Carob Market Research Report: Information By Category (Conventional, Organic) Form (Powder, Gum, Others), Application (Bakery & Confectionery, Dairy Products, Snacks, Others), & Region (North America, Europe, Asia-Pacific, RoW)—Forecast 2027

ID: VPR/F&B/1161 Publishing Year: January 2022 Pages: 119 Format:   


Carob Market Overview:

Carob (Ceratonia siliqua) is a Mediterranean plant endemic to the eastern Mediterranean, particularly the Middle East. Carob, also known as locust bean, is largely grown for its edible pods in the Mediterranean region, particularly in Southern Europe, Northern Africa, and the Canary Islands. Carob powder is frequently used as a cocoa powder alternative in a variety of bread goods. Carob-based bars are used as a substitute for chocolate-based bars all over the world. Carob is often used in chocolate-flavored pet food for dogs and other animals because it does not contain caffeine or theobromine (which some animals cannot tolerate). Carob pod meal is frequently utilised as a high-energy food for cattle, especially ruminants. Carob is used in the food business as a thickening ingredient, gelling agent, stabilising agent, and as a low-calorie meal substitute. Carob is fat-free, high in pectin, and has a high protein content. Carob is largely utilised in the confectionery and pastry industries, as well as a range of beverages. Carob is also used to make flour, molasses, and as a coffee replacement.

Key Players:

Some of the key players are Australian Carobs pty ltd in Australia, Tate, and Lyke of United Kingdom, DuPont of United States, Starvos Papis Food ltd of Cyprus, Altrafine Gums of India, Pedro Perez of Spain, Savvy Carob Co ltd of United Kingdom, AEP Colloids of United States, TIC Gums Inc. of United States are some of the major competitors of the market.

Market Drivers:

The most important driving factor in the carob market is awareness of Carob as a healthier alternative to cocoa powder. Guar gum, which is very similar to carob gum, contains unique qualities that aid in the growth of Carob Trees. These Carobs are caffeine-free, making them ideal for caffeine-intolerant people. Carob powder is a nutritious fibre that is increasingly being utilised in bakeries, confectioneries, and as a natural taste, boosting the Carob Industry's Worth.

Opportunities:

The market's growth prospects might be boosted by a range of sectors and applications. Regionally, volume production of carob items increases expansion prospects. Strategic planning for increased demand propels the company to the top.

Market Segmentation:

The Worldwide Carob Market is divided into organic and conventional segments based on category.

The Worldwide Carob Market is divided into solid and liquid segments based on shape.

The market is divided into bakery and confectionery, dairy and frozen desserts, drinks, RTE and RTC meals, and others based on distribution channel.

Regional Analysis:

North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and the Middle East and Africa are the primary regions in which the Worldwide Carob Industry is divided. Globally, Europe has established itself as the leading region in the Global Carob Market, followed by Asia Pacific. Increased demand for carob powder in various baking and confectionery goods has boosted the Global Carob Market's Growth and is expected to significantly increase the market's revenue contribution during the forecast period.

Covid-19 Impact:

COVID-19's global pandemic has had major ramifications across all economic sectors. The pandemic has produced a medical emergency all around the world, which has increased demand for food, sanitary products, and medicinal products. People are more likely to consume safe, dependable, and healthful foods in the COVID-19 scenario. As a result, sales of traditional, nutritious, and staple foods have soared. During the pandemic, demand for frozen non-vegetarian food, fruits and vegetables, eggs, pulses, wheat, and whole grains has increased. However, the sale of packaged and processed foods, coffee, pastries, milkshakes, sweets, chocolates, cheese, and other bakery products has decreased, lowering demand for Carob in these industries. Furthermore, the lockdown situation in several nations has affected carob product production and delivery. Consumer purchasing habits may be permanently altered as a result of COVID-19. In order to recover, businesses must have a solid sales strategy. They may need to implement an e-commerce platform and an omnichannel supply chain.

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