The global carob market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). 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 – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• 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.
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Global Carob Market Report Segment
By Product Type
• Gum
• Powder
By Application
• Bakery & Confectionery
• Nutrition & Supplements
• Dairy Product
• Pharmaceuticals
• Other (Cereals and Snacks)
Global 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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