Carob Market

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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. 2 | P a g e
About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Website: https://www.gminsights.com/ 3 | P a g e
Page 1: Carob Market Size, Industry Analysi

Carob Market

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