The Latin America, Middle East and Africa Carob Market would witness market growth of 10.3% CAGR during the forecast period (2021-2027).
Carob powder is like cocoa powder and can be used as a substitute for cocoa. It contains natural sweetener, which reduces the requirement of adding sugar while preparing different food recipes. In addition, carob can also be turned into baking chips and syrup. There are several carob products available in the market including carob chips, which are becoming more popular among the consumers. Many consumers prefer the taste of carob and thus, they use carob and chocolate chips in their cookie & brownie recipes. The natural sweetness of carob helps manufacturers in eliminating the addition of more sugar in their products.
The high cultivation of carob in this region is attracting key companies to expand their reach in this region. Carob-based products like carob powder and carob chips are highly popular in the region due to their great taste, color, and high nutritive value. This would support the growth of the carob market in this region. Moreover, the rising income level of the consumers is motivating them to spend more on the consumption of healthy food substitutes.
In addition, the rising cases of various diseases like diabetes in this region are motivating consumers to opt for healthier food products and thus, bolstering the growth of the regional market. However, carob is a bit expensive than cocoa powder, which would restrict its adoption among consumers and manufacturers and hence, hinder the growth of the carob market in this region.
The Gum market dominated the South Africa Carob Market by Product in 2020, thereby, achieving a market value of $2,944 Thousands by 2027. The Powder market is estimated to grow at a CAGR of 11.5% during (2021 - 2027). Additionally, The Others market is expected to witness highest CAGR of 12% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Carob Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Carob Market, by Product
1.4.2 LAMEA Carob Market, by Application
1.4.3 LAMEA Carob Market, by Distribution Channel
1.4.4 LAMEA 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. LAMEA Carob Market by Product
3.1 LAMEA Gum Market by Country
3.2 LAMEA Powder Market by Country
3.3 LAMEA Others Market by Country
Chapter 4. LAMEA Carob Market by Application
4.1 LAMEA Bakery & Confectionery Market by Country
4.2 LAMEA Nutrition & Supplements Market by Country
4.3 LAMEA Dairy Products Market by Country
4.4 LAMEA Pharmaceuticals Market by Country
4.5 LAMEA Other Application Market by Country
Chapter 5. LAMEA Carob Market by Distribution Channel
5.1 LAMEA Supermarket/Hypermarket Market by Country
5.2 LAMEA Direct Supply Market by Country
5.3 LAMEA E-commerce Market by Country
5.4 LAMEA Others Market by Country
Chapter 6. LAMEA Carob Market by Country
6.1 Brazil Carob Market
6.1.1 Brazil Carob Market by Product
6.1.2 Brazil Carob Market by Application
6.1.3 Brazil Carob Market by Distribution Channel
6.2 Argentina Carob Market
6.2.1 Argentina Carob Market by Product
6.2.2 Argentina Carob Market by Application
6.2.3 Argentina Carob Market by Distribution Channel
6.3 UAE Carob Market
6.3.1 UAE Carob Market by Product
6.3.2 UAE Carob Market by Application
6.3.3 UAE Carob Market by Distribution Channel
6.4 Saudi Arabia Carob Market
6.4.1 Saudi Arabia Carob Market by Product
6.4.2 Saudi Arabia Carob Market by Application
6.4.3 Saudi Arabia Carob Market by Distribution Channel
6.5 South Africa Carob Market
6.5.1 South Africa Carob Market by Product
6.5.2 South Africa Carob Market by Application
6.5.3 South Africa Carob Market by Distribution Channel
6.6 Nigeria Carob Market
6.6.1 Nigeria Carob Market by Product
6.6.2 Nigeria Carob Market by Application
6.6.3 Nigeria Carob Market by Distribution Channel
6.7 Rest of LAMEA Carob Market
6.7.1 Rest of LAMEA Carob Market by Product
6.7.2 Rest of LAMEA Carob Market by Application
6.7.3 Rest of LAMEA 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 LAMEA Carob Market, 2017 - 2020, USD Thousands
TABLE 2 LAMEA Carob Market, 2021 - 2027, USD Thousands
TABLE 3 LAMEA Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 4 LAMEA Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 5 LAMEA Gum Market by Country, 2017 - 2020, USD Thousands
TABLE 6 LAMEA Gum Market by Country, 2021 - 2027, USD Thousands
TABLE 7 LAMEA Powder Market by Country, 2017 - 2020, USD Thousands
TABLE 8 LAMEA Powder Market by Country, 2021 - 2027, USD Thousands
TABLE 9 LAMEA Others Market by Country, 2017 - 2020, USD Thousands
TABLE 10 LAMEA Others Market by Country, 2021 - 2027, USD Thousands
TABLE 11 LAMEA Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 12 LAMEA Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 13 LAMEA Bakery & Confectionery Market by Country, 2017 - 2020, USD Thousands
TABLE 14 LAMEA Bakery & Confectionery Market by Country, 2021 - 2027, USD Thousands
TABLE 15 LAMEA Nutrition & Supplements Market by Country, 2017 - 2020, USD Thousands
TABLE 16 LAMEA Nutrition & Supplements Market by Country, 2021 - 2027, USD Thousands
TABLE 17 LAMEA Dairy Products Market by Country, 2017 - 2020, USD Thousands
TABLE 18 LAMEA Dairy Products Market by Country, 2021 - 2027, USD Thousands
TABLE 19 LAMEA Pharmaceuticals Market by Country, 2017 - 2020, USD Thousands
TABLE 20 LAMEA Pharmaceuticals Market by Country, 2021 - 2027, USD Thousands
TABLE 21 LAMEA Other Application Market by Country, 2017 - 2020, USD Thousands
TABLE 22 LAMEA Other Application Market by Country, 2021 - 2027, USD Thousands
TABLE 23 LAMEA Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 24 LAMEA Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 25 LAMEA Supermarket/Hypermarket Market by Country, 2017 - 2020, USD Thousands
TABLE 26 LAMEA Supermarket/Hypermarket Market by Country, 2021 - 2027, USD Thousands
TABLE 27 LAMEA Direct Supply Market by Country, 2017 - 2020, USD Thousands
TABLE 28 LAMEA Direct Supply Market by Country, 2021 - 2027, USD Thousands
TABLE 29 LAMEA E-commerce Market by Country, 2017 - 2020, USD Thousands
TABLE 30 LAMEA E-commerce Market by Country, 2021 - 2027, USD Thousands
TABLE 31 LAMEA Others Market by Country, 2017 - 2020, USD Thousands
TABLE 32 LAMEA Others Market by Country, 2021 - 2027, USD Thousands
TABLE 33 LAMEA Carob Market by Country, 2017 - 2020, USD Thousands
TABLE 34 LAMEA Carob Market by Country, 2021 - 2027, USD Thousands
TABLE 35 Brazil Carob Market, 2017 - 2020, USD Thousands
TABLE 36 Brazil Carob Market, 2021 - 2027, USD Thousands
TABLE 37 Brazil Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 38 Brazil Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 39 Brazil Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 40 Brazil Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 41 Brazil Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 42 Brazil Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 43 Argentina Carob Market, 2017 - 2020, USD Thousands
TABLE 44 Argentina Carob Market, 2021 - 2027, USD Thousands
TABLE 45 Argentina Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 46 Argentina Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 47 Argentina Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 48 Argentina Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 49 Argentina Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 50 Argentina Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 51 UAE Carob Market, 2017 - 2020, USD Thousands
TABLE 52 UAE Carob Market, 2021 - 2027, USD Thousands
TABLE 53 UAE Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 54 UAE Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 55 UAE Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 56 UAE Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 57 UAE Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 58 UAE Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 59 Saudi Arabia Carob Market, 2017 - 2020, USD Thousands
TABLE 60 Saudi Arabia Carob Market, 2021 - 2027, USD Thousands
TABLE 61 Saudi Arabia Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 62 Saudi Arabia Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 63 Saudi Arabia Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 64 Saudi Arabia Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 65 Saudi Arabia Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 66 Saudi Arabia Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 67 South Africa Carob Market, 2017 - 2020, USD Thousands
TABLE 68 South Africa Carob Market, 2021 - 2027, USD Thousands
TABLE 69 South Africa Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 70 South Africa Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 71 South Africa Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 72 South Africa Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 73 South Africa Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 74 South Africa Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 75 Nigeria Carob Market, 2017 - 2020, USD Thousands
TABLE 76 Nigeria Carob Market, 2021 - 2027, USD Thousands
TABLE 77 Nigeria Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 78 Nigeria Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 79 Nigeria Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 80 Nigeria Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 81 Nigeria Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 82 Nigeria Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 83 Rest of LAMEA Carob Market, 2017 - 2020, USD Thousands
TABLE 84 Rest of LAMEA Carob Market, 2021 - 2027, USD Thousands
TABLE 85 Rest of LAMEA Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 86 Rest of LAMEA Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 87 Rest of LAMEA Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 88 Rest of LAMEA Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 89 Rest of LAMEA Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 90 Rest of LAMEA 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