Carob Market to Reach $384.88 Million by 2030, Allied Market Research Reports

Carob Market

The carob market is projected to grow at a CAGR of 6.2%, driven by rising consumer awareness of nutritional benefits.

WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, July 10, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Carob Market¹ by Type, Application and Distribution channel: Global Opportunity Analysis and Industry Forecast, 2021-2030,” The carob market size is expected to reach $384,882.3 thousand by 2030, registering a CAGR of 6.2% from 2021 to 2030.

📍 𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/A12384

𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐎𝐟𝐟𝐞𝐫 𝐀𝐥𝐞𝐫𝐭! 🚀 𝐆𝐞𝐭 𝐚 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐍𝐞𝐱𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞! 𝐁𝐮𝐲 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐥𝐢𝐦𝐢𝐭𝐞𝐝-𝐭𝐢𝐦𝐞 𝐨𝐟𝐟𝐞𝐫. 🛍️

The increasing awareness about healthy food with more nutritional values and rising consumer awareness is leading to the growing demand for convenience & functional food, which is further driving the carob market. The carob is a pod of a tree especially found in the Middle East countries, the rip pods have sweet pulp that is then dried, roasted, and then crush into powder which look-alike cocoa powder. Carob powder is produced by deseeding of carob pods, yielding of kibbled carob, followed by roasting and milling of the kibbled carob.

The global carob market is witnessing growth due to increasing consumer awareness about healthy, nutritional food and a rising demand for convenience and functional food products. Carob, derived from the pods of a tree found in the Middle East, is processed into powder with properties resembling cocoa powder. Carob powder serves as a natural sweetener and finds applications in various industries, including bakery, confectionery, pharmaceuticals, and more.

Carob powder is used as a natural sweetener in baked goods owing to its sweet, no fat content and has a unique taste. Furthermore, carob is low in sodium, it contains calcium, but no oxalates, high in fiber, a good source of antioxidants, caffeine-free making carob popular in the pharmaceuticals industry. The carob powder is used as a sprinkle on yogurt or ice cream, as carob drink, creamy carob pudding, and candy bars among others. Carob with a protein content of more than 95% protein isolate, also with a well-balanced amino acid composition, can be an attractive ingredient for use in human dietary food processing. Carob protein is also used as thickening & stabilizing agent, and gelling agent in the food industry.

📍 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

💡𝗛𝗲𝗮𝗹𝘁𝗵 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀
Growing awareness about healthy food choices and nutritional values is driving the demand for convenience and functional foods, where carob serves as a natural sweetener with unique taste and health benefits.

💡𝗙𝘂𝗻𝗰𝘁𝗶𝗼𝗻𝗮𝗹 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀
Carob is low in sodium, high in fiber, contains calcium, and is caffeine-free, making it a popular choice in the pharmaceutical industry and a sought-after ingredient for various food products.

💡𝗨𝘀𝗮𝗴𝗲 𝗶𝗻 𝗣𝗵𝗮𝗿𝗺𝗮𝗰𝗲𝘂𝘁𝗶𝗰𝗮𝗹𝘀
The medicinal values of carob, including glycemic control, cholesterol reduction, and anticancer effects, have attracted the pharmaceutical industry to incorporate carob into medicines.

📍 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 : https://www.alliedmarketresearch.com/purchase-enquiry/A12384

📍 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

💡𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗧𝘆𝗽𝗲
Powder, gum, and others. The powder segment dominates the market due to carob's use as an alternative to cocoa powder in various applications.

💡𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻
Bakery and confectionery, nutrition and supplements, dairy products, pharmaceuticals, and others. Pharmaceuticals segment shows significant growth due to the medicinal values of carob.

💡𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹
Online retail, retail stores, online B2B, and B2B direct supply. Online retail experiences high CAGR growth, attributed to easy availability, information accessibility, time-saving, and home delivery benefits.

💡𝗥𝗲𝗴𝗶𝗼𝗻
North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to witness substantial growth due to health concerns related to artificial sweeteners and increased usage of carob in the food industry.

📍 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬:

💡𝗣𝗼𝘄𝗱𝗲𝗿 𝗦𝗲𝗴𝗺𝗲𝗻𝘁
The powder segment is estimated to reach $114,127.6 thousand by 2030, with a CAGR of 7.2%. Carob powder's natural sweetness, absence of fats, low sodium, and gluten-free nature contribute to its popularity.

💡𝗣𝗵𝗮𝗿𝗺𝗮𝗰𝗲𝘂𝘁𝗶𝗰𝗮𝗹𝘀 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻
The pharmaceuticals segment is estimated to reach $31,271.0 thousand by 2030, at a CAGR of 7.9%. Carob's medicinal values make it attractive for addressing health issues and producing medicines.

💡𝗢𝗻𝗹𝗶𝗻𝗲 𝗥𝗲𝘁𝗮𝗶𝗹
The online retail segment is expected to reach $68,852.9 thousand during the forecast period, experiencing the highest CAGR. Increased consumer reach, information availability, and online offers contribute to the growth of online retail.

💡𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤
Asia-Pacific: The region is expected to grow at a CAGR of 5.9%, driven by rising health concerns, the demand for natural sweeteners, and increased usage of carob in various food products.

📍 𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 @ https://www.alliedmarketresearch.com/request-for-customization/A12384

💡𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫's

⦁ Altrafine Gums
⦁ Pedro Perez
⦁ Savvy Carob Co. Ltd.
⦁ DuPont Carob S.A.
⦁ Stavros Parpis Foods Ltd.
⦁ AEP Colloids
⦁ TIC Gums Inc.
⦁ Australian Carobs Pvt Ltd.
⦁ Tate & Lyle.

📍 𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬! 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐓𝐢𝐦𝐞 𝐎𝐟𝐟𝐞𝐫: 𝐌𝐚𝐲 𝟐𝟎𝟐𝟒 - 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟒 : https://www.alliedmarketresearch.com/checkout-final/8b19b6ad0b83f7389278c443a03def00

📝 𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

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¹ https://www.alliedmarketresearch.com/carob-market-A12384