Carob powder market is anticipated to grow at a considerable CAGR of 9.6% during the forecast period (2024-2031). The increasing preference for natural and nutritious alternatives like carob powder, renowned for its low-fat content, absence of caffeine, and high-fibre content has driven its adoption among bakers. Additionally, the rising popularity of vegan and plant-based diets has propelled the demand for carob powder as a suitable substitute for cocoa powder in various food and beverage applications and also the expansion of the food and beverage industry, coupled with ongoing product innovation.

For instance, in 2023, NOW Foods unveiled a novel line of carob powder products tailored for baking purposes, offering selections like Dutch-processed carob powder to enhance the chocolate flavour profile.

Further, in September 2021, Creta Carob, a prominent manufacturer of carob-based goods, disclosed the augmentation of its production capabilities through the inauguration of a new carob processing facility. This expansion has notably elevated the output of carob powder and other associated products.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Ingredion, Tate & Lyle plc, The Hain Celestial Group, Inc., Nestle., THE AUSTRALIAN CAROB CO., and others.

Carob Powder Market Report Segment

By Application

Food and beverages 
Pharmaceuticals

A full Report of Carob Powder Market is Available @  https://www.omrglobal.com/industry-reports/carob-powder-market

Carob Powder Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

AEP Colloids
Alpine Herb Company Inc.
Altrafine Gums 
Auroduna Americas (EURODUNA Rohstoffe GmbH)
THE AUSTRALIAN CAROB CO.
Bob's Red Mill Natural Foods, Inc.
com
Carob S.A.
Chatfield's (Panos Brands)
Mondelez Global Direct Inc.
Country Life Natural Foods
Cretacarob
CyberColloids
EurlOuasdi International (Carob Algeria)
Forest Whole Foods (Forest Whole Foods Ltd.)
Frontier Co-op
Healthworks
INDUSTRIAS RALDA S.A.
Ingredients UK
Jedwards International, Inc. 

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