The North America Carob Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
Carob powder does not contain sodium, which makes it a perfect product for people who consume a low-sodium diet. In addition, the high consumption of sodium can lead to a high risk of elevated blood pressure, osteoporosis, stroke, heart attack, and kidney problems. For example, as per the Mayo Clinic, the average American receives 3,400 mg of sodium on the daily basis. This quantity is more than the required and recommended dietary allowance (RDA) of 2,300 mg. Additionally, the American Heart Association states that 1,500 mg of sodium is enough for a person’s daily consumption. Hence, carob is estimated to gain more momentum in the North American region over the forecast period.
The high disposable income of the consumers in this region is motivating consumers to spend more on healthy food substitutes, which would support the growth of the regional carob market. The increasing health awareness among the consumers and the high prevalence of chronic diseases are among the major factors fueling the growth of the regional market. The increasing number of people with caffeine intolerance and sodium intolerance would create more demand for carob in this region.
Moreover, the trend of consuming a gluten-free diet is also supporting the growth of the regional carob market. There are numerous health benefits offered by carobs like low cholesterol, more antioxidants, and high fiber that are attracting more consumers towards it. Carob is increasingly used in the manufacturing of pet food items, which is propelling the regional market growth due to the increasing population of pets across the region.
The US market dominated the North America Powder Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $25,026.9 Thousands by 2027. The Canada market is experiencing a CAGR of 11.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 10.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Carob Market is Estimated to Reach USD 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Carob Market, by Product
1.4.2 North America Carob Market, by Application
1.4.3 North America Carob Market, by Distribution Channel
1.4.4 North America 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. North America Carob Market by Product
3.1 North America Gum Market by Country
3.2 North America Powder Market by Country
3.3 North America Others Market by Country
Chapter 4. North America Carob Market by Application
4.1 North America Bakery & Confectionery Market by Country
4.2 North America Nutrition & Supplements Market by Country
4.3 North America Dairy Products Market by Country
4.4 North America Pharmaceuticals Market by Country
4.5 North America Other Application Market by Country
Chapter 5. North America Carob Market by Distribution Channel
5.1 North America Supermarket/Hypermarket Market by Country
5.2 North America Direct Supply Market by Country
5.3 North America E-commerce Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Carob Market by Country
6.1 US Carob Market
6.1.1 US Carob Market by Product
6.1.2 US Carob Market by Application
6.1.3 US Carob Market by Distribution Channel
6.2 Canada Carob Market
6.2.1 Canada Carob Market by Product
6.2.2 Canada Carob Market by Application
6.2.3 Canada Carob Market by Distribution Channel
6.3 Mexico Carob Market
6.3.1 Mexico Carob Market by Product
6.3.2 Mexico Carob Market by Application
6.3.3 Mexico Carob Market by Distribution Channel
6.4 Rest of North America Carob Market
6.4.1 Rest of North America Carob Market by Product
6.4.2 Rest of North America Carob Market by Application
6.4.3 Rest of North America 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 North America Carob Market, 2017 - 2020, USD Thousands
TABLE 2 North America Carob Market, 2021 - 2027, USD Thousands
TABLE 3 North America Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 4 North America Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 5 North America Gum Market by Country, 2017 - 2020, USD Thousands
TABLE 6 North America Gum Market by Country, 2021 - 2027, USD Thousands
TABLE 7 North America Powder Market by Country, 2017 - 2020, USD Thousands
TABLE 8 North America Powder Market by Country, 2021 - 2027, USD Thousands
TABLE 9 North America Others Market by Country, 2017 - 2020, USD Thousands
TABLE 10 North America Others Market by Country, 2021 - 2027, USD Thousands
TABLE 11 North America Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 12 North America Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 13 North America Bakery & Confectionery Market by Country, 2017 - 2020, USD Thousands
TABLE 14 North America Bakery & Confectionery Market by Country, 2021 - 2027, USD Thousands
TABLE 15 North America Nutrition & Supplements Market by Country, 2017 - 2020, USD Thousands
TABLE 16 North America Nutrition & Supplements Market by Country, 2021 - 2027, USD Thousands
TABLE 17 North America Dairy Products Market by Country, 2017 - 2020, USD Thousands
TABLE 18 North America Dairy Products Market by Country, 2021 - 2027, USD Thousands
TABLE 19 North America Pharmaceuticals Market by Country, 2017 - 2020, USD Thousands
TABLE 20 North America Pharmaceuticals Market by Country, 2021 - 2027, USD Thousands
TABLE 21 North America Other Application Market by Country, 2017 - 2020, USD Thousands
TABLE 22 North America Other Application Market by Country, 2021 - 2027, USD Thousands
TABLE 23 North America Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 24 North America Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 25 North America Supermarket/Hypermarket Market by Country, 2017 - 2020, USD Thousands
TABLE 26 North America Supermarket/Hypermarket Market by Country, 2021 - 2027, USD Thousands
TABLE 27 North America Direct Supply Market by Country, 2017 - 2020, USD Thousands
TABLE 28 North America Direct Supply Market by Country, 2021 - 2027, USD Thousands
TABLE 29 North America E-commerce Market by Country, 2017 - 2020, USD Thousands
TABLE 30 North America E-commerce Market by Country, 2021 - 2027, USD Thousands
TABLE 31 North America Others Market by Country, 2017 - 2020, USD Thousands
TABLE 32 North America Others Market by Country, 2021 - 2027, USD Thousands
TABLE 33 North America Carob Market by Country, 2017 - 2020, USD Thousands
TABLE 34 North America Carob Market by Country, 2021 - 2027, USD Thousands
TABLE 35 US Carob Market, 2017 - 2020, USD Thousands
TABLE 36 US Carob Market, 2021 - 2027, USD Thousands
TABLE 37 US Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 38 US Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 39 US Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 40 US Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 41 US Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 42 US Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 43 Canada Carob Market, 2017 - 2020, USD Thousands
TABLE 44 Canada Carob Market, 2021 - 2027, USD Thousands
TABLE 45 Canada Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 46 Canada Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 47 Canada Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 48 Canada Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 49 Canada Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 50 Canada Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 51 Mexico Carob Market, 2017 - 2020, USD Thousands
TABLE 52 Mexico Carob Market, 2021 - 2027, USD Thousands
TABLE 53 Mexico Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 54 Mexico Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 55 Mexico Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 56 Mexico Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 57 Mexico Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 58 Mexico Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 59 Rest of North America Carob Market, 2017 - 2020, USD Thousands
TABLE 60 Rest of North America Carob Market, 2021 - 2027, USD Thousands
TABLE 61 Rest of North America Carob Market by Product, 2017 - 2020, USD Thousands
TABLE 62 Rest of North America Carob Market by Product, 2021 - 2027, USD Thousands
TABLE 63 Rest of North America Carob Market by Application, 2017 - 2020, USD Thousands
TABLE 64 Rest of North America Carob Market by Application, 2021 - 2027, USD Thousands
TABLE 65 Rest of North America Carob Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 66 Rest of North America Carob Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 67 Key information – TIC Gums, Inc.
TABLE 68 Key Information –DuPont de Nemours, Inc.
TABLE 69 Key Information – The Hain Celestial Group, Inc.
TABLE 70 Key Information – Tate & Lyle PLC
TABLE 71 Key information – Euroduna Americas, Inc.
TABLE 72 Key information – The Carob Kitchen
TABLE 73 Key Information – NOW Foods, Inc.
TABLE 74 Key information – Jedwards International, Inc.
TABLE 75 Key information – Alpine Herb Company, Inc.
TABLE 76 Key information – Barry Farm Foods
List of Figures
FIG 1 Methodology for the research