Carob Market

Carob Market Size, Industry Analysis Report,
Regional Outlook: Global Market Insights Inc.
Carob Market size will witness substantial growth owing to its application in food &
beverages, pharmaceutical, bakery, cereals and dairy products. Rising demand for
bakery products along with convenience foods and confectionery are the major factor
driving the product growth. Convenience food industry is growing at a CAGR of above
7.5% in past seven years that in turn has increased its consumption.
Carobs are used in medicinal applications for reducing cholesterol, improving digestion,
treatment of diarrhoea and cancer. It practices in foods improves fibre content and
increases shelf life. These are rich in protein, pectin and fat free and addition to
sunflower oil reduces tocopherol loss during heating. These do not contain caffeine and
can be used in place of chocolate by people having caffeine intolerance that is
anticipated to propel carob market in forecast period.
Carob or locust bean and St John’s bread is an evergreen shrub or tree that belongs to
pea family generally found in Middle East countries. These are majorly cultivated in
Mediterranean region that includes Southern Europe, the Canary Islands and Northern
Africa. Its powder is used as a substitute to cocoa powder in bakery and low-calorie
food products.
These are used as gelling, thickening & stabilizing agent in food industry. Further, it is
primarily used as substitute of coffee and making flour, molasses. It does not contain
theobromine and useful for pet foods.
Carob pod meal is rich source of energy and serves as fodder for livestock specially
ruminants. These need to be kept in temperature controlled environment and there are
shipping restrictions and prohibitions on special packaging. It may contain Salmonella, a
bacteria that persists in low water activity foods. If nuts are not roasted prior to
grinding, the probability of occurrence of these bacteria increases. However, limited
availability and excessive cost are the restraining factors of the industry trend.
Based on form, carob market is classified into solid form and liquid form. Solid form has
substantial growth owing to its application in bakery, confectionary and foods &
beverages products. In liquid form, these are used as syrups that are natural sweeteners
and rich source of calcium (more than thrice that of milk). Bakery industry has grown at
a CAGR above 5% in last five years that in turn has augmented its consumption.
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Browse key industry insights from the report “Carob Market Size, Industry Analysis
Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China,
Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi
Arabia, UAE, South Africa), Application Development Potential, Price Trends,
Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of
contents:
https://www.gminsights.com/industry-analysis/carob-market
On the basis of the application, carob market is segmented into bakery, confectionary,
food and beverages, snack bar, cereals, dairy and other products. The bakery product
contributes significant growth with its use in cakes, cookies, pancakes and bread as an
alternative for chocolate. These are preferred over chocolate as these require less sugar
and do not contain caffeine, bromine or oxalic acids.
Their tree bark contains tannin that provides protection from predation and can be
used as pesticides. Additionally, It is extensively used in cosmetics for preparation of
face packs and agriculture for improving soil fertility.
Europe has dynamic growth in global carob market with the increasing demand in the
bakery and confectionary industry. Spain, Italy, Portugal and Greece are the major
producers. North America is following the Europe trend with its use in breakfast
cereals. In 2016, the average per capita consumption was 6.6 kg and largest market for
cereals product.
Asia Pacific has substantial share in the carob market with application in food, beverage
and dairy products. In this region, bakery industry is growing at a CAGR above 6.5% in
recent years. Middle East and Africa holds moderate share owing to demand of bakery
and confectionery products. Morocco, Turkey, Algeria and Lebanon are some of the
major producers in this region.
Prominent players of carob market are Australian Carobs, Euroduna Americas, Cyber
colloids, Savvy Foods, The Hain Celestial, Creta, Lewis Confectionary and Madanargan to
name a few. Companies are trying to expand their business by increasing product
portfolio with vast applications in different fields.
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