The global carob market is expected to garner a market value of USD 761.6 million in 2023, further accumulating a market value of USD 1,129.3 million by registering a CAGR of 4.0% in the forecast period from 2023 to 2033. The growth of the carob market can be attributed to the increasing awareness regarding the benefits of the same, along with its medicinal properties. The market for carob registered a CAGR of 1.9% in the historical period 2018 to 2022.
Data Points | Key Statistics |
---|---|
Estimated Base Year Value (2022) | USD 732.3 million |
Expected Market Value (2023) | USD 761.6 million |
Anticipated Forecast Value (2033) | USD 1,129.3 million |
Projected Growth Rate (2023 to 2033) | 4.0% CAGR |
Carob (Ceratonia siliqua) is a native plant to the eastern Mediterranean especially in Middle East countries. Carob is also called a locust bean and is primarily cultivated for its edible pods in majorly Mediterranean regions which include Southern Europe, North Africa, and the Canary Islands. Carob powder is also used as a substitute for cocoa powder in various bakery products.
Carob-based bars are consumed as an alternative to chocolate-based bars worldwide. Carob does not contain caffeine and theobromine (which is intolerant to some animals) and therefore is widely used in chocolate-flavored pet food for dogs and other animals. Carob pod meal is widely used as a rich source of energy for livestock, particularly for ruminants. Carob in the food industry is used as a thickening, gelling, stabilizing, or substitute for low-calorie food products.
Carob is fat-free, rich in pectin, and contains a high amount of proteins. Carob is primarily used in the production of confectionery and bakery products and a variety of beverages. Carob is also used for making flour and molasses and is a substitute for coffee.
The global demand for carob is projected to increase at a CAGR of 4.0% during the forecast period between 2023 and 2033, reaching a total of USD 1129.3 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 1.9%.
The use of carob is increasing in nearly all age groups. This is owing to the nutritional health benefits provided by carob. In addition, the multi-purpose use of carob in different food products along with the same being used for the livestock industry. Furthermore, the use of carbon in mainstream food and desserts is paving the way for innovation in the food market.
Increasing use in the food and beverage industry accelerating market growth
The global carob market driving factors are increasing demand for bakery products coupled with the convenience of foods. Increasing opportunities in the bakery and confectionery industry is also another factor in driving the carob market along with the rise in the production of carob.
Increasing demand for carob powder in various bakery products and confectionery has strengthened the growth of the global carob market and hence is projected to significantly expand the revenue contribution of the market over the forecast period. Carob syrup is used as a natural sweetener and is considered a rich source of calcium. Hence, the global carob market is expected to increase its revenue contribution over the forecast period significantly.
Multi-purpose use of carob favoring the growth of the market
Carob is also used for treating diarrhea and cancer helps in reducing cholesterol levels, and are some of the factors driving the global carob market. Carob powder is widely used as an alternative to cocoa powder due to its health benefits, a major driving factor for the global carob market. Hence, the global carob market is expected to observe robust growth over the forecast period.
Rising costs of carob derailing growth of the market
The reduced supply of carob powder across the globe is reducing the opportunities for adding the same in different food products. In addition, rising market costs of carob are hampering the growth of the same. Moreover, reduced availability of substitutes such as cocoa beans and powder will reduce carob market demand, lowering global market value and size.
Countries | CAGR (2022) |
---|---|
United States | 9.6% |
Germany | 5.4% |
China | 4.6% |
Japan | 3.1% |
India | 27.7% |
Increasing health awareness and gluten-free food making carob popular
The high disposable income of the consumers in this region is motivating consumers to spend more on healthy food substitutes. This, in turn, is expected to support the growth of the North American carob market. In addition, increasing health awareness among consumers and the high prevalence of chronic diseases bolstered the carob market demand. Moreover, the prevalence of caffeine intolerance and sodium intolerance population is expected to create more demand for carob in this region.
The trend of consuming a gluten-free diet is also supporting the growth of the regional carob market. Numerous health benefits offered by carbs, like low cholesterol, more antioxidants, and high fiber, are attracting more consumers. Carob is increasingly used in the manufacturing of pet food items and is propelling regional market growth due to the increasing population of pets across the region. Thus, due to the aforementioned reasons, North America is expected to hold a 29.1% market share for the carob market in 2023.
The nutritional qualities of carob boost the growth of the market
The carob products market in Europe is primarily driven by the high consumption of bakery & confectioneries and dairy products. Consumers in this region seek products, which contain natural ingredients and additives for preventing health issues.
The increasing use of carob for pet food and other animal feed in Europe has been contributing to the growth of the carob market. The confluence of all these abovementioned facts has encouraged food & beverages as well as animal feed manufacturers to use healthy & natural additives such as stevia. Thus, owing to the reasons mentioned above, Europe is expected to possess a 24.5% market share for the carob market in 2023.
Urbanization and retail sectors creating lucrative opportunities for the carob market
The growing fad of gluten-free diets along with the easy availability of carob-based products is increasing the demand for carob in the Asia Pacific market. In addition, the nutritional benefits of carbs are attracting a larger consumer base, especially in countries like India and China. In addition, urbanization, along with the penetration of retail stores, is changing the dynamics of the carob market. Thus, Asia Pacific is expected to procure a 22% market share for the carob market in 2023.
The inclination toward sweetly packaged food bolsters demand carob
The bakery & confectionery industry has high growth potential and is anticipated to garner a remarkable position in food processing. This is attributed to the surge in demand for bakery & confectionery items, owing to busy lifestyles and an increase in preference for fresh & ready-to-eat convenience foods comprising high nutritional values.
Upsurge in the consumption of bakery products, especially the packaged variety, has augmented the demand for natural food additives and flavors, thereby supplementing the growth of the global carob market. Thus, the bakery and confectionery segment is expected to hold a 35% market share for the carob market in 2023.
Wide variety of products increasing sales of carob products in retail stores
Increasing urbanization, a rising working-class population, and competitive pricing are boosting the popularity of supermarkets and hypermarkets in developed and developing regions. Supermarkets and hypermarket is a one-stop shops for a wide variety of products. Thus, easy accessibility and availability of different brands further increase the consumer base of retail stores.
Retail stores include supermarket hypermarkets and specialty stores that focus on maximizing product sales to increase their profit margins. Supermarkets and hypermarkets effectively display a variety of carob products of different brands. In North America and Europe, supermarkets and hypermarkets are the most preferred retail outlets for the purchase of consumer goods.
Retail stores are expected to possess a 40% market share of the carob market.
Key start-up players in the carob market are Savvy Foods Ltd and CarobWay
In September 2022, CarobWay, a key start-up player, announced that it is planning to grow and export carob in a sustainable way and is assuring fair trade to the growers.
Some of the key players identified across the value chain of the global carob market include Australian Carobs Pty Ltd., CAROB S.A., EURODUNA AMERICAS INC., CyberColloids Ltd., The Hain Celestial Group, Inc., Carobs Australia Inc., Creta Carob, Lewis Confectionery Pty Ltd and MADANARGAN.
The companies are expected to expand their business by enhancing their product portfolio in the global carob market. The companies are projected to frame certain strategies in the future in order to gain a competitive advantage in the global carob market till 2033
Recent Developments
Attribute | Details |
---|---|
Market Value in 2023 | USD 761.6 million |
Market Value in 2033 | USD 1,129.3 million |
Growth Rate | CAGR of 4.0% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
Form, Distribution Channel, Application, Region |
Regions Covered |
North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled |
United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled |
Australian Carobs Pty Ltd.; Euroduna Americas Inc.; CyberColloids Ltd.; The Hain Celestial Group Inc.; Savvy Foods Ltd.; Carobs Australia Inc.; Creta Carob; Lewis Confectionery Pty Ltd; Frontier Co-op; Oak Haven Inc. |
Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Tons) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 4: Global Market Volume (Tons) Forecast by Form, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033
Table 6: Global Market Volume (Tons) Forecast by Distribution Channel, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 8: Global Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 12: North America Market Volume (Tons) Forecast by Form, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033
Table 14: North America Market Volume (Tons) Forecast by Distribution Channel, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 16: North America Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 19: Latin America Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 20: Latin America Market Volume (Tons) Forecast by Form, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033
Table 22: Latin America Market Volume (Tons) Forecast by Distribution Channel, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 24: Latin America Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 25: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Western Europe Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 27: Western Europe Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 28: Western Europe Market Volume (Tons) Forecast by Form, 2018 to 2033
Table 29: Western Europe Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033
Table 30: Western Europe Market Volume (Tons) Forecast by Distribution Channel, 2018 to 2033
Table 31: Western Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 32: Western Europe Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 33: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Eastern Europe Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 35: Eastern Europe Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 36: Eastern Europe Market Volume (Tons) Forecast by Form, 2018 to 2033
Table 37: Eastern Europe Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033
Table 38: Eastern Europe Market Volume (Tons) Forecast by Distribution Channel, 2018 to 2033
Table 39: Eastern Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 40: Eastern Europe Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 41: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 43: South Asia and Pacific Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 44: South Asia and Pacific Market Volume (Tons) Forecast by Form, 2018 to 2033
Table 45: South Asia and Pacific Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033
Table 46: South Asia and Pacific Market Volume (Tons) Forecast by Distribution Channel, 2018 to 2033
Table 47: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 48: South Asia and Pacific Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 49: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 50: East Asia Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 51: East Asia Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 52: East Asia Market Volume (Tons) Forecast by Form, 2018 to 2033
Table 53: East Asia Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033
Table 54: East Asia Market Volume (Tons) Forecast by Distribution Channel, 2018 to 2033
Table 55: East Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 56: East Asia Market Volume (Tons) Forecast by Application, 2018 to 2033
Table 57: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 58: Middle East and Africa Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 59: Middle East and Africa Market Value (US$ Million) Forecast by Form, 2018 to 2033
Table 60: Middle East and Africa Market Volume (Tons) Forecast by Form, 2018 to 2033
Table 61: Middle East and Africa Market Value (US$ Million) Forecast by Distribution Channel, 2018 to 2033
Table 62: Middle East and Africa Market Volume (Tons) Forecast by Distribution Channel, 2018 to 2033
Table 63: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 64: Middle East and Africa Market Volume (Tons) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Form, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Distribution Channel, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Tons) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 10: Global Market Volume (Tons) Analysis by Form, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033
Figure 14: Global Market Volume (Tons) Analysis by Distribution Channel, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 18: Global Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 21: Global Market Attractiveness by Form, 2023 to 2033
Figure 22: Global Market Attractiveness by Distribution Channel, 2023 to 2033
Figure 23: Global Market Attractiveness by Application, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Form, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Distribution Channel, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 34: North America Market Volume (Tons) Analysis by Form, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033
Figure 38: North America Market Volume (Tons) Analysis by Distribution Channel, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 42: North America Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 45: North America Market Attractiveness by Form, 2023 to 2033
Figure 46: North America Market Attractiveness by Distribution Channel, 2023 to 2033
Figure 47: North America Market Attractiveness by Application, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Form, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Distribution Channel, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 58: Latin America Market Volume (Tons) Analysis by Form, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033
Figure 62: Latin America Market Volume (Tons) Analysis by Distribution Channel, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 66: Latin America Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Form, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Distribution Channel, 2023 to 2033
Figure 71: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Western Europe Market Value (US$ Million) by Form, 2023 to 2033
Figure 74: Western Europe Market Value (US$ Million) by Distribution Channel, 2023 to 2033
Figure 75: Western Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 76: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Western Europe Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 79: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Western Europe Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 82: Western Europe Market Volume (Tons) Analysis by Form, 2018 to 2033
Figure 83: Western Europe Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 84: Western Europe Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 85: Western Europe Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033
Figure 86: Western Europe Market Volume (Tons) Analysis by Distribution Channel, 2018 to 2033
Figure 87: Western Europe Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033
Figure 88: Western Europe Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033
Figure 89: Western Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 90: Western Europe Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 91: Western Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 92: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 93: Western Europe Market Attractiveness by Form, 2023 to 2033
Figure 94: Western Europe Market Attractiveness by Distribution Channel, 2023 to 2033
Figure 95: Western Europe Market Attractiveness by Application, 2023 to 2033
Figure 96: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Eastern Europe Market Value (US$ Million) by Form, 2023 to 2033
Figure 98: Eastern Europe Market Value (US$ Million) by Distribution Channel, 2023 to 2033
Figure 99: Eastern Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 100: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Eastern Europe Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 103: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Eastern Europe Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 106: Eastern Europe Market Volume (Tons) Analysis by Form, 2018 to 2033
Figure 107: Eastern Europe Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 108: Eastern Europe Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 109: Eastern Europe Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033
Figure 110: Eastern Europe Market Volume (Tons) Analysis by Distribution Channel, 2018 to 2033
Figure 111: Eastern Europe Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033
Figure 112: Eastern Europe Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033
Figure 113: Eastern Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 114: Eastern Europe Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 115: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 116: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 117: Eastern Europe Market Attractiveness by Form, 2023 to 2033
Figure 118: Eastern Europe Market Attractiveness by Distribution Channel, 2023 to 2033
Figure 119: Eastern Europe Market Attractiveness by Application, 2023 to 2033
Figure 120: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 121: South Asia and Pacific Market Value (US$ Million) by Form, 2023 to 2033
Figure 122: South Asia and Pacific Market Value (US$ Million) by Distribution Channel, 2023 to 2033
Figure 123: South Asia and Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 124: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 127: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: South Asia and Pacific Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 130: South Asia and Pacific Market Volume (Tons) Analysis by Form, 2018 to 2033
Figure 131: South Asia and Pacific Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 132: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 133: South Asia and Pacific Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033
Figure 134: South Asia and Pacific Market Volume (Tons) Analysis by Distribution Channel, 2018 to 2033
Figure 135: South Asia and Pacific Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033
Figure 136: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033
Figure 137: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 138: South Asia and Pacific Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 139: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 140: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 141: South Asia and Pacific Market Attractiveness by Form, 2023 to 2033
Figure 142: South Asia and Pacific Market Attractiveness by Distribution Channel, 2023 to 2033
Figure 143: South Asia and Pacific Market Attractiveness by Application, 2023 to 2033
Figure 144: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 145: East Asia Market Value (US$ Million) by Form, 2023 to 2033
Figure 146: East Asia Market Value (US$ Million) by Distribution Channel, 2023 to 2033
Figure 147: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 148: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 149: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 150: East Asia Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 151: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 152: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 153: East Asia Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 154: East Asia Market Volume (Tons) Analysis by Form, 2018 to 2033
Figure 155: East Asia Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 156: East Asia Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 157: East Asia Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033
Figure 158: East Asia Market Volume (Tons) Analysis by Distribution Channel, 2018 to 2033
Figure 159: East Asia Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033
Figure 160: East Asia Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033
Figure 161: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 162: East Asia Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 163: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 164: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 165: East Asia Market Attractiveness by Form, 2023 to 2033
Figure 166: East Asia Market Attractiveness by Distribution Channel, 2023 to 2033
Figure 167: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 168: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 169: Middle East and Africa Market Value (US$ Million) by Form, 2023 to 2033
Figure 170: Middle East and Africa Market Value (US$ Million) by Distribution Channel, 2023 to 2033
Figure 171: Middle East and Africa Market Value (US$ Million) by Application, 2023 to 2033
Figure 172: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 173: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 174: Middle East and Africa Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 175: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 176: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 177: Middle East and Africa Market Value (US$ Million) Analysis by Form, 2018 to 2033
Figure 178: Middle East and Africa Market Volume (Tons) Analysis by Form, 2018 to 2033
Figure 179: Middle East and Africa Market Value Share (%) and BPS Analysis by Form, 2023 to 2033
Figure 180: Middle East and Africa Market Y-o-Y Growth (%) Projections by Form, 2023 to 2033
Figure 181: Middle East and Africa Market Value (US$ Million) Analysis by Distribution Channel, 2018 to 2033
Figure 182: Middle East and Africa Market Volume (Tons) Analysis by Distribution Channel, 2018 to 2033
Figure 183: Middle East and Africa Market Value Share (%) and BPS Analysis by Distribution Channel, 2023 to 2033
Figure 184: Middle East and Africa Market Y-o-Y Growth (%) Projections by Distribution Channel, 2023 to 2033
Figure 185: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 186: Middle East and Africa Market Volume (Tons) Analysis by Application, 2018 to 2033
Figure 187: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 188: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 189: Middle East and Africa Market Attractiveness by Form, 2023 to 2033
Figure 190: Middle East and Africa Market Attractiveness by Distribution Channel, 2023 to 2033
Figure 191: Middle East and Africa Market Attractiveness by Application, 2023 to 2033
Figure 192: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The global carob market is anticipated to grow at a CAGR of 4.0% from 2023 to 2033, reaching a value of USD 1,129.3 million by 2033.
The Asia Pacific region is forecast to be the most lucrative for carob market growth, with a CAGR of 22% from 2023 to 2033.
The prominent carob players are Carob SA, The Australian Carob Co., Savvy Carob, Carobana, and Terra Carob.
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