Global Carob Powder Market
Dublin, Oct. 25, 2023 (GLOBE NEWSWIRE) — The “Carob Powder Market Size, Share & Trends Analysis Report By Application, By Product, By Region and Segment Forecasts, 2023 – 2030” report has been added to ResearchAndMarkets.com’s providing.
The international carob powder market dimension is predicted to succeed in USD 75,101.5 thousand in 2030 and is anticipated to register a CAGR of 4.2% from 2023 to 2030. There is a rising demand for more healthy meals choices owing to rising well being and wellness consciousness.
As carob powder is of course candy, low in fats, and freed from caffeine, it’s thought of a more healthy various to cocoa powder. In addition, it’s fiber-rich and gluten-free. It is used within the bakery, confectionery, and pet meals industries because of its naturally candy taste and excessive dietary fiber content material. These elements are driving the worldwide market development. The pure product section held the main share of the market in 2022. The widespread use, reputation, and accessibility of pure carob powder, particularly used as a key ingredient in chocolate, are the elements driving market development.
Furthermore, pure carob powder is cheap and simply available, which additionally contributes to the trade’s development. In addition, the desire of shoppers for plant-based or vegan meals substances has boosted product demand. It is constituted of the carob tree as a pure substitute for cocoa powder. These elements are driving the expansion of the section. The B2B section held the biggest income share in 2022. The rising product utilization in confectionery and pastry items, in addition to in sauces, spreads, drinks, and different merchandise, is contributing to the expansion of the section. The growth of premium artisanal merchandise and nutritious baked items has elevated the spending amongst trade individuals over the previous a number of years, resulting in an increase within the worldwide bakery market.
Therefore, it’s anticipated that the product will probably be helpful as a purposeful part within the creation of those baked objects. In phrases of area, Europe held a major share of the market in 2022. Europe is among the many world’s largest shoppers of baked items and goodies. In addition, clients are gravitating an increasing number of towards plant-based or plant-derived merchandise owing to the growing vegan inhabitants. This, in flip, is boosting the demand for carob powder in Europe. Moreover, with the rising reputation of vegan and plant-based diets in Europe, the product has gained consideration as an appropriate ingredient. Key gamers undertake numerous methods, reminiscent of partnerships, M&A, and international expansions, to achieve larger trade share.
Carob Powder Market Report Highlights
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Asia Pacific is predicted to develop on the quickest CAGR over the forecast interval. The rising prevalence of diabetes in nations like India and China is predicted to vary shopper preferences towards sugar-free choices, which might increase the product enchantment
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The natural product section is estimated to develop on the quickest CAGR over the forecast interval. The demand for natural items has elevated with the rising consciousness about well being and wellness, thus driving the demand for natural carob powder
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The B2C section is anticipated to develop on the quickest CAGR over the forecast interval. The growing pattern of at-home baking amongst shoppers to achieve most dietary advantages is leading to elevated product utilization. This, in flip, is driving the section development
Key Attributes:
|
Report Attribute |
Details |
|
No. of Pages |
80 |
|
Forecast Period |
2022 – 2030 |
|
Estimated Market Value (USD) in 2022 |
$53929 thousand |
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Forecasted Market Value (USD) by 2030 |
$75101.5 thousand |
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Compound Annual Growth Rate |
4.2% |
|
Regions Covered |
Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Application Outlook
2.4. Regional Outlook
Chapter 3. Carob Powder Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.4. Business Environment Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Carob Powder Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2022 & 2030
5.2. Natural
5.3. Organic
Chapter 6. Carob Powder Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2022 & 2030
6.2. B2B
6.2.2. Bakery
6.2.3. Confectionary
6.2.4. Others
6.3. B2C
Chapter 7. Carob Powder Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Analysis
8.1. Key international gamers, recent developments & their impression on the trade
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging gamers)
8.3. Vendor Landscape
8.3.1. Key firm market share evaluation, 2022
Chapter 9. Company Profiles
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The Australian Carob Co.
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The Carob Kitchen
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Frontier Co-op.
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Chatfield’s
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OliveNation
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NOW Foods
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Ingredients UK
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Jedwards International, Inc.
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Eurl Ouasdi International
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Healthworks
For extra details about this report go to https://www.researchandmarkets.com/r/w7kct0
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