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2021
Carob Market

Carob Market by Product Type (Powder, Gum, and Others), and Application (Bakery and Confectionery, Nutrition and Supplements, Dairy products. Pharmaceuticals and Others) Distribution Channel (Online retail, Retail Stores, Online B2B and B2B Direct Supply): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12384
Pages: 297
Aug 2021 | 320 Views
   
Author(s) : Anil Kamble , Roshan Deshmukh
Tables: 130
Charts: 61
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The carob market size was valued at $198,363.8 thousand in 2020 and is estimated to reach $384,882.3 thousand by 2030, registering a CAGR of 6.2 from 2021 to 2030.          

Carob (Ceratonia siliqua) is a flowering evergreen tree from the family of legumes, fabaceae. It is widely cultivated in gardens and landscapes for its edible pods, and as an ornamental plant. The carob plant is found in the Mediterranean and Middle East regions. The mature, dry, and often toasted pod is sometimes ground into carob powder, often used as a replacement for cocoa powder. In health food stores, carob bars are found as an alternative to chocolate bars, as well as carob chips as an alternative to chocolate chips, and carob treats are often available. Carob pods are naturally sweet in flavor, not bitter, and do not have caffeine or theobromine. The global carob market has experienced a significant growth, and is expected to grow considerably in the next few years.

Carob-Market-2021-2030

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Carob powder has been gaining significant traction in consumer market as it is high in calcium, fiber, and protein, and thus boasts various health benefits. It is considered to be vegan, gluten-free, caffeine-free, and naturally sweet, which eliminates the need to fortify it with sugar. Carob gaining major popularity among health conscious consumers as it is high in fiber, no fat and low cholesterol. 

Carob powder has no sodium. It’s a great option for people following a low-sodium diet. Consumption of high sodium may increase risk of high blood pressure, heart attack, stroke, osteoporosis and kidney problems. For instance, According to the Mayo Clinic, the average American gets 3,400 mg of sodium daily. This is much more than the recommended dietary allowance (RDA) of 2,300 mg. The American Heart Association recommends even less, just 1,500 mg daily. Thus, carob is expected to gain significant momentum in North America market during the forecast period.  

The worldwide outbreak of COVID-19 has led to serious implications in all the economic sectors. All over the globe, the pandemic has created medical emergency due to which the demand for food items, hygiene products, and medical product market has grown. In the COVID-19 scenario, people are more inclined toward consuming safe, reliable and healthy foods. Therefore, it has increased the sales of traditional, healthy, and staple food items. The frozen non-vegetarian food, fruits & vegetables, eggs, pulses, flour and whole grains have experienced growth in the pandemic. However, packaged & processed food, coffee, pastries, milkshakes, sweets, chocolates, cheese, and other bakery products have experienced a decline in its sale due to which the demand for carob in these industries has declined. Moreover, the lockdown scenario in various countries has hampered the production and supply chain of the carob products. The consumer buying behavior may change permanently post COVID-19. Companies need to build robust sales plan for recovery. They might have to adopt e-commerce platform and omnichannel in their supply chain.

According to the carob market analysis, the carob market segmented into product type, application, distribution channel and region. On the basis of product type, the market is categorized into powder, gum, and others. By application, it is classified into bakery and confectionery, nutrition and supplements, dairy products, pharmaceuticals and others. On the basis of distribution channel, online retail, retail stores, online b2b and b2b direct supply. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Italy, Spain, Portugal, Greece, Germany, France, UK and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Turkey, Brazil, South Africa, Saudi Arabia and Rest of LAMEA).

On the basis of product type, the gum segment was the highest contributor to the carob market and is expected grow at a CAGR of 5.5% during the forecast period. Carob gum has been gaining major traction in the pharmaceutical industry owing to its medicinal benefits such as lower cholesterol level, improved blood sugar, beneficial for the treatment of gastro reflux disease, diarrhea and help to reduce colon cancer. Carob gum market is majorly driven by nutrition and supplement, bakery and confectionary industry as carob gum is an ideal alternative for the cocoa gum.

Carob Market
By Product Type

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Gum segment helds the major share of 56.2% in 2020

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According to the carob market trends, on the basis of application, the bakery and confectionery segment has gained major share in global carob market and is estimated to reach $72,756.1 thousand by 2030, at a CAGR of 5.5%.  The bakery & confectionery industry possesses high growth potential, and is anticipated to garner a remarkable position in the food processing sector. This is attributed to surge in demand for bakery & confectionery items, owing to busy lifestyle and increase in preference for fresh & ready-to-eat convenience foods comprising high nutritional values. Upsurge in consumption of bakery products, especially the packaged variety, has augmented the demand for natural food additives and flavors, thereby supplementing the growth of the global carob market.

Carob Market
By Application

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Bakery and Confectionery segment helds the major share of 36.7% in 2020

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On the basis of distribution channel, the retail stores segment was the highest contributor to the market, with $105,002.1 thousand in 2020, and is estimated to reach $190,698.7 thousand by 2030, at a CAGR of 5.5% during the forecast period.    Retail stores includes supermarket hypermarket and specialty stores focus on maximizing product sales to increase their profit margins. Supermarket and hypermarkets effectively display variety of carob products of different brands. In North America and Europe, supermarkets and hypermarkets are the most preferred retail outlets for purchase of consumer goods. Increasing urbanization, rising working class population and competitive pricing is boosting the popularity of supermarket and hypermarkets in the developed and developing region. Supermarket and hypermarket is one-stop shop for wide variety of products. Thus, easy accessibility and availability of different brands further increases the consumer base of retail stores.

                    

Carob Market
By Distribution Channel

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Retail Stores segment helds the major share of 52.9% in 2020

    

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According to the carob market opportunities. Region wise, Europe garnered a major share in product market in 2020, and is expected to maintain its dominance throughout the carob market forecast period.  The carob products market in Europe is primarily driven by high consumption of bakery & confectioneries and dairy products. Consumers in this region seek products, which contain natural ingredients and additives for preventing health issues. Moreover, increasing use of carob for pet food and other animal feed in Europe has been contributing for the growth of the carob market. The confluence of all these abovementioned facts has encouraged food & beverages as well as animal feed manufacturers to use healthy & natural additives such as stevia.

Carob Market
By Region

2030
Europe 
North America
Asia Pacific
Lamea

Europe region helds the major share of 56.3% in 2020

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The players operating in the global product market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Altrafine Gums, Pedro Perez, Savvy Carob Co. Ltd., DuPont, Carob S.A., Stavros Parpis Foods Ltd., AEP Colloids, TIC Gums Inc., Australian Carobs Pty Ltd. and Tate & Lyle.

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current trends, estimations, and dynamics of the market size from 2020-2030 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the Carob market share. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the Carob industry.

Key Market Segments  

By Product Type

  • Powder
  • Gum
  • Others 

By Application

  • Bakery and Confectionery
  • Nutrition and Supplements
  • Dairy products
  • Pharmaceuticals
  • Others

Distribution Channel

  • Online retail
  • Retail Stores
  • Online B2B
  • B2B Direct Supply

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Italy
    • Spain
    • Portugal
    • Greece
    • Germany
    • France
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Turkey
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA  
 

CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Value chain analysis
3.4.Porter’s five forces analysis
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Various application of carob in bakery and confectionery industry
3.5.1.2.Consumer preference for healthier bakery products
3.5.1.3.Change in culture & lifestyle of the emerging Asian market
3.5.2.Restraints
3.5.2.1.Availability of healthier substitutes
3.5.2.2.Stringent regulations and international quality standards
3.5.3.Opportunities
3.5.3.1.Upsurge in demand for natural sweeteners
3.5.3.2.Rise in adoption of carob for animal feed
3.5.3.3.Rapid growth of the retail sector
3.6.Market share analysis (2020)
3.6.1.By product type
3.6.2.By application
3.6.3.By distribution channel
3.6.4.By region
3.7.Pricing  analysis
3.8.Parent market analysis
3.9.Impact of COVID-19 on carob market
CHAPTER 4:CAROB MARKET, BY PRODUCT TYPE
4.1.Overview
4.1.1.Market size and forecast
4.2.Powder
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast
4.3.Gum
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast
4.4.Others
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast
CHAPTER 5:CAROB MARKET, BY APPLICATION
5.1.Overview
5.1.1.Market size and forecast
5.2.Bakery and Confectionery
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast
5.3.Nutrition and Supplements
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast
5.4.Dairy products
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast
5.5.Pharmaceuticals
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast
5.6.Others
5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast
CHAPTER 6:CAROB MARKET, BY DISTRIBUTION CHANNEL
6.1.Overview
6.1.1.Market size and forecast
6.2.Online retail
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast
6.3.Retail Stores
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast
6.4.Online B2B
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast
6.5.B2B Direct Supply
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast
CHAPTER 7:CAROB MARKET, BY REGION
7.1.Overview
7.1.1.Market size and forecast, by region
7.2.North America
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by product type
7.2.3.Market size and forecast, by application
7.2.4.Market size and forecast, by distribution channel
7.2.5.Market size and forecast, by country
7.2.5.1.U.S.
7.2.5.1.1.Market size and forecast, by product type
7.2.5.1.2.Market size and forecast, by application
7.2.5.1.3.Market size and forecast, by distribution channel
7.2.5.2.Canada
7.2.5.2.1.Market size and forecast, by product type
7.2.5.2.2.Market size and forecast, by application
7.2.5.2.3.Market size and forecast, by distribution channel
7.2.5.3.Mexico
7.2.5.3.1.Market size and forecast, by product type
7.2.5.3.2.Market size and forecast, by application
7.2.5.3.3.Market size and forecast, by distribution channel
7.3.Europe
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by product type
7.3.3.Market size and forecast, by application
7.3.4.Market size and forecast, by distribution channel
7.3.5.Market size and forecast, by country
7.3.5.1.Italy
7.3.5.1.1.Market size and forecast, by product type
7.3.5.1.2.Market size and forecast, by application
7.3.5.1.3.Market size and forecast, by distribution channel
7.3.5.2.Spain
7.3.5.2.1.Market size and forecast, by product type
7.3.5.2.2.Market size and forecast, by application
7.3.5.2.3.Market size and forecast, by distribution channel
7.3.5.3.Portugal
7.3.5.3.1.Market size and forecast, by product type
7.3.5.3.2.Market size and forecast, by application
7.3.5.3.3.Market size and forecast, by distribution channel
7.3.5.4.Greece
7.3.5.4.1.Market size and forecast, by product type
7.3.5.4.2.Market size and forecast, by application
7.3.5.4.3.Market size and forecast, by distribution channel
7.3.5.5.Germany
7.3.5.5.1.Market size and forecast, by product type
7.3.5.5.2.Market size and forecast, by application
7.3.5.5.3.Market size and forecast, by distribution channel
7.3.5.6.France
7.3.5.6.1.Market size and forecast, by product type
7.3.5.6.2.Market size and forecast, by application
7.3.5.6.3.Market size and forecast, by distribution channel
7.3.5.7.UK
7.3.5.7.1.Market size and forecast, by product type
7.3.5.7.2.Market size and forecast, by application
7.3.5.7.3.Market size and forecast, by distribution channel
7.3.5.8.Rest of Europe
7.3.5.8.1.Market size and forecast, by product type
7.3.5.8.2.Market size and forecast, by application
7.3.5.8.3.Market size and forecast, by distribution channel
7.4.Asia-Pacific
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by product type
7.4.3.Market size and forecast, by application
7.4.4.Market size and forecast, by distribution channel
7.4.5.Market size and forecast, by country
7.4.5.1.China
7.4.5.1.1.Market size and forecast, by product type
7.4.5.1.2.Market size and forecast, by application
7.4.5.1.3.Market size and forecast, by distribution channel
7.4.5.2.Japan
7.4.5.2.1.Market size and forecast, by product type
7.4.5.2.2.Market size and forecast, by application
7.4.5.2.3.Market size and forecast, by distribution channel
7.4.5.3.Australia
7.4.5.3.1.Market size and forecast, by product type
7.4.5.3.2.Market size and forecast, by application
7.4.5.3.3.Market size and forecast, by distribution channel
7.4.5.4.South Korea
7.4.5.4.1.Market size and forecast, by product type
7.4.5.4.2.Market size and forecast, by application
7.4.5.4.3.Market size and forecast, by distribution channel
7.4.5.5.Rest of Asia-Pacific
7.4.5.5.1.Market size and forecast, by product type
7.4.5.5.2.Market size and forecast, by application
7.4.5.5.3.Market size and forecast, by distribution channel
7.5.LAMEA
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by product type
7.5.3.Market size and forecast, by application
7.5.4.Market size and forecast, by distribution channel
7.5.5.Market size and forecast, by country
7.5.5.1.Turkey
7.5.5.1.1.Market size and forecast, by product type
7.5.5.1.2.Market size and forecast, by application
7.5.5.1.3.Market size and forecast, by distribution channel
7.5.5.2.Brazil
7.5.5.2.1.Market size and forecast, by product type
7.5.5.2.2.Market size and forecast, by application
7.5.5.2.3.Market size and forecast, by distribution channel
7.5.5.3.South Africa
7.5.5.3.1.Market size and forecast, by product type
7.5.5.3.2.Market size and forecast, by application
7.5.5.3.3.Market size and forecast, by distribution channel
7.5.5.4.Saudi Arabia
7.5.5.4.1.Market size and forecast, by product type
7.5.5.4.2.Market size and forecast, by application
7.5.5.4.3.Market size and forecast, by distribution channel
7.5.5.5.Rest of LAMEA
7.5.5.5.1.Market size and forecast, by product type
7.5.5.5.2.Market size and forecast, by application
7.5.5.5.3.Market size and forecast, by distribution channel
CHAPTER 8:COMPETITION LANDSCAPE
8.1.Competitive dashboard
8.2.Competitive heat map
8.3.MARKET PLAYER POSITIONING, 2020
CHAPTER 9:COMPANY PROFILES
9.1.AEP COLLOIDS
9.1.1.Company overview
9.1.2.Key executive
9.1.3.Company snapshot
9.1.4.Product portfolio
9.2.ALTRAFINE GUMS
9.2.1.Company overview
9.2.2.Key executive
9.2.3.Company snapshot
9.2.4.Product portfolio
9.3.Australian Carobs Pty Ltd.
9.3.1.Company overview
9.3.2.Key executives
9.3.3.Company snapshot
9.3.4.Product portfolio
9.3.5.Key strategic moves and developments
9.4.Carob S.A.
9.4.1.Company overview
9.4.2.Key executives
9.4.3.Company snapshot
9.4.4.Product portfolio
9.5.DUPONT
9.5.1.Company overview
9.5.2.Key executive
9.5.3.Company snapshot
9.5.4.Product portfolio
9.5.5.Business performance
9.5.6.Key strategic moves and developments
9.6.Pedro Perez
9.6.1.Company overview
9.6.2.Key executives
9.6.3.Company snapshot
9.6.4.Product portfolio
9.7.SAVVY CAROB CO. LTD.
9.7.1.Company overview
9.7.2.Key executive
9.7.3.Company snapshot
9.7.4.Product portfolio
9.8.STAVROS PARPIS FOODS LTD.
9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Product portfolio
9.9.TIC GUMS INC.
9.9.1.Company overview
9.9.2.Key executive
9.9.3.Company snapshot
9.9.4.Product portfolio
9.9.5.Key strategic moves and developments
9.10.TATE & LYLE PLC
9.10.1.Company overview
9.10.2.Key Executives
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.R&D Expenditure
9.10.7.Business performance

TABLE 01.CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 02.CAROB POWDER, 2 TABLESPOONS
TABLE 03.COMPARATIVELY LOW FAT AND SUGAR THAN CHOCOLATE
TABLE 04.CAROB POWDER MARKET, BY REGION, 2020–2030 ($THOUSAND)
TABLE 05.CAROB GUM MARKET, BY REGION, 2020–2030 ($THOUSAND)
TABLE 06.OTHERS CAROB MARKET, BY REGION, 2020–2030 ($THOUSAND)
TABLE 07.CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 08.CAROB MARKET FOR BAKERY AND CONFECTIONERY, BY REGION, 2020–2030 ($THOUSAND)
TABLE 09.CAROB MARKET FOR NUTRITION AND SUPPLEMENTS, BY REGION, 2020–2030 ($THOUSAND)
TABLE 10.CAROB MARKET FOR DAIRY PRODUCTS, BY REGION, 2020–2030 ($THOUSAND)
TABLE 11.CAROB MARKET FOR PHARMACEUTICALS, BY REGION, 2020–2030 ($THOUSAND)
TABLE 12.CAROB MARKET FOR OTHERS, BY REGION, 2020–2030 ($THOUSAND)
TABLE 13.CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 14.CAROB MARKET THROUGH ONLINE RETAIL, BY REGION, 2020–2030 ($THOUSAND)
TABLE 15.CAROB MARKET THROUGH RETAIL STORES, BY REGION, 2020–2030 ($THOUSAND)
TABLE 16.CAROB MARKET THROUGH ONLINE B2B, BY REGION, 2020–2030 ($THOUSAND)
TABLE 17.CAROB MARKET THROUGH B2B DIRECT SUPPLY, BY REGION, 2020–2030 ($THOUSAND)
TABLE 18.CAROB MARKET, BY REGION, 2020–2030 ($THOUSAND)
TABLE 19.NORTH AMERICA CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 20.NORTH AMERICA CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 21.NORTH AMERICA CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 22.NORTH AMERICA CAROB MARKET, BY COUNTRY, 2020–2030 ($THOUSAND)
TABLE 23.U.S. CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 24.U.S. CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 25.U.S CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 26.CANADA CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 27.CANADA CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 28.CANADA CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 29.MEXICO CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 30.MEXICO CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 31.MEXICO CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 32.EUROPE CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 33.EUROPE CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 34.EUROPE CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 35.EUROPE CAROB MARKET, BY COUNTRY, 2020–2030 ($THOUSAND)
TABLE 36.ITALY CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 37.ITALY CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 38.ITALY CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 39.SPAIN CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 40.SPAIN CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 41.SPAIN CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 42.PORTUGAL CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 43.PORTUGAL CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 44.PORTUGAL CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 45.GREECE CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 46.GREECE CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 47.GREECE CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 48.GERMANY CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 49.GERMANY CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 50.GERMANY CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 51.FRANCE CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 52.FRANCE CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 53.FRANCE CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 54.UK CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 55.UK CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 56.UK CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 57.REST OF EUROPE CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 58.REST OF EUROPE CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 59.REST OF EUROPE CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 60.ASIA-PACIFIC CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 61.ASIA-PACIFIC CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 62.ASIA-PACIFIC CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 63.ASIA-PACIFIC CAROB MARKET, BY COUNTRY, 2020–2030 ($THOUSAND)
TABLE 64.CHINA CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 65.CHINA CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 66.CHINA CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 67.JAPAN CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 68.JAPAN CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 69.JAPAN CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 70.AUSTRALIA CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 71.AUSTRALIA CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 72.AUSTRALIA CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 73.SOUTH KOREA CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 74.SOUTH KOREA CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 75.SOUTH KOREA CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 76.REST OF ASIA-PACIFIC CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 77.REST OF ASIA-PACIFIC CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 78.REST OF ASIA-PACIFIC CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 79.LAMEA CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 80.LAMEA CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 81.LAMEA CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 82.LAMEA CAROB MARKET, BY COUNTRY, 2020–2030 ($THOUSAND)
TABLE 83.TURKEY CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 84.TURKEY CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 85.TURKEY CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 86.BRAZIL CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 87.BRAZIL CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 88.BRAZIL CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 89.SOUTH AFRICA CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 90.SOUTH AFRICA CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 91.SOUTH AFRICA CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 92.SAUDI ARABIA CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 93.SAUDI ARABIA CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 94.SAUDI ARABIA CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 95.REST OF LAMEA CAROB MARKET, BY PRODUCT TYPE, 2020–2030 ($THOUSAND)
TABLE 96.REST OF LAMEA CAROB MARKET, BY APPLICATION, 2020–2030 ($THOUSAND)
TABLE 97.REST OF LAMEA CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($THOUSAND)
TABLE 98.AEP COLLOIDS: KEY EXECUTIVE
TABLE 99.AEP COLLOIDS: COMPANY SNAPSHOT
TABLE 100.AEP COLLOIDS: PRODUCT PORTFOLIO
TABLE 101.ALTRAFINE GUMS: KEY EXECUTIVE
TABLE 102.ALTRAFINE GUMS: COMPANY SNAPSHOT
TABLE 103.ALTRAFINE GUMS: PRODUCT PORTFOLIO
TABLE 104.AUSTRALIAN CAROBS PTY LTD.: KEY EXECUTIVES
TABLE 105.AUSTRALIAN CAROBS PTY LTD.: COMPANY SNAPSHOT
TABLE 106.AUSTRALIAN CAROBS PTY LTD.: PRODUCT PORTFOLIO
TABLE 107.CAROB S.A.: KEY EXECUTIVES
TABLE 108.CAROB S.A.: COMPANY SNAPSHOT
TABLE 109.CAROB S.A.: PRODUCT PORTFOLIO
TABLE 110.DUPONT: KEY EXECUTIVE
TABLE 111.DUPONT: COMPANY SNAPSHOT
TABLE 112.DUPONT: PRODUCT PORTFOLIO
TABLE 113.DUPONT: NET SALES, 2016–2018 ($MILLION)
TABLE 114.PEDRO PEREZ: KEY EXECUTIVES
TABLE 115.PEDRO PEREZ: COMPANY SNAPSHOT
TABLE 116.PEDRO PEREZ: PRODUCT PORTFOLIO
TABLE 117.SAVVY CAROB CO. LTD.: KEY EXECUTIVE
TABLE 118.SAVVY CAROB CO. LTD.: COMPANY SNAPSHOT
TABLE 119.SAVVY CAROB CO. LTD.: PRODUCT PORTFOLIO
TABLE 120.STAVROS PARPIS FOODS LTD.: COMPANY SNAPSHOT
TABLE 121.STAVROS PARPIS FOODS LTD.: PRODUCT PORTFOLIO
TABLE 122.TIC GUMS INC.: KEY EXECUTIVE
TABLE 123.TIC GUMS INC.: COMPANY SNAPSHOT
TABLE 124.TIC GUMS INC.: PRODUCT PORTFOLIO
TABLE 125.TATE & LYLE PLC: KEY EXECUTIVES
TABLE 126.TATE & LYLE PLC: COMPANY SNAPSHOT
TABLE 127.TATE & LYLE PLC: OPERATING SEGMENTS
TABLE 128.TATE & LYLE PLC: PRODUCT PORTFOLIO
TABLE 129.TATE & LYLE PLC: R&D EXPENDITURE, 2017–2019 ($MILLION)
TABLE 130.TATE & LYLE PLC: NET SALES, 2017–2019 ($MILLION)

FIGURE 01.CAROB MARKET SNAPSHOT
FIGURE 02.CAROB MARKET: SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.VALUE CHAIN ANALYSIS
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.LOW BARGAINING POWER OF BUYERS
FIGURE 07.MODERATE THREAT OF SUBSTITUTION
FIGURE 08.LOW THREAT OF NEW ENTRANTS
FIGURE 09.HIGH INTENSITY OF COMFORMITIVE RIVALRY
FIGURE 10.CAROB MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 11.MARKET SHARE ANALYSIS, BY PRODUCT TYPE
FIGURE 12.MARKET SHARE ANALYSIS, BY APPLICATION
FIGURE 13.MARKET SHARE ANALYSIS, BY DISTRIBUTION CHANNEL
FIGURE 14.MARKET SHARE ANALYSIS, BY REGION
FIGURE 15.PRICING ANALYSIS FOR CAROB MARKET
FIGURE 16.PARENT MARKET ANALYSIS FOR CAROB MARKET
FIGURE 17.CAROB MARKET, BY PRODUCT TYPE, 2020 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF CAROB POWDER MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF CAROB GUM MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF OTHERS CAROB MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.GLOBAL CAROB MARKET, BY APPLICATION, 2020 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF CAROB MARKET FOR BAKERY AND CONFECTIONERY, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF CAROB MARKET FOR NUTRITION AND SUPPLEMENTS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF CAROB MARKET FOR DAIRY PRODUCTS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF CAROB MARKET FOR PHARMACEUTICALS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF CAROB MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 27.GLOBAL CAROB MARKET, BY DISTRIBUTION CHANNEL, 2020 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF CAROB MARKET THROUGH ONLINE RETAIL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF CAROB MARKET THROUGH RETAIL STORES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF CAROB MARKET THROUGH ONLINE B2B, BY COUNTRY, 2020 & 2030 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF CAROB MARKET THROUGH B2B DIRECT SUPPLY, BY COUNTRY, 2020 & 2030 (%)
FIGURE 32.CAROB MARKET, BY REGION, 2020 (%)
FIGURE 33.U.S. CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 34.CANADA CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 35.MEXICO CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 36.ITALY CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 37.SPAIN CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 38.PORTUGAL CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 39.GREECE CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 40.GERMANY CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 41.FRANCE CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 42.UK CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 43.REST OF EUROPE CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 44.CHINA CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 45.JAPAN CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 46.AUSTRALIA CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 47.SOUTH KOREA CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 48.REST OF ASIA-PACIFIC CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 49.TURKEY CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 50.BRAZIL CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 51.SOUTH AFRICA CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 52.SAUDI ARABIA CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 53.REST OF LAMEA CAROB MARKET, 2020–2030 ($THOUSAND)
FIGURE 54.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 55.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 56.MARKET PLAYER POSITIONING, 2020
FIGURE 57.DUPONT: NET SALES, 2016–2018 ($MILLION)
FIGURE 58.TATE & LYLE PLC: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 59.TATE & LYLE PLC: NET SALES, 2017–2019 ($MILLION)
FIGURE 60.TATE & LYLE PLC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 61.TATE & LYLE PLC: REVENUE SHARE BY REGION, 2019 (%)

 
 

Key players operating in the global carob market have adopted developmental strategies such as new product launch to strengthen their foothold in the market, in terms of value sales. They emphasize on continuous innovation in formulate product to gain a competitive edge in the global market and to boost the demand for carob. 

According to the key market players, changes in lifestyle and rise in consumer awareness regarding the negative health effects associated with artificial sweeteners are encouraging consumers to seek natural sweeteners and products containing natural sweeteners without compromising on taste. Carob powder is an ideal substitute for chocolate. Therefore, they are investing in R&D activities and making continuous effort in launching improved carob that can be used as sweetener in food & beverages products, thus assisting food & beverages manufacturers to meet the rising global demand. 

According to some of the key carob companies, rise in trend of reduced sugar consumption among consumers is expected to fuel the demand for carob across the food & beverages manufactures as well as in the retail industry. Thus, this factor is anticipated to offer lucrative opportunity for the growth of the carob market.

However, increase in threat of the availability of substitutes for carob faced by the manufacturers is expected to restrain the market growth. Lack of awareness and low production of carob is further expected to hamper the growth of the carob market during the forecast period.

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A. The carob market size was valued at $198,363.8 thousand in 2020 and is estimated to reach $384,882.3 thousand by 2030.

A. 6.2% is the CAGR of Carob Market.

A. You can get sample report by requesting from website or call our sales representatives on U.S.-Canada - Toll-free : +1-800-792-5285, Int'l : +1-503-894-6022, Europe : + 44-845-528-1300 or mail us on help@alliedmarketresearch.com.

A. 2020 is the base year calculated in the Carob market report?

A. Product type, application, distribution channel and region are the segments of Carob Market

A. Altrafine Gums, Pedro Perez, Savvy Carob Co. Ltd., DuPont, Carob S.A., Stavros Parpis Foods Ltd. And AEP Colloids are some of the top companies in the Carob Market.

A. Europe market holds the maximum market share of the Carob Market.

A. COVID-19 negatively impacted the growth of the carob market.

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