Carob Extract Market
Carob Extract Market Study by Powder and Gum Form for Bakery & Confectionery, Nutrition & Supplements, Dairy Products, and Pharmaceuticals from 2024 to 2034
Analysis of Carob Extract Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Carob Extract Market Outlook (2024 to 2034)
The global carob extract market is benefiting from its increasing use in bakery and confectionary projects, and, as such, is expected to increase from a value of US$ 241.2 million in 2024 to US$ 410.2 million by 2034, expanding at a CAGR of 5.4% along the way.
Extracted from the carob tree (Ceratonia siliqua), carob extract finds application across diverse industries, including food and beverage production, nutraceuticals, cosmetics, and pharmaceuticals. The supply side of the market encompasses manufacturers and suppliers of carob extract, and the demand side encompasses businesses and consumers procuring and utilizing carob extract in their products and formulations.
Rising consumer preference for natural ingredients, versatility in applications, sustainability considerations, and innovation in product development are all contributing to the increasing sales of carob extract across the world.
Key Market Growth Drivers
- Growing health consciousness among consumers is driving the demand for natural alternatives like carob extract, which is recognized for its natural origins and health benefits.
- There is a rising awareness of the health advantages linked to carob extract, including its high fiber content, antioxidant properties, and potential for managing various health issues, thus contributing to market expansion.
- The food and beverage sector's rising inclination toward incorporating natural ingredients to meet consumer preferences for healthier choices is fostering the carob extract market growth.
- Carob extract serves as a natural sweetener, flavor enhancer, and functional ingredient in a variety of food and beverage products.
- Increasing adoption of vegan and plant-based diets is driving the demand for plant-derived alternatives such as carob extract, replacing animal-derived ingredients.
- Carob extract's perceived health benefits have made it a desirable ingredient in the nutraceutical and cosmetic sectors. It is utilized in supplements, skincare items, and other health and beauty formulations, boosting its demand.
| Report Attributes | Details |
|---|---|
| Carob Extract Market Size (2024E) | US$ 241.2 Million |
| Forecasted Market Value (2034F) | US$ 410.2 Million |
| Global Market Growth Rate (2024 to 2034) | 5.4% CAGR |
| North America Market Value (2024E) | US$ 49.2 Million |
| East Asia Market Value (2024E) | US$ 52 Million |
| Sales of Gum Form (2024E) | US$ 182 Million |
| Key Companies Profiled | Altrafine Gums; Savvy Foods; DuPont; Carob S.A; Stavros Parpis Foods Ltd.; Carob World; AEP Colloids; Australian Carobs Co.; Tate and Lyle; Cargill Pvt.; LBG Sicilia Ingredients |
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What is Driving Global Carob Extract Sales?
“Increasing Adoption of Food and Personal Care Products with Plant-based Ingredients”Top of Form
Rise in vegan and plant-based dietary preferences has resulted in heightened demand for plant-based components such as carob extract, offering substitutes to animal-derived ingredients across a range of products.
Top of Form More consumers are progressively opting for natural and plant-based substitutes in their food, beverages, and personal care items. Carob extract, sourced from the carob tree, aligns perfectly with this inclination towards natural ingredients. Carob extract is recognized for its numerous health advantages, characterized by its rich content of fiber, antioxidants, and polyphenols.
Carob trees are sustainable crops that thrive in arid regions with minimal water requirements. As a result, carob extract is regarded as an environmentally friendly ingredient choice, aligning with the concerns of manufacturers and consumers regarding sustainability.
Businesses are progressively integrating carob extract into fresh product formulations to fulfill the consumer desire for natural and healthier choices. This advancement in product development is contributing to the expansion of the carob extract market size.
What are the Obstacles Faced by Producers of Carob Extract?
“Insufficient Scientific Evidence to Support Effectiveness and Safety of Carob Extract”
Regulatory authorities establish restrictions or require substantial evidence to support health claims related to carob extracts. Whenever it comes to the claimed advantages of carob extracts, some customers are skeptical, especially in the absence of solid scientific proof.
This doubt is making people hesitant to purchase carob extracts, which is decreasing overall sales. Pharmaceutical alternatives are perceived as more potent or dependable, challenging the market position of carob extracts.
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Country-wise Insights
Why is the United States a Lucrative Market for Carob Extract Producers?
“Rising Incorporation of Carob Extract into Functional Food and Beverages”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 41.9 Million |
| Growth Rate (2024 to 2034) | 4.3% CAGR |
| Projected Value (2034F) | US$ 63.9 Million |
With the increasing adoption of veganism, there is a rising need for plant-derived ingredients. Carob extract's natural gluten-free composition and absence of common allergens such as dairy and nuts meet the rising demand for allergen-free and gluten-free food choices driven by sensitivities and dietary choices in the United States.
Carob extract is extensively incorporated into functional foods and beverages for its potential health advantages, including its high fiber, antioxidant, and vitamin content, all of which are sought-after nutritional attributes in many households in the country.
What are the Reasons for Rising Sales of Carob Extract in China?
“Educational Campaigns Promoting Use of Carob Extract”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 31.5 Million |
| Growth Rate (2024–2034) | 7.6% CAGR |
| Projected Value (2034F) | US$ 65.4 Million |
With growing health awareness, more consumers in China are actively seeking healthier options to replace conventional ingredients. Carob extract is seen as a preferable alternative to chocolate because of its reduced fat content, inherent sweetness, and absence of caffeine. Consumers in China are expanding their culinary horizons and actively searching for novel ingredients to diversify their food choices.
Carob extract offers a unique flavor profile and nutritional advantages that can be incorporated into various food products, catering to consumers seeking innovative options. Manufacturers are actively involved in innovating carob extract products, exploring novel formulations, flavors, and functional ingredients to align with changing consumer preferences and setting carob extract market trends.
Promotional activities and educational campaigns regarding the advantages of carob extract are also bolstering its sales in China. As consumers are gaining a better understanding of the health benefits and applications of carob extract, their inclination to purchase products containing it is increasing.
Category-wise Insights
Why Gum Account for a Significant Share in Sales of Carob Extracts?
“Increasing Demand for Gluten-Free and Plant-Based Options”
| Attribute | Gum |
|---|---|
| Market Value (2024E) | US$ 182 Million |
| Market Share (2024E) | 75.36% |
| Projected Value (2034F) | US$ 314 Million |
Carob gum, also referred to as locust bean gum, serves as a natural thickener and binder in various food products, including sauces, dressings, dairy alternatives, and baked goods, enhancing their texture and consistency. With its gluten-free and vegan-friendly nature, carob gum caters to consumers adhering to dietary restrictions or preferences, aligning with the increasing demand for gluten-free and plant-based options.
Regarded as a healthier and more natural substitute for some synthetic thickeners and stabilizers, carob gum is derived from the carob bean, appealing to consumers seeking clean-label products.
Featuring functional attributes like viscosity control, moisture retention, and stability enhancement, carob gum offers versatility across a broad spectrum of food and beverage formulations. Widely available in global markets, carob gum originates from regions cultivating carob trees, such as the Mediterranean region and parts of Asia, underscoring its substantial presence in sales of carob extracts.
Why is Carob Extract being Increasingly Used in Bakery & Confectionery Products?
“Extensive Use of Carob Extract as Natural Thickener, Binder, and Flavor Enhancer”
| Attribute | Bakery & Confectionery |
|---|---|
| Market Value (2024E) | US$ 70 Million |
| Market Share (2024E) | 29.12% |
| Projected Value (2034F) | US$ 124 Million |
Carob extract is a favored substitute for chocolate in bakery and confectionery products due to its naturally sweet taste and similar texture, making it appealing to those seeking caffeine-free or allergen-free options. Consumers are becoming more health conscious with an inclination toward more nutritious substances, such as carob extract, which contains a lesser fat content and is caffeine-free, under contemporary dietary habits.
Functional features of carob extract, including its use as a thickener, binder, and flavor enhancer, affect the way baked goods and confections taste. Being high in fiber, antioxidants, and vitamins, these extracts improve the nutritional content of baked goods and confections.
Available in various forms such as powder, syrup, and chips, carob extract offers versatility in bakery and confectionery recipes, providing a unique flavor profile and enhancing the appearance of products like baked goods, chocolates, and candies.
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Competitive Landscape
Key players in the carob extract market are Altrafine Gums, Savvy Foods, DuPont, Carob S.A, Stavros Parpis Foods Ltd., Carob World, AEP Colloids, Australian Carobs Co., Tate and Lyle, Cargill Pvt., and LBG Sicilia Ingredients. The carob powder market and the carotenes market are subsidiaries of this market.
- Previous observations have noted the impact of carob supplements on lipid profiles, with theories proposing that their ability to reduce lipid absorption could be responsible. The phenolic compounds found in carob extract also account for its documented antioxidant and anti-inflammatory properties, potentially reducing circulating IL-6 due to the presence of compounds like quercetin and gallic acid.
- Associate Professor Akiko Kojima from the Graduate School of Human Life Science at Osaka City University, along with collaborators, has demonstrated that carob powder extract, commonly substituted for cocoa and coffee powder, exhibits anti-obesity effects in both cellular and animal studies.
Key Segments of Carob Extract Market Research
-
By Form :
- Powder
- Gum
-
By Application :
- Bakery & Confectionery
- Nutrition & Supplements
- Dairy Products
- Pharmaceuticals
-
By Distribution Channel :
- Online Retail
- Retail Stores
- Online B2B
- B2B Direct Supply
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Background and Foundation Data Points
- 4. Global Market Demand (US$ Mn) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 5. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Form
- 5.3.1. Powder
- 5.3.2. Gum
- 6. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
- 6.3.1. Bakery & Confectionery
- 6.3.2. Nutrition & Supplements
- 6.3.3. Dairy Products
- 6.3.4. Pharmaceuticals
- 7. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Distribution Channel
- 7.3.1. Online Retail
- 7.3.2. Retail Stores
- 7.3.3. Online B2B
- 7.3.4. B2B Direct Supply
- 8. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 8.3.1. North America
- 8.3.2. Latin America
- 8.3.3. Europe
- 8.3.4. East Asia
- 8.3.5. South Asia & Oceania
- 8.3.6. Middle East and Africa (MEA)
- 9. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 10. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 11. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. South Asia & Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. Market Structure Analysis
- 16. Competition Analysis
- 16.3.1. Altrafine Gums
- 16.3.2. Savvy Foods
- 16.3.3. DuPont
- 16.3.4. Carob S.A
- 16.3.5. Stavros Parpis Foods Ltd.
- 16.3.6. Carob World
- 16.3.7. AEP Colloids
- 16.3.8. Australian Carobs Co.
- 16.3.9. Tate and Lyle
- 16.3.10. Cargill Pvt.
- 16.3.11. LBG Sicilia Ingredients
- 17. Assumptions and Acronyms Used
- 18. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Form, 2018 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Form, 2018 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Form, 2018 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Europe Market Value (US$ Mn) Analysis, by Form, 2018 to 2023
Table 41: Europe Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 43: Europe Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 44: Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2023
Table 47: Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Form, 2018 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 55: East Asia Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 56: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 58: East Asia Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2023
Table 59: East Asia Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Form, 2018 to 2023
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2023
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: MEA Market Value (US$ Mn) Analysis, by Form, 2018 to 2023
Table 77: MEA Market Value (US$ Mn) Analysis, by Form, 2024 to 2034
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Form, 2024 to 2034
Table 79: MEA Market Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 80: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 82: MEA Market Value (US$ Mn) Analysis, by Distribution Channel, 2018 to 2023
Table 83: MEA Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Form, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Form, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Form, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Form, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Form, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Form, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 52: Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Europe Market Share and BPS Analysis by Form, 2024 & 2034
Figure 57: Europe Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 58: Europe Market Attractiveness Analysis by Form, 2024 to 2034
Figure 59: Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 60: Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 61: Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 62: Europe Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 63: Europe Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 64: Europe Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 68: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 69: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 71: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 72: East Asia Market Share and BPS Analysis by Form, 2024 & 2034
Figure 73: East Asia Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 74: East Asia Market Attractiveness Analysis by Form, 2024 to 2034
Figure 75: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 76: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 77: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 78: East Asia Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 79: East Asia Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 80: East Asia Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2024 to 2034
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2024 & 2034
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Form, 2024 & 2034
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Form, 2024 to 2034
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Application, 2024 & 2034
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Application, 2024 to 2034
Figure 94: South Asia & Oceania Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 96: South Asia & Oceania Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 100: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 101: MEA Market Share Analysis by Country, 2024 & 2034
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 103: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 104: MEA Market Share and BPS Analysis by Form, 2024 & 2034
Figure 105: MEA Market Y-o-Y Growth Projections by Form, 2024 to 2034
Figure 106: MEA Market Attractiveness Analysis by Form, 2024 to 2034
Figure 107: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 108: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 109: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Figure 110: MEA Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 111: MEA Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 112: MEA Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the carob extract market in 2024?
The global carob extract market is estimated at US$ 241.2 million in 2024.
What are the forecasted sales value for carob extract in the United States?
Sales of carob extract in the United States are set to reach US$ 41.9 million in 2024.
What is the size of the market in China?
The China market for carob extract is calculated at US$ 31.5 million in 2024.
What are the sales projections for gum extract in 2024?
Worldwide sales of gum carob extract are valued at US$ 182 million in 2024.
What is the projected value of the bakery and confectionery segment for 2034?
The bakery and confectionery segment is projected reach US$ 124 million by 2034.
How is the market for carob extract faring in Japan?
The market in Japan has been forecasted to expand at 6.9% and reach US$ 29.9 million by 2034.
Carob Extract Market