The North America Carob Chocolate Market would witness market growth of 5.2% CAGR during the forecast period (2021-2027).
Carob chocolates are easily available in various food stores offering healthy food products. Carob is extracted from carob tree and then it is dried, roasted and then finally converted into carob powder which is used for making carob chocolates. Carob chocolate and carob chips are similar to regular chocolates and chocolate chips but with a different taste. These chocolates are less bitter as compared to regular chocolates made up of cocoa powder.
According to the American Heart Association, consumption of 1500 mg per day is enough for the human body. Moreover, the high income of people in urbanized countries like the U.S. permits the consumers of the region to spend on healthy food products. Carobs and their products have been proved in numerous studies to boost human health and aid in the prevention of various chronic diseases. The people in North American region are highly interested in consumption of foods which are delicious as well as have rich nutrient. Additionally, the increasing number of caffeine intolerant and sodium intolerant people would also increase the adoption of carob chocolate. Hence, these factors are expected to accelerate the growth of the carob chocolate market in the region during the forecasting period.
The US market dominated the North America Carob Chocolate Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $313.7 million by 2027. The Canada market is estimated to witness a CAGR of 7.6% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 6.7% during (2021 - 2027).
Based on Product, the market is segmented into Bars, Chips, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores & Drug Stores, Healthy & Specialty Stores, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Carob Chocolate Market is Estimated to reach $1.1 Billion by 2027, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Missy J’s, Caroboo, Supertreats, Iswari Portugal - Alma & Valor, LDA, Uncommon Carob, The Carob Kitchen, The Carob World, D&D Chocolates Ltd., and Carobou LLC.
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