Carob Powder Market
Carob Powder Market Analysis By Product Type (Natural and Organic Carob Powder), By Sales Channel (B2B, B2C), By Region - Global Forecast 2022 to 2032
Analysis of Carob Powder market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Carob Powder Market Outlook (2022 to 2032)
Global consumption of carob powder is expected to increase rapidly at a CAGR of 6.3% from 2022 to 2032. The global carob powder market was valued at US$ 54.9 billion in 2021 and is anticipated to reach a market valuation of US$ 105.9 billion by the end of 2032.
| Report Attributes | Details |
|---|---|
| Carob Powder Market Size (2022) | US$ 57.5 Billion |
| Projected Year Value (2032) | US$ 105.9 Billion |
| Global Market Growth Rate (2022 to 2032) | 6.3% CAGR |
| China Market Share (2022) | 44.4% |
| Key Companies Profiled | THE AUSTRALIAN CAROB CO.; Frontier Co-op.; Barry Farm Foods; NOW Foods; Ingredients UK Ltd.; Jedwards International, Inc.; Alpine Herb Company Inc. |
Natural carob powder sales are projected to increase at a CAGR of 6.8% from 2022 to 2032, attributed to their health benefits and increasing product availability.
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Demand Analysis of Carob Powder (2017 to 2021) Vs Market Outlook (2022 to 2032)
“Rising Application of Carob Powder in Pharmaceuticals and Food & Beverage Sectors”
The global carob powder market was valued at US$ 54.9 billion in 2021.
Carob powder is a sort of carob pod-based cuisine. After drying, the pod is ground into a powder. The flavor of carob seed flour is sweet and chocolate-like. It's frequently used in place of cocoa powder or chocolate. Cakes, cookies, and other desserts can all be made from carob seed powder. Smoothies, yoghurt, and carob chocolates can all benefit from this ingredient.
Carob bean powder has a lot of calcium, fiber, and protein; therefore, it has several health advantages. Furthermore, the powder is vegan, gluten-free, caffeine-free, and naturally sweet; therefore there's no need to add sugar. Carob also includes nearly no saturated fat and no cholesterol, making it a favorite choice among health-conscious consumers.
Rising disposable income and an increasing vegan population are boosting the sales of raw carob powder. The growing popularity of confectionery and baked items among suburban residents and rising carob chocolate sales are set to fuel market expansion over the coming years.
Carob powder consumption is projected to increase at a noteworthy CAGR of 6.3% from 2022 to 2032.
What’s Fuelling Worldwide Sales of Carob Powder?
“Growing Carob Powder Usage as Dietary Supplement”
Growing market opportunities for functional food are being driven by expanding urbanization and increasingly hectic lifestyles. Carob powder contains polyphenol antioxidants, making it a good source of fiber. Carob powder products have anti-inflammatory, anti-cancer, anti-diabetic, and neuroprotective qualities, all of which are driving carob flour demand from the dietary supplement and pharmaceutical industries.
Carob powder ingredients are used for human dietary food processing since it contains more than 95% protein isolate and has a well-balanced amino acid makeup. Carob powder is also utilized in the food sector as a thickening, stabilizing, and gelling ingredient.
Carob pod meal is also a good source of energy and is used as a livestock feed, especially for ruminants. Because carob powder for dogs has no caffeine or bromine, it is extensively used in animal pet diets, particularly dog food. Carob flour market opportunities are increasing due to rising demand for animal feed, growing usage of carob powder for skin, and increased awareness about animal welfare.
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What’s Impeding Carob Powder Market Growth?
“Presence of Alternatives & High Cost of Carob Powder Products Restraining Market Expansion”
Limited availability and the presence of alternatives in the carob powder market are some of the significant issues the carob market will face over the coming years, even hurting the sales growth of carob gum.
Raw material shortages, the high cost of carob powder products, and the lack of knowledge about the benefits of carob powder are factors that are hampering market growth.
Which Region Accounts for Most Demand for Carob Powder?
“Growing Consumer Interest in Healthy Alternatives Driving North America Market Growth”
North America accounts for 33% share of the global carob powder market.
The average American consumes 3,400 mg of sodium each day, according to Mayo Clinic. This is significantly more than the RDA of 2,300 mg. Even less is recommended by the American Heart Association, at 1,500 mg per day.
As such, demand for carob is likely to acquire considerable pace in the North American market over the forecast period.
Consumer interest in healthy alternatives to chocolate is also credited for market growth. North America is one of the world's largest consumers of chocolate and bakery items.
Furthermore, customers are adjusting their preferences toward plant-based or plant-derived products, resulting in the growth of the vegan community. Carob powder demand in the region will eventually rise as a result of this.
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Country-wise Insights
How Will the U.S. Carob Powder Market Perform Going Forward?
“Rising Demand for Organic Carob Powder Driving Market Expansion”
The U.S. carob powder market is projected to expand at a CAGR of 6.7% from 2022 to 2032.
Rising demand for gluten-free diets in the United States is expected to boost spending on carob powder as a natural ingredient in the commercial and domestic sectors over the forecast period.
Growing demand for carob powder usage in various confectionery and bakery items, rising demand for organic carob powder, and growing preference for healthy food alternatives are all driving market growth in the U.S.
Why is China a Prominent Market for Carob Powder Suppliers?
“Prominent Presence of Carob Powder Brands in China”
China is expected to account for 46.7% revenue share of the global carob powder market by 2032.
Key players are increasing their investments and launching new products to capitalize on the potential expansion of carob powder sales. The key element driving product demand in China is the growing popularity of carob powder due to its high nutritious value.
In addition, the increasing availability of carob powder in supermarkets and hypermarkets and the presence of carob powder brands are expected to raise demand in the future years. Furthermore, due to the rising prevalence of diabetes in China, altering consumer preference toward sugar-free options is likely to boost the demand for unsweetened carob powder over the coming years.
Category-wise Insights
Will Natural Carob Powder Capture Higher Market Share?
“Growing Demand for Natural Carob Powder to Increase Nutritional Value of Food”
Natural carob powder accounts for 59.3% of the global carob powder market share.
Segment growth can be attributed to natural carob powder, which is the raw material for artificial chocolates, being more widely available and extremely popular.
For health reasons, consumers choose products that contain natural components and additives. A major reason propelling segment growth is the availability of natural carob powder at lower rates than organic carob powder.
Which Sales Channel Will Be Most Rewarding for Market Players?
“B2B Sales Channel Accounts for High Sales of Carob Powder Products”
The B2B segment, in terms of sales channel, is expected to rise at a CAGR of 6.7% over the forecast period. This is due to the increased use of carob powder in confectionery and baking items.
The worldwide bakery sector has grown in recent years as industry participants have increased their investments in the production of nutritious baked goods and premium artisanal items.
Growing carob powder ingredient demand in the production of baked items is driving market growth. Companies manufacturing vegan and health supplements are mainly concentrating on introducing vegan and sugar-free food products to obtain a competitive advantage, adding to segment growth over the coming years.
Competitive Landscape
Product innovation is projected to be a key success factor for the worldwide carob powder industry. Carob powder manufacturers are boosting their investments in the manufacture and development of carob-based confectionery products.
As the carob powder market becomes increasingly competitive, leading competitors are concentrating their efforts on achieving higher production capacity to meet consumer expectations.
Key Segments Covered in Carob Powder Industry Research
-
Carob Powder Market by Product Type :
- Natural Carob Powder
- Organic Carob Powder
-
Carob Powder Market by Sales Channel :
- B2B Sales of Carob Powder
- B2C Sales of Carob Powder
-
Carob Powder Market by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Type
- 9.1. Natural
- 9.2. Organic
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Sales Channel
- 10.1. B2B
- 10.2. B2C
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. THE AUSTRALIAN CAROB CO.
- 21.2. Frontier Co-op.
- 21.3. Barry Farm Foods
- 21.4. NOW Foods
- 21.5. Ingredients UK Ltd.
- 21.6. Jedwards International, Inc.
- 21.7. Alpine Herb Company Inc.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Sales Channel
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Sales Channel
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Sales Channel
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Sales Channel
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Sales Channel
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Sales Channel
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Sales Channel
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Sales Channel
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Product Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Product Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By Sales Channel, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By Sales Channel, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Product Type, 2022 (E)
Figure 18: North America Market Value Share, By Sales Channel, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Product Type, 2022 (E)
Figure 26: Latin America Market Value Share, By Sales Channel, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Product Type, 2022 (E)
Figure 34: Europe Market Value Share, By Sales Channel, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Product Type, 2022 (E)
Figure 42: South Asia Market Value Share, By Sales Channel, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Product Type, 2022 (E)
Figure 50: East Asia Market Value Share, By Sales Channel, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Product Type, 2022 (E)
Figure 58: Oceania Market Value Share, By Sales Channel, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Product Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By Sales Channel, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Product Type, 2022 (E)
Figure 75: U. S. Market Value Share, By Sales Channel, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Product Type, 2022 (E)
Figure 78: Canada Market Value Share, By Sales Channel, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Product Type, 2022 (E)
Figure 81: Mexico Market Value Share, By Sales Channel, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Product Type, 2022 (E)
Figure 84: Brazil Market Value Share, By Sales Channel, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Product Type, 2022 (E)
Figure 87: U. K. Market Value Share, By Sales Channel, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Product Type, 2022 (E)
Figure 90: Germany Market Value Share, By Sales Channel, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Product Type, 2022 (E)
Figure 93: France Market Value Share, By Sales Channel, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Product Type, 2022 (E)
Figure 96: Italy Market Value Share, By Sales Channel, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Product Type, 2022 (E)
Figure 99: Spain Market Value Share, By Sales Channel, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Product Type, 2022 (E)
Figure 102: Russia Market Value Share, By Sales Channel, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Product Type, 2022 (E)
Figure 105: China Market Value Share, By Sales Channel, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Product Type, 2022 (E)
Figure 108: Japan Market Value Share, By Sales Channel, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Product Type, 2022 (E)
Figure 111: South Korea Market Value Share, By Sales Channel, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Product Type, 2022 (E)
Figure 114: India Market Value Share, By Sales Channel, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Product Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By Sales Channel, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Product Type, 2022 (E)
Figure 120: Australia Market Value Share, By Sales Channel, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Product Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By Sales Channel, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Product Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By Sales Channel, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Product Type, 2022 (E)
Figure 129: Turkey Market Value Share, By Sales Channel, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Product Type, 2022 (E)
Figure 132: South Africa Market Value Share, By Sales Channel, 2022 (E)
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global carob powder market size?
The global carob powder market is estimated to be worth US$ 57.5 billion in 2022.
Which growth dynamics drive the carob powder market?
Rising demand for carob powder in several end-use industries and the rise in investments in the development of carob powder products are driving market growth.
Who are the key suppliers of carob powder?
THE AUSTRALIAN CAROB CO., Frontier Co-op., Barry Farm Foods, NOW Foods, and Ingredients UK Ltd. are prominent suppliers of carob powder.
At what CAGR is the carob powder market expected to progress?
The global market for carob powder is anticipated to increase at a CAGR of 6.3% over the forecast period of 2022 to 2032.
Which sales channel of carob powder drives higher demand?
B2B sales of carob powder account for 62.9% share of the global market.
Which are the top 5 countries driving most demand for carob powder?
The U.S., Germany, Mexico, China, and the U.K are expected to drive most demand for carob powder.
Carob Powder Market