The Global Carob Market is Estimated to Reach USD 351.7 Million by 2027 at a CAGR of 9.3%

Carob Market Growth, Trends and Report Highlights

According to a new report Global Carob Market, published by KBV research, The Global Carob Market size is expected to reach $351.7 Million by 2027, rising at a market growth of 9.3% CAGR during the forecast period.

The retail store segment accounted for the largest share in the carob market in 2020 and is estimated to witness a substantial growth rate during the forecast period. Retail stores consist of supermarkets & hypermarkets and specialty stores that focus more on increasing product sales to raise their profit margins.

The bakery & confectionery segment acquired the largest share in the market in 2020 and is anticipated to procure a promising growth rate during the forecast period. In addition, the high growth potential of the baking & confectionery industry is estimated to give it a remarkable position in the food processing industry.

The Europe market dominated the Global Carob Market by Region in 2020, growing at a CAGR of 9.1 % during the forecast period. The North America market is experiencing a CAGR of 8.4% during (2021 - 2027). Additionally, The Asia Pacific market is poised to grow at a CAGR of 10.7% during the forecast period.

Full Report://www.zeluhuanjing.com/carob-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of TIC Gums, Inc. (Ingredion Incorporated), DuPont de Nemours, Inc., The Hain Celestial Group, Inc., Tate & Lyle PLC, Euroduna Americas, Inc. The Carob Kitchen, NOW Foods, Inc., Jedwards International, Inc., Alpine Herb Company, Inc., and Barry Farm Foods.

Global Carob Market Segmentation

By Product

• Gum
• Powder
• Others

By Application

• Bakery & Confectionery
• Nutrition & Supplements
• Dairy Products
• Pharmaceuticals
• Others

By Distribution Channel

• Supermarket/Hypermarket
• Direct Supply
• E-commerce
• Others

By Geography

• 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

Companies Profiled

• TIC Gums, Inc. (Ingredion Incorporated)
• DuPont de Nemours, Inc.
• The Hain Celestial Group, Inc.
• Tate & Lyle PLC
• Euroduna Americas, Inc.
• The Carob Kitchen
• NOW Foods, Inc.
• Jedwards International, Inc.
• Alpine Herb Company, Inc.
• Barry Farm Foods

Unique Offerings from KBV Research

• Exhaustive coverage
• The highest number of market tables and figures
• Subscription-based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free

Related Reports:

North America Carob Market, Future Scope & Opportunities 2021-2027

Europe Carob Market, Size & Growth Forecast 2021-2027

Asia Pacific Carob Market, Size, Share & Industry Outlook to 2027

LAMEA Carob Market, Growth, Trends and Forecasts 2021-2027