Carob Powder Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2031
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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Powder Market: https://www.omrglobal.com/request-sample/carob-powder-market
•
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
A full Report of Carob Powder Market is Available @ https://www.omrglobal.com/industry-reports/carob-powder-market
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
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AEP Colloids
·
Alpine Herb Company Inc.
·
Altrafine Gums
·
Auroduna Americas (EURODUNA Rohstoffe GmbH)
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THE AUSTRALIAN CAROB CO.
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Bob's Red Mill Natural Foods, Inc.
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BulkFoods.com
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Carob S.A.
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Chatfield's (Panos Brands)
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Mondelez Global Direct Inc.
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Country Life Natural Foods
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Cretacarob
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CyberColloids
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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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