Market Overview

The global carob market was reached to the USD 676.89 million with a CAGR of 4.55% from 2022 to 2028 during the forecast period. The carob industry or market was derived from the carob trees which are found in the Mediterranean regions such as Southern Europe, Northern Africa, and Mediterranean islands. There was a remarkable increase in the production of carob. The carob fruit was represented by a brown color pea pod which contains seeds and flesh.

These foods and pulp are used as thickeners, stabilizers and natural sweetners and fruit carob production show the fluctuation during the analysis period. The leading players and segments help in the reduction of the time and carry entry level research by identifying the growth. The carob industry analysis provides the depth study about the food and beverages market and also focus on the growth of carob industry trends.

There was a great impact in the covid 19 pandemic on the carob market research and also decrease the growth of the carob industry. The carob market industry was hampered globally in food sector and various bakeries, beverage servings, etc. The most important driving factor was the awareness about the carob market where the carob was the healthy ingredient for the cocoa powder. The guar gum carobs are free from caffeine. Carob market size powder was a dietary fiber which was used in bakery, confectionary and add as a natural flavor which help in propelling the value of carob industry.

The production of the carob items increases the opportunities in the carob market. The carob market was affected by the presence of unskilled labor, high price of powder and presence of raw materials at limited rate. The demand of the market was boost by the use of the carob powder for the treatment of cancer, diarrhea and decreasing the cholesterol level. There was an increase in the growth of the carob industry with the use of carob in the food and beverage industry.

The demand of the carob market was decreased by the less availability of carob powder, its increased costs in the market and decrease in the availability of substituents like cocoa beans and powder.

Market Segmentation

The global carob market was segmented on the basis of region, application, form and distribution channel.

On the basis of category, the global carob market was divided into organic and conventional.

On the basis of form, the global carob market overview was divided into solid and liquid.

On the basis of distribution channel, the global carob market was divided into bakery, confectionary, dairy products, desserts, beverages, etc.

Regional Classification

The global key carob market players  was spread in the following regions – North America includes United States, Canada and Mexico; Europe includes United Kingdom (UK), France, Germany, Italy and Spain; Asia Pacific includes China, India, Australia and New Zealand; Middle East and Africa.

Industry News

The key players which are involved in the global carob market are – Australian Carobs pty ltd, Tate and Lyke of United Kingdom, DuPont of United States, Starvos Papis Food ltd of Cyprus, Altrafine Gums of India and Pedro Perez of Spain.

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