Carob Powder Market Analysis by Product Type (Natural and Organic Carob Powder), by Sales Channel (B2B, B2C), by Region – Global Forecast 2022 to 2032
/EIN News/ — USA, Rockville, MD, May 25, 2022 (GLOBE NEWSWIRE) — According to detailed industry analysis by Fact.MR, a market research and competitive intelligence provider, the market global carob powder is expected to grow at a CAGR of 6.3% from 2022 to 2032.
The many health benefits of carob, such as its high calcium content, caffeine-free status, and cholesterol-free status, make it a popular option in food products.
One of the major factors driving the demand for carob is the growing demand for bakery items and convenience foods. Other factors fueling the demand for carob are increased potential in the bakery and confectionery industries, as well as increased production of carob.
Carob powder is also often used as cattle feed. In this regard, the growth of the animal feed market is expected to have a beneficial impact on the growth of the global carob powder industry in the coming years. Carob powder also has some inherent qualities, such as disease resistance and diabetic friendliness, which have helped it gain traction in the food sector.
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The adoption of healthier gluten-free options for use in baked goods by the global community is a key driver for the expansion of the carob powder market. The highly profitable carob, which is widely used as a thickening and stabilizing agent to replace fat in low calorie foods, will help expand the carob powder market.
Key insights from market research
- The global carob powder market will reach a valuation of US$105.9 billion by 2032.
- The North America market is expected to grow at 6.7% CAGR during the forecast period.
- The market in China represents 46.7% of the global market.
- The B2B sales channel is expected to grow 6.7% CAGR from 2022 to 2032.
“Carob powder manufacturers around the world are launching vegan food products in various food categories to capture more market share as the vegan population grows. Such considerations are expected to expand the reach of carob powder as a vegan ingredient in the creation of various food products over the next few years,” says a Fact.MR analyst
To learn more about Sales of natural carob powderyou can contact our analyst at
Market players have been working tirelessly to introduce innovations and emerging products to maintain market strength in the broader food and beverage industry. To differentiate themselves from the competition, industrial giants engage in various marketing techniques such as acquisitions, mergers and collaborations.
With the growing demand for carob powder in the global industry, carob powder manufacturers are expected to see profitable growth prospects over the next few years.
More valuable information in offer
Fact.MR, in its new offering, presents an unbiased analysis of the global carob powder market, presenting historical demand data (2017-2021) and forecast statistics for the period 2022-2032.
The study discloses key market insights based on product type (natural and organic) and sales channel (B2B and B2C), across five major regions of the world (North America, Europe, Asia-Pacific, Americas Latin and MEA).
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About the Food and Beverage Division of Fact.MR
Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced food and beverage team help customers around the world meet their unique business intelligence needs. With a repository of over a thousand reports and over a million data points, the team has analyzed the agribusiness industry in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services. Contact us to find out how we can help you.
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