The global Carob Powder market size is expected to reach USD 101.54 Million by 2032, according to a new study by Polaris Market Research. The report “Carob Powder Market Share, Size, Trends, Industry Analysis Report, By Product Type (Organic Carob Powder and Natural Carob Powder); By Sales Channel; By Region; Segment Forecast, 2023-2032” gives a detailed insight into the current market dynamics and provides analysis on future market growth.
Carob powder is a popular natural ingredient used as a substitute for cocoa powder, which contains caffeine and theobromine, which can cause health problems for some individuals. Carob powder is a healthier alternative, being caffeine-free and low in fat, and is therefore becoming increasingly popular in the health and wellness industry. With more people adopting vegan and plant-based diets, there is a rising demand for plant-based alternatives to traditional animal-derived ingredients. Carob powder is a vegan-friendly ingredient that can be used in various recipes, from baking to hot drinks. It is mainly produced in arid desert places. Caron powder is mainly produced in Spain, Morocco, Italy, and a few Asian countries. It is frequently used in the local delicacies and has been an important part of the Mediterranean diet for centuries.
Carob trees are a sustainable crop that can grow in arid regions, making it an environmentally friendly option. Additionally, the carob industry provides employment opportunities for rural communities, making it an ethical choice for consumers who are conscious of their purchases' social and environmental impact. Carob powder is a rich source of fiber, antioxidants, and minerals such as calcium and magnesium, which makes it a popular ingredient in functional food and beverage products. These products are marketed as providing health benefits beyond basic nutrition, such as improved digestive health and reduced risk of chronic diseases.
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Carob powder is used in various food and beverage products, including baked goods, confectionery, and hot drinks. The versatility of carob powder and its naturally sweet taste makes it an attractive ingredient for food manufacturers, driving demand. Carob powder is high in insoluble fiber, which can help promote digestive health by adding bulk to stools and preventing constipation. It is also rich in polyphenols, which have antioxidant properties and can help protect against chronic diseases such as cancer, heart disease, and diabetes.
Carob Powder Market Report Highlights
Polaris Market Research has segmented the Carob Powder market report based on product type, sales channel, and region:
Carob Powder, Product Type Outlook (Revenue - USD Million, 2019 - 2032)
Carob Powder, Sales Channel Outlook (Revenue - USD Million, 2019 - 2032)
Carob Powder, Regional Outlook (Revenue - USD Million, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 59.95 million |
Revenue forecast in 2032 |
USD 101.54 million |
CAGR |
6.0% from 2023 – 2032 |
Base year |
2022 |
Historical data |
2019 – 2021 |
Forecast period |
2023 – 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
Segments covered |
By Product Type, By Sales Channel, By Region |
Regional scope |
North America, Latin America, Europe, Middle East & Africa, Asia Pacific |
Key companies |
Creta Carob; Terra Soul Superfood; Biofair; The Australian Carbo Co.; Barry Farm foods; Frontier Co-op; Now Foods; Clif Bar; Nestle. |
For Specific Research Requirements |