Quick Summary:
In the ever-evolving landscape of the food industry, the global carob powder market stands out as a significant growth opportunity, making it an unmissable focus for forward-thinking businesses. Uniquely positioned across the food and health sectors, carob powder's potential viability is evident in its projected growth from a $52.8 million industry in 2022 to an estimated $88.2 million market by 2030.
This comprehensive market research report provides a thorough analysis of this burgeoning sector, revealing pivotal insights into the organic and natural segments, which are expected to drive substantial market growth. Additionally, capturing a precise grasp of the international landscape, the report details the notable growth trajectories in key geographic markets like the United States and China, providing an overarching view of this dynamic market. Investing in this report means receiving exclusive data, critical insights, and strategic directions to drive success in the Carob Powder Market.
Global Carob Powder Market to Reach $88.2 Million by 2030
The global market for Carob Powder estimated at US$52.8 Million in the year 2022, is projected to reach a revised size of US$88.2 Million by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030. Natural, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$48.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Organic segment is readjusted to a revised 7.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $14.4 Million, While China is Forecast to Grow at 10.8% CAGR
The Carob Powder market in the U.S. is estimated at US$14.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$20.1 Million by the year 2030 trailing a CAGR of 10.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.Select Competitors (Total 47 Featured) -
- Alpine Herb Company Inc.
- Australian Carobs Pty Ltd., (Australia)
- Barry Farm Foods
- Bob`s Red Mill (United States)
- CAROB S.A (Spain)
- Country Life Natural Foods (United States)
- Euroduna Americas Inc. (United States)
- Frontier Co-op.
- Ingredients UK Ltd.
- Jedwards International, Inc.
- Lewis Confectionery Pty Ltd (Australia)
- NOW Foods
- Oak Haven Inc.
- Ouasdi International
- Sajeeb Group (Bangladesh)
- The Australian Carob Co.
- The Carob Kitchen
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Carob Powder?
What is the growth rate of the Global Market for Carob Powder?
What is the forecasted size of the Global Market for Carob Powder?
Who are the key companies in the Global Market for Carob Powder?
| Report Attribute | Details |
|---|---|
| No. of Pages | 96 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 52.8 Million |
| Forecasted Market Value ( USD | $ 88.2 Million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alpine Herb Company Inc.
- Australian Carobs Pty Ltd., (Australia)
- Barry Farm Foods
- Bob`s Red Mill (United States)
- CAROB S.A (Spain)
- Country Life Natural Foods (United States)
- Euroduna Americas Inc. (United States)
- Frontier Co-op.
- Ingredients UK Ltd.
- Jedwards International, Inc.
- Lewis Confectionery Pty Ltd (Australia)
- NOW Foods
- Oak Haven Inc.
- Ouasdi International
- Sajeeb Group (Bangladesh)
- The Australian Carob Co.
- The Carob Kitchen
