The Europe Carob Market would witness market growth of 9.1% CAGR during the forecast period (2021-2027).
Carob is a native plant of the Mediterranean regions and is heavily cultivated in some parts of the European region, which makes this region among the top exporters of carob. Due to this, high carob cultivation, manufacturers would increasingly use carob in their products as it is easily available in this region. In addition, the rising health awareness among the consumers is contributing to the surging growth of the regional carob market.
Furthermore, numerous health benefits of carob like high fiber, low cholesterol and less sodium content are motivating consumers to include it in their diet. The expanding bakery and confectionary industries across this region are also creating lucrative opportunities for the key players of the carob market to expand their reach in this regional market.
There is an increasing demand for carob powder due to its rising popularity among consumers since it contains high calcium content, high fiber, and protein. These nutritional values of carob provide numerous health benefits to the consumer and thus, propelling the growth of the carob market. It is gluten-free, vegan, caffeine-free, and is naturally sweet that removes the requirement to fortify it with sugar. Furthermore, carob is becoming more popular among customers due to the rise in the health awareness as it contains no fat, rich in fiber, and low cholesterol.
With the increasing population of vegan people, companies around the globe are introducing various vegan food products in different food categories with an aim to gain more customers and establish a better place for themselves. For example, in 2018, as per the Vegan Society, U.K unveiled more vegan products than any other country in the world. In addition, orders for vegan meals also expanded by 388% between 2016 & 2018 and it is one of the fastest-growing food segments in the U.K. These aspects are estimated to increase the applications of carob powder because it is a vegan ingredient that is used in the making of numerous food products in the coming years.
The Germany market dominated the Europe Dairy Products Market by Country in 2020, thereby, achieving a market value of $6,290.9 Thousands by 2027. The UK market is exhibiting a CAGR of 8.8% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 11.2% during (2021 - 2027).
Based on Product, the market is segmented into Gum, Powder, and Others. Based on Application, the market is segmented into Bakery & Confectionery, Nutrition & Supplements, Dairy Products, Pharmaceuticals, and Others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Direct Supply, E-commerce, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Carob Market Size will Hit $351.7 Million by 2027, at a CAGR of 9.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Application
- Bakery & Confectionery
- Nutrition & Supplements
- Dairy Products
- Pharmaceuticals
- Others
By Distribution Channel
- Supermarket/Hypermarket
- Direct Supply
- E-commerce
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Carob Market, by Product
1.4.2 Europe Carob Market, by Application
1.4.3 Europe Carob Market, by Distribution Channel
1.4.4 Europe Carob Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe Carob Market by Product
3.1 Europe Gum Market by Country
3.2 Europe Powder Market by Country
3.3 Europe Others Market by Country
Chapter 4. Europe Carob Market by Application
4.1 Europe Bakery & Confectionery Market by Country
4.2 Europe Nutrition & Supplements Market by Country
4.3 Europe Dairy Products Market by Country
4.4 Europe Pharmaceuticals Market by Country
4.5 Europe Other Application Market by Country
Chapter 5. Europe Carob Market by Distribution Channel
5.1 Europe Supermarket/Hypermarket Market by Country
5.2 Europe Direct Supply Market by Country
5.3 Europe E-commerce Market by Country
5.4 Europe Others Market by Country
Chapter 6. Europe Carob Market by Country
6.1 Germany Carob Market
6.1.1 Germany Carob Market by Product
6.1.2 Germany Carob Market by Application
6.1.3 Germany Carob Market by Distribution Channel
6.2 UK Carob Market
6.2.1 UK Carob Market by Product
6.2.2 UK Carob Market by Application
6.2.3 UK Carob Market by Distribution Channel
6.3 France Carob Market
6.3.1 France Carob Market by Product
6.3.2 France Carob Market by Application
6.3.3 France Carob Market by Distribution Channel
6.4 Russia Carob Market
6.4.1 Russia Carob Market by Product
6.4.2 Russia Carob Market by Application
6.4.3 Russia Carob Market by Distribution Channel
6.5 Spain Carob Market
6.5.1 Spain Carob Market by Product
6.5.2 Spain Carob Market by Application
6.5.3 Spain Carob Market by Distribution Channel
6.6 Italy Carob Market
6.6.1 Italy Carob Market by Product
6.6.2 Italy Carob Market by Application
6.6.3 Italy Carob Market by Distribution Channel
6.7 Rest of Europe Carob Market
6.7.1 Rest of Europe Carob Market by Product
6.7.2 Rest of Europe Carob Market by Application
6.7.3 Rest of Europe Carob Market by Distribution Channel
Chapter 7. Company Profiles
7.1 TIC Gums, Inc. (Ingredion Incorporated)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent Strategies and Developments:
7.1.5.1 Product launches and Product Expansions:
7.2 DuPont de Nemours, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 The Hain Celestial Group, Inc.
7.3.1 Company overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent Strategies and Developments:
7.3.5.1 Acquisitions and Mergers:
7.4 Tate & Lyle PLC
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Research & Development Expense
7.4.5 Recent Strategies and Developments:
7.4.5.1 Product launches and Product Expansions:
7.5 Euroduna Americas, Inc.
7.5.1 Company Overview
7.6 The Carob Kitchen
7.6.1 Company Overview
7.6.2 Recent Strategies and Developments:
7.6.2.1 Product launches and Product Expansions:
7.7 NOW Foods, Inc.
7.7.1 Company Overview
7.8 Jedwards International, Inc.
7.8.1 Company Overview
7.9 Alpine Herb Company, Inc.
7.9.1 Company Overview
7.10. Barry Farm Foods
7.10.1 Company Overview
TABLE 1 Europe Carob Market, 2017 - 2020, USD Thousands
TABLE 2 Europe Carob Market, 2021 - 2027, USD Thousands
TABLE 3 Europe Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 4 Europe Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 5 Europe Gum Market by Country, 2017 - 2020, USD Thousands
TABLE 6 Europe Gum Market by Country, 2021 - 2027, USD Thousands
TABLE 7 Europe Powder Market by Country, 2017 - 2020, USD Thousands
TABLE 8 Europe Powder Market by Country, 2021 - 2027, USD Thousands
TABLE 9 Europe Others Market by Country, 2017 - 2020, USD Thousands
TABLE 10 Europe Others Market by Country, 2021 - 2027, USD Thousands
TABLE 11 Europe Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 12 Europe Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 13 Europe Bakery & Confectionery Market by Country, 2017 - 2020, USD Thousands
TABLE 14 Europe Bakery & Confectionery Market by Country, 2021 - 2027, USD Thousands
TABLE 15 Europe Nutrition & Supplements Market by Country, 2017 - 2020, USD Thousands
TABLE 16 Europe Nutrition & Supplements Market by Country, 2021 - 2027, USD Thousands
TABLE 17 Europe Dairy Products Market by Country, 2017 - 2020, USD Thousands
TABLE 18 Europe Dairy Products Market by Country, 2021 - 2027, USD Thousands
TABLE 19 Europe Pharmaceuticals Market by Country, 2017 - 2020, USD Thousands
TABLE 20 Europe Pharmaceuticals Market by Country, 2021 - 2027, USD Thousands
TABLE 21 Europe Other Application Market by Country, 2017 - 2020, USD Thousands
TABLE 22 Europe Other Application Market by Country, 2021 - 2027, USD Thousands
TABLE 23 Europe Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 24 Europe Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 25 Europe Supermarket/Hypermarket Market by Country, 2017 - 2020, USD Thousands
TABLE 26 Europe Supermarket/Hypermarket Market by Country, 2021 - 2027, USD Thousands
TABLE 27 Europe Direct Supply Market by Country, 2017 - 2020, USD Thousands
TABLE 28 Europe Direct Supply Market by Country, 2021 - 2027, USD Thousands
TABLE 29 Europe E-commerce Market by Country, 2017 - 2020, USD Thousands
TABLE 30 Europe E-commerce Market by Country, 2021 - 2027, USD Thousands
TABLE 31 Europe Others Market by Country, 2017 - 2020, USD Thousands
TABLE 32 Europe Others Market by Country, 2021 - 2027, USD Thousands
TABLE 33 Europe Carob Market by Country, 2017 - 2020, USD Thousands
TABLE 34 Europe Carob Market by Country, 2021 - 2027, USD Thousands
TABLE 35 Germany Carob Market, 2017 - 2020, USD Thousands
TABLE 36 Germany Carob Market, 2021 - 2027, USD Thousands
TABLE 37 Germany Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 38 Germany Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 39 Germany Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 40 Germany Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 41 Germany Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 42 Germany Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 43 UK Carob Market, 2017 - 2020, USD Thousands
TABLE 44 UK Carob Market, 2021 - 2027, USD Thousands
TABLE 45 UK Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 46 UK Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 47 UK Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 48 UK Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 49 UK Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 50 UK Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 51 France Carob Market, 2017 - 2020, USD Thousands
TABLE 52 France Carob Market, 2021 - 2027, USD Thousands
TABLE 53 France Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 54 France Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 55 France Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 56 France Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 57 France Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 58 France Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 59 Russia Carob Market, 2017 - 2020, USD Thousands
TABLE 60 Russia Carob Market, 2021 - 2027, USD Thousands
TABLE 61 Russia Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 62 Russia Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 63 Russia Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 64 Russia Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 65 Russia Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 66 Russia Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 67 Spain Carob Market, 2017 - 2020, USD Thousands
TABLE 68 Spain Carob Market, 2021 - 2027, USD Thousands
TABLE 69 Spain Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 70 Spain Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 71 Spain Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 72 Spain Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 73 Spain Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 74 Spain Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 75 Italy Carob Market, 2017 - 2020, USD Thousands
TABLE 76 Italy Carob Market, 2021 - 2027, USD Thousands
TABLE 77 Italy Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 78 Italy Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 79 Italy Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 80 Italy Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 81 Italy Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 82 Italy Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 83 Rest of Europe Carob Market, 2017 - 2020, USD Thousands
TABLE 84 Rest of Europe Carob Market, 2021 - 2027, USD Thousands
TABLE 85 Rest of Europe Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 86 Rest of Europe Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 87 Rest of Europe Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 88 Rest of Europe Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 89 Rest of Europe Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 90 Rest of Europe Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 91 Key information – TIC Gums, Inc.
TABLE 92 Key Information –DuPont de Nemours, Inc.
TABLE 93 Key Information – The Hain Celestial Group, Inc.
TABLE 94 Key Information – Tate & Lyle PLC
TABLE 95 Key information – Euroduna Americas, Inc.
TABLE 96 Key information – The Carob Kitchen
TABLE 97 Key Information – NOW Foods, Inc.
TABLE 98 Key information – Jedwards International, Inc.
TABLE 99 Key information – Alpine Herb Company, Inc.
TABLE 100 Key information – Barry Farm Foods
List of Figures
FIG 1 Methodology for the research