The Global Carob Powder Market size is expected to reach $72.6 million by 2030, rising at a market growth of 4.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,067.0 tonnes, experiencing a growth of 4.0% (2019-2022).
Consumers are looking for alternatives to traditional confectionery items, which frequently contain high quantities of refined sugars and artificial additives. This is because of the rising emphasis that is being placed on health and wellness. Consequently, the confectionery segment would generate approximately 33.34% share of the market by 2030. Carob powder, with its natural sweetness and nutritional attributes, has gained popularity as a healthier substitute in the formulation of confectionery items. Thus, these factors will lead to increased demand in the segment.
Carob powder has a naturally sweet flavor, eliminating the need for excessive added sugars in food products. This natural sweetness resonates well with consumers who seek alternatives to overly sweetened products, contributing to a healthier diet. Due to its naturally minimal fat content, carob powder is an advantageous choice for individuals mindful of their fat consumption. Thus, these factors will lead to increased demand in the market. Moreover, carob powder is utilized as a cocoa powder substitute in producing chocolates. It provides a naturally sweet flavor, making it an attractive option for manufacturers aiming to create chocolate products with reduced or no added sugars. Carob powder is incorporated into various bakery products, including cookies, brownies, cakes, and muffins. Hence, these aspects will drive the demand in the market.
However, Many consumers may not be familiar with carob powder or fully understand its properties, taste, and potential uses. As a result, there might be a reluctance to try carob-based products over more traditional options like cocoa or chocolate. Carob has a distinct taste that differs from cocoa. If businesses in the carob powder market do not actively promote their products and educate consumers about their uses, the market may struggle to expand. These factors will restrain the demand in the market.
By Product Analysis
Based on product, the market is segmented into natural and organic. In 2022, the organic segment garnered a significant revenue share in the market. Organic carob powder is typically accompanied by certifications that validate its organic status. Certifications from reputable organic standards organizations provide transparency and assurance to consumers, fostering trust in the product's authenticity. Therefore, owing to these factors, there will be increased demand in the segment.
By Application Analysis
On the basis of application, the market is divided into B2B and B2C. The B2B segment recorded the maximum revenue share in the market in 2022. The worldwide food and beverage sector is witnessing ongoing growth, driven by shifting customer preferences and a rising emphasis on new and useful ingredients. With its versatility and unique flavor profile, Carob powder has become an attractive choice for food manufacturers and processors seeking innovative and marketable products. These factors will boost the demand in the segment.
By B2B Analysis
The B2B segment is further divided into bakery, confectionery, and others. The bakery segment recorded the maximum revenue share in the market in 2022. The demand for gluten-free and allergen-free products has been on the rise, driven by consumers with dietary restrictions or sensitivities. Due to its inherent lack of gluten and allergens, carob powder presents a favorable alternative for bakeries striving to offer an extensive selection of products that cater to individuals' dietary restrictions. Hence, these factors will fuel the demand in the segment.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment attained a considerable revenue share in the market in 2022. North America has witnessed a surge in specialty and natural food product demand. The availability of carob powder in health food stores, specialty supermarkets, and online platforms has facilitated its accessibility to consumers seeking premium and natural ingredients. Thus, these aspects will pose lucrative growth prospects for the segment.
List of Key Companies Profiled
- The Australian Carob Co.
- The Carob Kitchen
- Frontier Cooperative
- Panos Brands, LLC
- OliveNation, LLC
- NOW Foods, Inc.
- Ingredients UK Limited
- Jedwards International, Inc.
- Barry Farm Foods
- Healthworks (Dignity Health)
Global Carob Powder Market Report Segmentation
By Product (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
- B2B
- Bakery
- Confectionary
- Others
- B2C
By Geography (Volume, Tonnes, USD Million, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Carob Powder Market, by Product
- 1.4.2 Global Carob Powder Market, by Application
- 1.4.3 Global Carob Powder Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter's Five Forces Analysis
Chapter 4. Global Carob Powder Market, By Product
- 4.1 Global Natural Market, By Region
- 4.2 Global Organic Market, By Region
Chapter 5. Global Carob Powder Market, By Application
- 5.1 Global B2B Market, By Region
- 5.2 Global Carob Powder Market, By B2B Type
- 5.2.1 Global Bakery Market, By Region
- 5.2.2 Global Confectionary Market, By Region
- 5.2.3 Global Others Market, By Region
- 5.3 Global B2C Market, By Region
Chapter 6. Global Carob Powder Market, By Region
- 6.1 North America Carob Powder Market
- 6.1.1 North America Carob Powder Market, By Product
- 6.1.1.1 North America Natural Market, By Country
- 6.1.1.2 North America Organic Market, By Country
- 6.1.2 North America Carob Powder Market, By Application
- 6.1.2.1 North America B2B Market, By Country
- 6.1.2.2 North America Carob Powder Market, By B2B Type
- 6.1.2.2.1 North America Bakery Market, By Country
- 6.1.2.2.2 North America Confectionary Market, By Country
- 6.1.2.2.3 North America Others Market, By Country
- 6.1.2.3 North America B2C Market, By Country
- 6.1.3 North America Carob Powder Market, By Country
- 6.1.3.1 US Carob Powder Market
- 6.1.3.1.1 US Carob Powder Market, By Product
- 6.1.3.1.2 US Carob Powder Market, By Application
- 6.1.3.2 Canada Carob Powder Market
- 6.1.3.2.1 Canada Carob Powder Market, By Product
- 6.1.3.2.2 Canada Carob Powder Market, By Application
- 6.1.3.3 Mexico Carob Powder Market
- 6.1.3.3.1 Mexico Carob Powder Market, By Product
- 6.1.3.3.2 Mexico Carob Powder Market, By Application
- 6.1.3.4 Rest of North America Carob Powder Market
- 6.1.3.4.1 Rest of North America Carob Powder Market, By Product
- 6.1.3.4.2 Rest of North America Carob Powder Market, By Application
- 6.2 Europe Carob Powder Market
- 6.2.1 Europe Carob Powder Market, By Product
- 6.2.1.1 Europe Natural Market, By Country
- 6.2.1.2 Europe Organic Market, By Country
- 6.2.2 Europe Carob Powder Market, By Application
- 6.2.2.1 Europe B2B Market, By Country
- 6.2.2.2 Europe Carob Powder Market, By B2B Type
- 6.2.2.2.1 Europe Bakery Market, By Country
- 6.2.2.2.2 Europe Confectionary Market, By Country
- 6.2.2.2.3 Europe Others Market, By Country
- 6.2.2.3 Europe B2C Market, By Country
- 6.2.3 Europe Carob Powder Market, By Country
- 6.2.3.1 Germany Carob Powder Market
- 6.2.3.1.1 Germany Carob Powder Market, By Product
- 6.2.3.1.2 Germany Carob Powder Market, By Application
- 6.2.3.2 UK Carob Powder Market
- 6.2.3.2.1 UK Carob Powder Market, By Product
- 6.2.3.2.2 UK Carob Powder Market, By Application
- 6.2.3.3 France Carob Powder Market
- 6.2.3.3.1 France Carob Powder Market, By Product
- 6.2.3.3.2 France Carob Powder Market, By Application
- 6.2.3.4 Russia Carob Powder Market
- 6.2.3.4.1 Russia Carob Powder Market, By Product
- 6.2.3.4.2 Russia Carob Powder Market, By Application
- 6.2.3.5 Spain Carob Powder Market
- 6.2.3.5.1 Spain Carob Powder Market, By Product
- 6.2.3.5.2 Spain Carob Powder Market, By Application
- 6.2.3.6 Italy Carob Powder Market
- 6.2.3.6.1 Italy Carob Powder Market, By Product
- 6.2.3.6.2 Italy Carob Powder Market, By Application
- 6.2.3.7 Rest of Europe Carob Powder Market
- 6.2.3.7.1 Rest of Europe Carob Powder Market, By Product
- 6.2.3.7.2 Rest of Europe Carob Powder Market, By Application
- 6.3 Asia Pacific Carob Powder Market
- 6.3.1 Asia Pacific Carob Powder Market, By Product
- 6.3.1.1 Asia Pacific Natural Market, By Country
- 6.3.1.2 Asia Pacific Organic Market, By Country
- 6.3.2 Asia Pacific Carob Powder Market, By Application
- 6.3.2.1 Asia Pacific B2B Market, By Country
- 6.3.2.2 Asia Pacific Carob Powder Market, By B2B Type
- 6.3.2.2.1 Asia Pacific Bakery Market, By Country
- 6.3.2.2.2 Asia Pacific Confectionary Market, By Country
- 6.3.2.2.3 Asia Pacific Others Market, By Country
- 6.3.2.3 Asia Pacific B2C Market, By Country
- 6.3.3 Asia Pacific Carob Powder Market, By Country
- 6.3.3.1 China Carob Powder Market
- 6.3.3.1.1 China Carob Powder Market, By Product
- 6.3.3.1.2 China Carob Powder Market, By Application
- 6.3.3.2 Japan Carob Powder Market
- 6.3.3.2.1 Japan Carob Powder Market, By Product
- 6.3.3.2.2 Japan Carob Powder Market, By Application
- 6.3.3.3 India Carob Powder Market
- 6.3.3.3.1 India Carob Powder Market, By Product
- 6.3.3.3.2 India Carob Powder Market, By Application
- 6.3.3.4 South Korea Carob Powder Market
- 6.3.3.4.1 South Korea Carob Powder Market, By Product
- 6.3.3.4.2 South Korea Carob Powder Market, By Application
- 6.3.3.5 Singapore Carob Powder Market
- 6.3.3.5.1 Singapore Carob Powder Market, By Product
- 6.3.3.5.2 Singapore Carob Powder Market, By Application
- 6.3.3.6 Malaysia Carob Powder Market
- 6.3.3.6.1 Malaysia Carob Powder Market, By Product
- 6.3.3.6.2 Malaysia Carob Powder Market, By Application
- 6.3.3.7 Rest of Asia Pacific Carob Powder Market
- 6.3.3.7.1 Rest of Asia Pacific Carob Powder Market, By Product
- 6.3.3.7.2 Rest of Asia Pacific Carob Powder Market, By Application
- 6.4 LAMEA Carob Powder Market
- 6.4.1 LAMEA Carob Powder Market, By Product
- 6.4.1.1 LAMEA Natural Market, By Country
- 6.4.1.2 LAMEA Organic Market, By Country
- 6.4.2 LAMEA Carob Powder Market, By Application
- 6.4.2.1 LAMEA B2B Market, By Country
- 6.4.2.2 LAMEA Carob Powder Market, By B2B Type
- 6.4.2.2.1 LAMEA Bakery Market, By Country
- 6.4.2.2.2 LAMEA Confectionary Market, By Country
- 6.4.2.2.3 LAMEA Others Market, By Country
- 6.4.2.3 LAMEA B2C Market, By Country
- 6.4.3 LAMEA Carob Powder Market, By Country
- 6.4.3.1 Brazil Carob Powder Market
- 6.4.3.1.1 Brazil Carob Powder Market, By Product
- 6.4.3.1.2 Brazil Carob Powder Market, By Application
- 6.4.3.2 Argentina Carob Powder Market
- 6.4.3.2.1 Argentina Carob Powder Market, By Product
- 6.4.3.2.2 Argentina Carob Powder Market, By Application
- 6.4.3.3 UAE Carob Powder Market
- 6.4.3.3.1 UAE Carob Powder Market, By Product
- 6.4.3.3.2 UAE Carob Powder Market, By Application
- 6.4.3.4 Saudi Arabia Carob Powder Market
- 6.4.3.4.1 Saudi Arabia Carob Powder Market, By Product
- 6.4.3.4.2 Saudi Arabia Carob Powder Market, By Application
- 6.4.3.5 South Africa Carob Powder Market
- 6.4.3.5.1 South Africa Carob Powder Market, By Product
- 6.4.3.5.2 South Africa Carob Powder Market, By Application
- 6.4.3.6 Nigeria Carob Powder Market
- 6.4.3.6.1 Nigeria Carob Powder Market, By Product
- 6.4.3.6.2 Nigeria Carob Powder Market, By Application
- 6.4.3.7 Rest of LAMEA Carob Powder Market
- 6.4.3.7.1 Rest of LAMEA Carob Powder Market, By Product
- 6.4.3.7.2 Rest of LAMEA Carob Powder Market, By Application
Chapter 7. Company Profiles
- 7.1 Jedwards International, Inc.
- 7.1.1 Company Overview
- 7.1.2 SWOT Analysis
- 7.2 Healthworks (Dignity Health)
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 NOW Foods, Inc.
- 7.3.1 Company Overview
- 7.3.2 SWOT Analysis
- 7.4 The Australian Carob Co.
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Frontier Cooperative
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 Panos Brands, LLC
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 OliveNation, LLC
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 Ingredients UK Limited
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 Barry Farm Foods
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. The Carob Kitchen
Chapter 8. Winning Imperatives of Carob Powder Market