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Global Carob Powder Market Share, Size, Growth, Report, Analysis, Forecast: By Product: Natural, Organic; By Application: B2B, B2C; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand and Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Carob Powder Market Outlook

The global carob powder market size reached a value of around USD 63.06 million in 2023. The market is further expected to grow at a CAGR of 6.0% between 2024 and 2032, reaching a value of around USD 106.78 million by 2032.

carob powder market

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Key Trends in the Market

Carob powder, also known as carab flour, is a common alternative for cocoa powder and is made from the ripe pulp of carob tree plants. Carob (Ceratonia siliqua) is an evergreen blooming tree which belongs to the Fabaceae family of legumes. It is frequently grown as a decorative plant and in gardens and landscapes and for its tasty pods.

Carob powder is rich in protein, calcium, and fibre and has a number of health advantages. Since it has a natural sweetening flavour and is high in dietary fibre, carob powder is widely used in confectionery, bakery, and pet food products.

One of the key carob powder market trends driving the market growth is the caffeine-free quality of carob powder which makes it acceptable for customers who cannot tolerate caffeine.

The number of diabetic patients are constantly rising worldwide because of sedentary lifestyles and altered food patterns. This factor is anticipated to enhance the use of carob powder as a natural sweetener, eliminating the need to fortify with additional sugar, fuelling the carob powder market growth.

Global Carob Powder Market Analysis

Based on product, the market is divided into natural and organic. The carob powder market segmentation, based on application, is B2B and B2C, with B2B further divided by type into bakery, and confectionary, among others. The regional markets for carob powder are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

carob powder market by segments

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global carob powder market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

The Australian Carob Company

Frontier Co-Op

NOW Health Group, Inc

PANOS Brands, LLC (Chatfield's)

Lewis Confectionery Pty Ltd

Tootsi Impex Inc.

Boublenza SARL

Industrias Ralda S.A.

Others

Global Carob Powder Market Share by Application

B2B applications of carob powder occupy a significant share of the market owing to the growing use of carob powder in baked goods and confectioneries. The development of premium artisanal products and nutritious baked goods has increased spending among industry participants over the past several years, leading to a rise in the use of carob powder. Meanwhile, B2C applications are expected to exhibit fast growth over the forecast period as more consumers throughout the world increasingly practise home baking with healthy food options.

Global Carob Powder Market Share by Region

At a regional level, Europe accounts for one of the largest shares of the global carob powder market which can be attributed to the rising customer interest in healthier chocolate substitutes. The Asia Pacific region is expected to expand at a rapid CAGR in the forecast period due to the rising popularity of carob powder because of its high nutritious value. In the upcoming years, demand for carob powder in the Asia Pacific is likely to rise as it becomes more widely available in supermarkets and superstores. Further, the rising prevalence of diabetes in countries like China and India is predicted to change consumer preferences towards sugar-free alternatives.

carob powder market by region

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Competitive Landscape

The Australian Carob Company, established in 2000 and with its headquarters in Booborowie, Australia, is a well-known provider of some of the sweetest and highest-quality organic carbohydrates on the planet. The company's sustainable farm in South Australia produces certified organic carob kibble, powder, syrup, and snacks.

NOW Health Group, Inc, founded in 1968 and based out of Illinois in the United States is one of the leaders in the natural goods sector. The company delivers a variety of high-quality, natural products that are reasonably priced, from nutrient-rich foods and supplements to personal care and sports nutrition products.

PANOS Brands, LLC (Chatfield's), established in 1926 and headquartered in New Jersey in the United States, produces and markets natural and speciality food items. Its portfolio of brands includes ready-to-eat pouched veggies, KA-ME calorie-free dressings and condiments, and Italian culinary pastes, among others.

Other market players include Frontier Co-Op, Lewis Confectionery Pty Ltd, Tootsi Impex Inc., Boublenza SARL, and Industrias Ralda S.A., among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Product Application Region
Breakup by Product	Natural Organic
Breakup by Application	B2B B2C
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	The Australian Carob Company Frontier Co-Op NOW Health Group, Inc PANOS Brands, LLC (Chatfield's) Lewis Confectionery Pty Ltd Tootsi Impex Inc. Boublenza SARL Industrias Ralda S.A. Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Carob Powder Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Carob Powder Historical Market (2018-2023)
   8.3   Global Carob Powder Market Forecast (2024-2032)
   8.4   Global Carob Powder Market by Product
       8.4.1   Natural
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   Organic
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
   8.5   Global Carob Powder Market by Application
       8.5.1   B2B
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
           8.5.1.3   Breakup by Type
               8.5.1.3.1   Bakery
               8.5.1.3.2   Confectionary
               8.5.1.3.3   Others
       8.5.2   B2C
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
   8.6   Global Carob Powder Market by Region
       8.6.1   North America
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Europe
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
       8.6.3   Asia Pacific
           8.6.3.1   Historical Trend (2018-2023)
           8.6.3.2   Forecast Trend (2024-2032)
       8.6.4   Latin America
           8.6.4.1   Historical Trend (2018-2023)
           8.6.4.2   Forecast Trend (2024-2032)
       8.6.5   Middle East and Africa
           8.6.5.1   Historical Trend (2018-2023)
           8.6.5.2   Forecast Trend (2024-2032)
9   North America Carob Powder Market Analysis
   9.1   United States of America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
10   Europe Carob Powder Market Analysis
   10.1   United Kingdom
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Historical Trend (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Historical Trend (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Carob Powder Market Analysis
   11.1   China
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Historical Trend (2018-2023)
       11.5.2   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Carob Powder Market Analysis
   12.1   Brazil
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Historical Trend (2018-2023)
       12.3.2   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Carob Powder Market Analysis
   13.1   Saudi Arabia
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Historical Trend (2018-2023)
       13.4.2   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Value Chain Analysis
16   Competitive Landscape
   16.1   Market Structure
   16.2   Company Profiles
       16.2.1   The Australian Carob Company
           16.2.1.1   Company Overview
           16.2.1.2   Product Portfolio
           16.2.1.3   Demographic Reach and Achievements
           16.2.1.4   Certifications
       16.2.2   Frontier Co-Op
           16.2.2.1   Company Overview
           16.2.2.2   Product Portfolio
           16.2.2.3   Demographic Reach and Achievements
           16.2.2.4   Certifications
       16.2.3   NOW Health Group, Inc
           16.2.3.1   Company Overview
           16.2.3.2   Product Portfolio
           16.2.3.3   Demographic Reach and Achievements
           16.2.3.4   Certifications
       16.2.4   PANOS Brands, LLC (Chatfield's)
           16.2.4.1   Company Overview
           16.2.4.2   Product Portfolio
           16.2.4.3   Demographic Reach and Achievements
           16.2.4.4   Certifications
       16.2.5   Lewis Confectionery Pty Ltd
           16.2.5.1   Company Overview
           16.2.5.2   Product Portfolio
           16.2.5.3   Demographic Reach and Achievements
           16.2.5.4   Certifications
       16.2.6   Tootsi Impex Inc.
           16.2.6.1   Company Overview
           16.2.6.2   Product Portfolio
           16.2.6.3   Demographic Reach and Achievements
           16.2.6.4   Certifications
       16.2.7   Boublenza SARL
           16.2.7.1   Company Overview
           16.2.7.2   Product Portfolio
           16.2.7.3   Demographic Reach and Achievements
           16.2.7.4   Certifications
       16.2.8   Industrias Ralda S.A.
           16.2.8.1   Company Overview
           16.2.8.2   Product Portfolio
           16.2.8.3   Demographic Reach and Achievements
           16.2.8.4   Certifications
       16.2.9   Others
17   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Carob Powder Market: Key Industry Highlights, 2018 and 2032
2.   Global Carob Powder Historical Market: Breakup by Product (USD Million), 2018-2023
3.   Global Carob Powder Market Forecast: Breakup by Product (USD Million), 2024-2032
4.   Global Carob Powder Historical Market: Breakup by Application (USD Million), 2018-2023
5.   Global Carob Powder Market Forecast: Breakup by Application (USD Million), 2024-2032
6.   Global Carob Powder Historical Market: Breakup by Region (USD Million), 2018-2023
7.   Global Carob Powder Market Forecast: Breakup by Region (USD Million), 2024-2032
8.   North America Carob Powder Historical Market: Breakup by Country (USD Million), 2018-2023
9.   North America Carob Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
10.   Europe Carob Powder Historical Market: Breakup by Country (USD Million), 2018-2023
11.   Europe Carob Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Asia Pacific Carob Powder Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Asia Pacific Carob Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Latin America Carob Powder Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Latin America Carob Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Middle East and Africa Carob Powder Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Middle East and Africa Carob Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Global Carob Powder Market Structure

Key Questions Answered in the Report

What was the global carob powder market value in 2023?

In 2023, the global market for carob powder attained a value of USD 63.06 million.

What is the growth rate of the carob powder market?

The market is projected to grow at a CAGR of 6% between 2024 and 2032.

What is the carob powder market forecast for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 106.78 million by 2032.

What are the major drivers of the market?

The major drivers of the market include the growing use of carob powder in the confectionery, bakery, and pet food sectors, caffeine-free property of carob powder, and growing availability of carob powder at supermarkets and hypermarkets.

What are the key trends in the global market?

Changing eating habits and shifting consumer inclination towards sugar-free alternatives are the key trends propelling the growth of the market.

What are the major regions for carob powder, according to the EMR report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the major applications of carob powder in the market?

The major applications of carob powder in the market are B2B and B2C, with B2B further divided into bakery, and confectionary, among others.

Who are the key players in the market, according to the carob powder market report?

The major players in the global carob powder market are The Australian Carob Company, Frontier Co-Op, NOW Health Group, Inc, PANOS Brands, LLC (Chatfield's), Lewis Confectionery Pty Ltd, Tootsi Impex Inc., Boublenza SARL, and Industrias Ralda S.A., among others.

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