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Carob Powder Market

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

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

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

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.

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

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

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

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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