Carob Market Report 2025 (Global Edition)

Global Carob Market Report 2025 Market Size Split by Form Outlook: (Solid, Liquid), by Distribution Channel Outlook: (Fitness Stores, Health Stores, Online Stores, Other Distribution Channels), by App...

Carob Market Report Description

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Competitive Landscape of the Carob Market

In the Carob market's competitive landscape, numerous key competitors are driving innovation and growth. Prominent industry participants in this market encounter fierce rivalry and possess substantial consumer bases for their goods in both regional and worldwide marketplaces. New product introductions and the formation of strategic business units in emerging markets such as China and India are anticipated to be the primary tactics among industry stakeholders.

In March 2023, the Hain Celestial Group, a substantial food and beverage corporation, acquired Carob Products, a leading manufacturer of carob-based products. The acquisition is part of Hain Celestial's strategy to expand its portfolio of organic and sustainable food and beverage products. (Source: https://ir.hain.com/news-releases/news-release-details/hain-celestial-announces-accretive-strategic-acquisition-2) In February 2023, Carob House, a leading producer of carob, announced the launch of a new line of carob-based snacks and drinks. The new products aim to attract health-conscious customers seeking organic, sugar-free chocolate alternatives. (Source: https://www.cerealdocks.it/images/news/Postition_Paper_Alt-choc/GSV_PositionPaper_3_SWEET%20INNOVATORS%20PAVING%20THE%20WAY%20FOR%20THE%20WILLY%20WONKAS%20OF%20THE%20FUTURE_compressed.pdf) In January 2023, Azure Standard, the premier distributor of organic and non-GMO food goods, has purchased Missy J’s Carob & Sweet Treats, the producer of carob products. The firm sought to improve merchants' access to carob goods and broaden its online marketing operations via this strategic purchase.

(Source: https://www.specialtyfood.com/news-media/news-features/member-press-releases/new-ownership-announcement-azure-standard-acquires-missy-j%E2%80%99s-carob-sweet-treats/)

Top Companies Market Share in Carob Industry: (In no particular order of Rank)

• Australian Carobs Pty Ltd.
• Euroduna Americas Inc.
• CyberColloids Ltd.
• The Hain Celestial Group Inc.
• Savvy Foods Ltd.
• Carobs Australia Inc.
• Creta Carob
• Lewis Confectionery Pty Ltd
• Frontier Co-op
• Oak Haven Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Carob Market

Which Region Dominates the Carob Market in 2024?

According to Cognitive Market Research, North America currently dominates the Carobs market, and the region is expected to have significant growth during the projected period. Carob powder, made from the carob tree, may replace cocoa powder in vegan recipes. Consumers may enjoy chocolate-like tastes while following their diets. These reasons are propelling the regional market.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The increasing popularity of carob powder due to its substantial nutritional value is the primary reason propelling product demand in the area.

The current report Scope analyzes Carob Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Carob

According to Cognitive Market Research, the global Carob market size was estimated at USD 315.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 126.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Carob market with a market size of USD 99.60 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The U.S. market's Growing demand for natural and plant-derived components.
• The Canada Carob market had a market share of USD 15.15 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada’s Increasing customer inclination towards healthier eating alternatives.
• The Mexico Carob market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 11.49 million in 2024.

Europe Carob

According to Cognitive Market Research, the global Carob market size was estimated at USD 315.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 94.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Carob market had a market share of USD 15.91 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Carob sales witness an upswing due to the Increasing recognition of carob's health advantages.
• The France Carob market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 8.71 million in 2024.
• According to Cognitive Market Research, the German Carob market size was valued at USD 18.75 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, Carob surged due to the Augmentation of uses in functional foods and nutraceuticals.
• The Italy Carob market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 8.14 million in 2024.
• The Russian Carob market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 14.68 million in 2024.
• The Spain Carob market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 7.76 million in 2024
• The Luxembourg Carob market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 2.94 million in 2024.
• The Portugal Carob market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 1.99 million in 2024.
• The Greece Carob market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 1.14 million in 2024.
• The Rest of Europe's Carob market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 14.68 million in 2024.

Asia Pacific Carob

According to Cognitive Market Research, the global Carob market size was estimated at USD 315.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 72.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Carob market size was valued at USD 32.66 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Carob surged in China due to Innovations in carob-producing technology.
• The Japan Carob market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 10.02 million in 2024.
• The India Carob market had a market share of USD 8.71 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's Expanding production of bread goods.
• The South Korean Carob market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 7.26 million in 2024.
• The Australian Carob market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 3.77 million in 2024.
• The South East Asia Carob market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 5.01 million in 2024.
• The Rest of Asia Pacific Carob market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 5.15 million in 2024.

South America Carob

According to Cognitive Market Research, the global Carob market size was estimated at USD 315.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 15.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Carob market size was valued at USD 6.75 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Carobs flourished in Brazil due to Growing desire for natural and healthier eating options.
• Argentina's Carob market had a market share of USD 2.65 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's Increasing inclination for plant-based components.
• Colombia Carob market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 1.40 million in 2024.
• Peru Carob market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 1.29 million in 2024.
• Chile Carob market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 1.14 million in 2024.
• The Rest of Latin America's Carob market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 2.54 million in 2024.

Middle East Carob

According to Cognitive Market Research, the global Carob market size was estimated at USD 315.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 6.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries Carob market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 2.70 million in 2024. Carob sales flourish due to the Increasing recognition of the health advantages of carob.
• The Egypt Carob market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 0.66 million in 2024.
• The South Africa Carob market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 1.00 million in 2024. Carob sales flourished in South Africa due to Increasing application in the food and beverage sector.
• The Turkey Carob market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 0.54 million in 2024.
• The Nigeria Carob market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 0.66 million in 2024.
• The Rest of the MEA Carob market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 0.74 million in 2024.

Carob Market Analysis

How are Segments Performing in the Global Carob Market?

Carob Market Form Segment Analysis

According to Cognitive Market Research, solid category are likely to dominate the Carob Market over the forecast period. This is mostly attributable to the extensive utilization of carob powder as a natural sweetener and chocolate alternative in diverse culinary products, encompassing baked goods, snacks, and drinks.

The liquid category is the fastest-growing segment in the Carob Market. The expansion is driven by the rising demand for carob-based drinks and syrups, which are preferred for their natural sweetness and health advantages, attracting health-conscious customers.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Carob Industry. Request a Free Sample PDF!

Carob Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the Health Stores segment holds the largest share of the market. This is due to the fact that customers who are concerned about their health often choose to buy carob goods from specialist shops that provide a wide selection of natural and organic items.

In the Carob Market, the Online Stores sector has been expanding at a rapid pace. Through the use of e-commerce platforms, the sales of carob products have greatly increased as a result of the convenience of online shopping, as well as the growing trend of buying health foods and supplements online.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Carob Application Outlook: Segment Analysis

Carob Market Application Segment Analysis

According to Cognitive Market Research, The Bakery Products segment holds the largest market share. Carob powder is a popular option for customers who are looking for healthier alternatives to typical chocolate-based items since it is frequently utilized as a natural sweetener and as a replacement for cocoa in a variety of baked goods.

In the Carob market, the rapidly growing sector is the Nutrition & Supplements category. The growing knowledge among consumers of the health advantages of carob, such as its high fiber content and natural sweetness, has led to an increase in the market for nutritional supplements and health products that are based on carob.

• Bakery Products
• Dairy Products
• Nutrition & Supplements
• Pharmaceuticals
• Other Applications

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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