Carob (Ceratonia siliqua) is a native plant in the eastern Mediterranean, especially in the Middle East. Carob is also known as locust bean and is mainly grown for its edible pods in the mostly Mediterranean region, which includes Southern Europe, Northern Africa, and the Canary Islands. Carob powder is also used as a substitute for cocoa powder in a variety of baking products. Carob-based bars are eaten as an alternative to chocolate-based bars worldwide.
MARKET DYNAMICS
The growing demand for bakery products and the convenience food are the global factors driving the demand for the carob market. Increased opportunities in the bakery and confectionery sector are also another factor driving the carob demand, along with an increase in the production of carob. Carob is also used to treat diarrhea, cancer, cholesterol-lowering, and is one of the factors driving the global carob market. Carob does not contain theobromine and caffeine (which is intolerance to certain animals) and is therefore commonly used in chocolate-flavored pet food for dogs and other animals. As a result, the global carob market is projected to see robust growth over the forecast period.
MARKET SCOPE
The "Global Carob powder Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the carob powder market with detailed market segmentation by product, application and geography. The global carob powder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading carob powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global carob powder market is segmented on the basis of product and application. On the basis of product the global carob powder market is segmented into organic and natural. Based on application the global carob powder market is segmented into bakery, confectionery and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global carob powder market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The carob powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the carob powder market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the carob powder market in these regions.
MARKET PLAYERS
The reports cover key developments in the carob powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from carob powder market are anticipated to lucrative growth opportunities in the future with the rising demand for carob powder in the global market. Below mentioned is the list of few companies engaged in the carob powder market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the carob powder market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- THE AUSTRALIAN CAROB CO.
- The Carob Kitchen
- Frontier Co-op.
- Oak Haven Inc.
- Barry Farm Foods
- NOW Foods
- Ingredients UK Ltd.
- Jedwards International, Inc.
- OUASDI INTERNATIONAL
- Alpine Herb Company Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.