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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339071
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339071
Carob Powder Market Share, Size, Trends, Industry Analysis Report, By Product Type (Organic Carob Powder and Natural Carob Powder); By Sales Channel; By Region; Segment Forecast, 2023 - 2032
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The global Carob Powder market size is expected to reach USD 101.54 Billion by 2032, according to a new study by Polaris Market Research. The report "Carob Powder Market Share, Size, Trends, Industry Analysis Report, By Product Type (Organic Carob Powder and Natural Carob Powder); By Sales Channel; By Region; Segment Forecast, 2023-2032" gives a detailed insight into the current market dynamics and provides analysis on future market growth.
Carob powder is a popular natural ingredient used as a substitute for cocoa powder, which contains caffeine and theobromine, which can cause health problems for some individuals. Carob powder is a healthier alternative, being caffeine-free and low in fat, and is therefore becoming increasingly popular in the health and wellness industry. With more people adopting vegan and plant-based diets, there is a rising demand for plant-based alternatives to traditional animal-derived ingredients. Carob powder is a vegan-friendly ingredient that can be used in various recipes, from baking to hot drinks. It is mainly produced in arid desert places. Caron powder is mainly produced in Spain, Morocco, Italy, and a few Asian countries. It is frequently used in the local delicacies and has been an important part of the Mediterranean diet for centuries.
Carob trees are a sustainable crop that can grow in arid regions, making it an environmentally friendly option. Additionally, the carob industry provides employment opportunities for rural communities, making it an ethical choice for consumers who are conscious of their purchases' social and environmental impact. Carob powder is a rich source of fiber, antioxidants, and minerals such as calcium and magnesium, which makes it a popular ingredient in functional food and beverage products. These products are marketed as providing health benefits beyond basic nutrition, such as improved digestive health and reduced risk of chronic diseases.
Carob powder is used in various food and beverage products, including baked goods, confectionery, and hot drinks. The versatility of carob powder and its naturally sweet taste makes it an attractive ingredient for food manufacturers, driving demand. Carob powder is high in insoluble fiber, which can help promote digestive health by adding bulk to stools and preventing constipation. It is also rich in polyphenols, which have antioxidant properties and can help protect against chronic diseases such as cancer, heart disease, and diabetes.
Carob Powder Market Report Highlights
Natural carob powder is expected to witness the fastest growth owing to its health benefits, allergy-friendly nature, vegan and vegetarian friendly, and accessibility nature.
The B2B segment accounts for a large market share owing to the increasing use of carob powder in industrial use, cost-effectiveness, rising demand, and global availability of carob powder.
Europe holds the largest market share, owing to the region's increasing demand for natural and healthy food products. Consumers' shift towards sugar-free alternatives due to the growing prevalence of diseases such as diabetes, obesity, and others, is expected to increase the popularity of carob powder.
The global players include: Creta Carob; Terra Soul Superfood; Bio fair; The Australian Carbo Co.; Barry Farm Foods; Frontier Co-op; Now Foods; Clif Bar; and Nestle.
Polaris Market Research has segmented the Carob Powder market report based on product type, sales channel, and region:
Carob Powder, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Organic Carob Powder
- Natural Carob Powder
Carob Powder, Sales Channel Outlook (Revenue - USD Billion, 2019 - 2032)
- B2C
- B2B
Carob Powder, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3451
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Carob Powder Market Insights
- 4.1. Carob Powder Market - Industry Snapshot
- 4.2. Carob Powder Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Consumer preference for healthier bakery products
- 4.2.1.2. Various application of carob in bakery and confectionery industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Availability of healthier substitutes
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Carob Powder Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Carob Powder Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Carob Powder, by Product Type, 2019-2032 (USD Billion)
- 5.3. Organic Carob Powder
- 5.3.1. Global Carob Powder Market, by Organic Carob Powder, by Region, 2019-2032 (USD Billion)
- 5.4. Natural Carob Powder
- 5.4.1. Global Carob Powder Market, by Natural Carob Powder, by Region, 2019-2032 (USD Billion)
6. Global Carob Powder Market, by Sales Channel
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 6.3. B2C
- 6.3.1. Global Carob Powder Market, by B2C, by Region, 2019-2032 (USD Billion)
- 6.4. B2B
- 6.4.1. Global Carob Powder Market, by B2B, by Region, 2019-2032 (USD Billion)
7. Global Carob Powder Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Carob Powder Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Carob Powder Market - North America
- 7.3.1. North America: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.3.2. North America: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.3.3. Carob Powder Market - U.S.
- 7.3.3.1. U.S.: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.3.4. Carob Powder Market - Canada
- 7.3.4.1. Canada: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.4. Carob Powder Market - Europe
- 7.4.1. Europe: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.4.2. Europe: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.3. Carob Powder Market - UK
- 7.4.3.1. UK: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.4. Carob Powder Market - France
- 7.4.4.1. France: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.4.4.2. France: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.5. Carob Powder Market - Germany
- 7.4.5.1. Germany: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.6. Carob Powder Market - Italy
- 7.4.6.1. Italy: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.7. Carob Powder Market - Spain
- 7.4.7.1. Spain: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.8. Carob Powder Market - Netherlands
- 7.4.8.1. Netherlands: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.9. Carob Powder Market - Russia
- 7.4.9.1. Russia: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.5. Carob Powder Market - Asia Pacific
- 7.5.1. Asia Pacific: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.3. Carob Powder Market - China
- 7.5.3.1. China: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.5.3.2. China: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.4. Carob Powder Market - India
- 7.5.4.1. India: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.5.4.2. India: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.5. Carob Powder Market - Malaysia
- 7.5.5.1. Malaysia: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.6. Carob Powder Market - Japan
- 7.5.6.1. Japan: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.7. Carob Powder Market - Indonesia
- 7.5.7.1. Indonesia: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.8. Carob Powder Market - South Korea
- 7.5.8.1. South Korea: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.6. Carob Powder Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.3. Carob Powder Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.4. Carob Powder Market - UAE
- 7.6.4.1. UAE: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.5. Carob Powder Market - Israel
- 7.6.5.1. Israel: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.6. Carob Powder Market - South Africa
- 7.6.6.1. South Africa: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.7. Carob Powder Market - Latin America
- 7.7.1. Latin America: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.3. Carob Powder Market - Mexico
- 7.7.3.1. Mexico: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.4. Carob Powder Market - Brazil
- 7.7.4.1. Brazil: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.5. Carob Powder Market - Argentina
- 7.7.5.1. Argentina: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Creta Carob
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Terra Soul Superfood
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Biofair
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Australian Carbo Co
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Barry Farm Foods
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Frontier Co-op
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Now Foods
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Clif Bar
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Nestle
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
Product Code: PM3451
List of Tables
- Table 1 Global Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 2 Global Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 3 Carob Powder Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 5 North America: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 7 U.S.: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 8 Canada: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 9 Canada: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 10 Europe: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 11 Europe: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 12 UK: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 13 UK: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 14 France: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 15 France: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 16 Germany: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 17 Germany: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 18 Italy: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 19 Italy: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 20 Spain: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 21 Spain: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 23 Netherlands: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 24 Russia: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 25 Russia: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 28 China: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 29 China: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 30 India: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 31 India: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 33 Malaysia: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 34 Japan: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 35 Japan: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 37 Indonesia: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 39 South Korea: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 44 UAE: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 45 UAE: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 46 Israel: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 47 Israel: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 49 South Africa: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 51 Latin America: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 53 Mexico: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 55 Brazil: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Carob Powder Market, by Sales Channel, 2019-2032 (USD Billion)
- Table 57 Argentina: Carob Powder Market, by Product Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Carob Powder Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Sales Channel
- Figure 7 Global Carob Powder Market, by Sales Channel, 2022 & 2032 (USD Billion)
- Figure 8 Market by Product Type
- Figure 9 Global Carob Powder Market, by Product Type, 2022 & 2032 (USD Billion)
- Figure 10 Carob Powder Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Carob Powder Market
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