Growing Adoption to Fuel the Global Carob Powder Market Expansion

Carob powder market is anticipated to grow at a considerable CAGR of 9.6% during the forecast period (2024-2031). The increasing preference for natural and nutritious alternatives like carob powder, renowned for its low-fat content, absence of caffeine, and high-fibre content has driven its adoption among bakers. Additionally, the rising popularity of vegan and plant-based diets has propelled the demand for carob powder as a suitable substitute for cocoa powder in various food and beverage applications and also the expansion of the food and beverage industry, coupled with ongoing product innovation.

Browse the full report description of “Carob Powder Market Size, Share & Trends Analysis Report by Application (Food and beverages and Pharmaceuticals)Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/carob-powder-market

For instance, in 2023, NOW Foods unveiled a novel line of carob powder products tailored for baking purposes, offering selections like Dutch-processed carob powder to enhance the chocolate flavour profile.

Further, in September 2021, Creta Carob, a prominent manufacturer of carob-based goods, disclosed the augmentation of its production capabilities through the inauguration of a new carob processing facility. This expansion has notably elevated the output of carob powder and other associated products.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Application

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- includesIngredion, Tate & Lyle plc, The Hain Celestial Group, Inc., Nestle., THE AUSTRALIAN CAROB CO., and others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Carob Powder Market Report Segment

By Application

• Food and beverages 
• Pharmaceuticals

Global Carob Powder Market Report Segment by Region

North America

• United States

• Canada

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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