https://www.maximizemarketresearch.com/market-report/global-mushroom-market/26848/

Graphite Market https://www.maximizemarketresearch.com/market-report/global-graphite-market/14950/

Global Tissue Paper Market https://www.maximizemarketresearch.com/market-report/global-tissue-paper-market/44973/

Propylene Glycol Market https://www.maximizemarketresearch.com/market-report/global-propylene-glycol-market/33146/

Global Vacuum Pumps Market https://www.maximizemarketresearch.com/market-report/global-vacuum-pumps-market/33082/

๐Œ๐€๐—๐ˆ๐Œ๐ˆ๐™๐„ ๐Œ๐€๐‘๐Š๐„๐“ ๐‘๐„๐’๐„๐€๐‘๐‚๐‡ ๐๐•๐“. ๐‹๐“๐ƒ.

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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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