Report ID : AMR1005043 | Industries : Consumer Goods | Published On :January 2024 | Page Count : 218
Global Carob Powder Market Size, Share & Trends Analysis Report, By Product (Natural, Organic) By Application (B2B (Bakery, Confectionary, Others), B2C) and By Region, And Segment Forecasts, Till – 2030.
Market Overview
According to Analytical Market Research, the global Carob Powder market estimated at USD 55.87 million in 2022 and will expand at a compound annual growth rate (CAGR) of 4.38% from 2023 to 2030. Carob powder is excellent for people with allergies or dietary restrictions because it is devoid of common allergens like dairy, soy, and nuts. It is also a well-liked option for vegans looking to avoid using cocoa powder, which is made from cacao beans.
Carob Powder Market Dynamics: Key Drivers & Restraints
Increase in demand for healthier food.
Demand for better food options is rising as people become more conscious of their health and well-being. As carob powder is naturally sweet, low in fat, and contains no caffeine, it is frequently thought of as a healthier option to cocoa powder. It has a high fiber content and is devoid of gluten. It is also utilized in the pet food, baking, and confectionery industries due to its naturally sweet flavor and high dietary fiber content.
High cost of production
The carob powder market faces several significant restraints. The high cost of production, driven by the slow growth & warm climate requirements of carob trees, poses a challenge that could hamper market growth, as some companies might be hesitant to invest in costly production processes.
How are Segments Performing in the Global Carob Powder Market?
Carob Powder Product Segment Breakdown
According to Analytical Market Research, the Carob Powder market by Product is segmented into Natural, and Organic.
Carob Powder Application Segment Breakdown
According to Analytical Market Research, based on Application, the market is bifurcated into B2B (Bakery, Confectionary, Others), B2C.
Carob Powder Geographic Exploration
According to Analytical Market Research, the Europe region is predicted to dominate the market due to the growing consumer interest in healthier alternatives to chocolate. Other regions competing in the market are North America, Europe, Middle East and Africa and Latin America respectively.
Noticeable Players Functioning in The Global Carob Powder Market Include:
• Healthworks
• Eurl Ouasdi International
• Jedwards International, Inc.
• Ingredients UK
• NOW Foods
• OliveNation
• Chatfield’s
• Frontier Co-op.
• The Carob Kitchen
• THE AUSTRALIAN CAROB CO.
KEY BREAKDOWN: Carob Powder Market
By Product
• Natural
• Organic
By Application
• B2B
o Bakery
o Confectionary
o Others
• B2C
Geographical Exploration:
• North America
o The USA
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Southeast Asia
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of Latin America
• Middle East and Africa
o GCC Countries
o South Africa
o Rest of MEA
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1. Research Methodology
1.1. Global Carob Powder Market Snapshot, 2023 and 2030
1.2. Data Mining
1.3. Validation
1.4. Primary Interviews
1.5. List of Data Sources
1.6. Future Market Projections
1.7. Industry Developments and Key Market Events
2. Executive Summary
3. Market Overview
3.1. Market Scope and Definition
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunity
3.2.4. Challenges
3.2.5. Cumulative Impact due to Recent Energy Crisis
3.2.6. Cumulative Impact due to Nearing Economic Downturn
3.2.7. Post Covid-19 World Supply & Demand Conditions
3.2.8. Cumulative Impact of Russia-Ukraine Conflict
3.2.9. Key Trends
3.3. Carob Powder Market: Value Chain
3.3.1. List of Product Supplier
3.3.2. List of Manufacturers
3.3.3. List of Applications
3.4. Porter Five Force’s Analysis
3.5. Regulatory and Technology Landscape
4. Global Carob Powder Market Outlook: Forecast (2023 – 2030)
4.1. Key Highlights
4.1.1. Market Size and Y-o-Y Growth
4.1.2. Absolute $ Opportunity
4.2. Market Size (US$ Mn) Analysis and Forecast
4.2.1. Current Market Size Forecast, 2023–2030
4.3. Global Carob Powder Market Outlook: Product
4.3.1. Introduction / Key Findings
4.3.2. Market Size (US$ Mn) and Forecast Product, 2023 – 2030
4.3.2.1. Natural
4.3.2.2. Organic
4.4. Global Carob Powder Market Outlook: Application
4.4.1. Introduction / Key Findings
4.4.2. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
4.4.2.1.1. B2B
4.4.2.1.1.1. Bakery
4.4.2.1.1.2. Confectionary
4.4.2.1.1.3. Others
4.4.2.1.2. B2C
5. Global Carob Powder Market Outlook: Region
5.1. Key Highlights
5.2. Market Size (US$ Mn) and Forecast By Region, 2023 – 2030
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Latin America
5.2.5. Middle East & Africa (MEA)
6. North America Carob Powder Market Outlook: Forecast (2023 – 2030)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2022
6.3.1. By Country
6.3.2. By Product
6.3.3. By Application
6.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
6.4.1. U.S.
6.4.2. Canada
6.4.3. Mexico
6.5. Market Size (US$ Mn) and Forecast By Product, 2023 – 2030
6.5.1. Natural
6.5.2. Organic
6.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
6.6.1. B2B
6.6.1.1. Bakery
6.6.1.2. Confectionary
6.6.1.3. Others
6.6.2. B2C
7. Europe Carob Powder Market Outlook: Forecast (2023 – 2030)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
7.3.1. By Country
7.3.2. By Product
7.3.3. By Application
7.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Russia
7.4.5. Italy
7.4.6. Spain
7.4.7. Rest of Europe
7.5. Market Size (US$ Mn) and Forecast By Product, 2023 – 2030
7.5.1. Natural
7.5.2. Organic
7.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
7.6.1. B2B
7.6.1.1. Bakery
7.6.1.2. Confectionary
7.6.1.3. Others
7.6.2. B2C
8. Asia Pacific Carob Powder Market Outlook: Forecast (2023 – 2030)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
8.3.1. By Country
8.3.2. By Product
8.3.3. By Application
8.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. New Zealand
8.4.7. Singapore
8.4.8. Malaysia
8.4.9. Rest of Asia
8.5. Market Size (US$ Mn) and Forecast By Product, 2023 – 2030
8.5.1. Natural
8.5.2. Organic
8.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
8.6.1. B2B
8.6.1.1. Bakery
8.6.1.2. Confectionary
8.6.1.3. Others
8.6.2. B2C
9. Latin America Carob Powder Market Outlook: Forecast (2023 – 2030)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
9.3.1. By Country
9.3.2. By Product
9.3.3. By Application
9.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Colombia
9.4.4. Peru
9.4.5. Chile
9.4.6. Venezuela
9.4.7. Rest of Latin America
9.5. Market Size (US$ Mn) and Forecast By Product, 2023 – 2030
9.5.1. Natural
9.5.2. Organic
9.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
9.6.1. B2B
9.6.1.1. Bakery
9.6.1.2. Confectionary
9.6.1.3. Others
9.6.2. B2C
10. Middle East & Africa Carob Powder Market Outlook: Forecast (2023 – 2030)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2023 – 2030
10.3.1. By Country
10.3.2. By Product
10.3.3. By Application
10.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
10.4.1. Saudi Arabia
10.4.2. UAE
10.4.3. Egypt
10.4.4. Kuwait
10.4.5. South Africa
10.4.6. Rest of Middle East & Africa
10.5. Market Size (US$ Mn) and Forecast By Product, 2023 – 2030
10.5.1. Natural
10.5.2. Organic
10.6. Market Size (US$ Mn) and Forecast By Application, 2023 – 2030
10.6.1. B2B
10.6.1.1. Bakery
10.6.1.2. Confectionary
10.6.1.3. Others
10.6.2. B2C
11. Competition Analysis
11.1. Market Share Analysis Of Top Vendors
11.2. Market Structure
11.2.1. Competition Intensity Mapping By Market
11.2.2. Competition Dashboard
11.2.3. Key Development Strategies
11.3. Company Profiles
11.3.1. Healthworks
11.3.1.1. Overview
11.3.1.2. Offerings
11.3.1.3. Business Segment & Geographic Overview
11.3.1.4. Key Financials
11.3.1.5. Key Market Developments
11.3.1.6. Key Market Strategy
11.3.2. Eurl Ouasdi International
11.3.3. Jedwards International, Inc.
11.3.4. Ingredients UK
11.3.5. NOW Foods
11.3.6. OliveNation
11.3.7. Chatfield’s
11.3.8. Frontier Co-op.
11.3.9. The Carob Kitchen
11.3.10. THE AUSTRALIAN CAROB CO.
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