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.
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.
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• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
Segment Covered-
• By Application
Regions Covered-
• North America
• Europe
• Asia-Pacific
• Rest of the World
Competitive Landscape- includesIngredion, Tate & Lyle plc, The Hain Celestial Group, Inc., Nestle., THE AUSTRALIAN CAROB CO., and others.
Carob Powder Market Report Segment
By Application
• Food and beverages
• Pharmaceuticals
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Carob Powder Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
· AEP Colloids
· Alpine Herb Company Inc.
· Altrafine Gums
· Auroduna Americas (EURODUNA Rohstoffe GmbH)
· THE AUSTRALIAN CAROB CO.
· Bob's Red Mill Natural Foods, Inc.
· BulkFoods.com
· Carob S.A.
· Chatfield's (Panos Brands)
· Mondelez Global Direct Inc.
· Country Life Natural Foods
· Cretacarob
· CyberColloids
· EurlOuasdi International (Carob Algeria)
· Forest Whole Foods (Forest Whole Foods Ltd.)
· Frontier Co-op
· Healthworks
· INDUSTRIAS RALDA S.A.
· Ingredients UK
· Jedwards International, Inc.
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