Carob market is predicted to reach USD 0.74 billion at a CAGR of 4.55% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Carob market” that contains information from 2023 to 2032. The Carob market is estimated to register a CAGR of 4.55% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Carob market— Australian Carobs pty Ltd., Tate and Lyke, DuPont, Starvos Papis Food Ltd., Altrafine Gums and Pedro Perez.

Market Highlights

The global Carob market is accounted to register a CAGR of 4.55% during the forecast period and is estimated to reach USD 0.74 Billion by 2032.

The global carob market refers to the worldwide trade and consumption of carob products. Carob is a leguminous tree belonging to the Fabaceae family, primarily cultivated for its edible pods. The pods of the carob tree are rich in natural sugars, fibers, and various minerals, making them a popular ingredient in the food and beverage industry.

The market is driven by the food and beverage industry, which incorporates carob into various products to enhance taste, texture, and nutritional value. The market is competitive, with companies focusing on product innovation, quality, and marketing strategies to gain a competitive edge.

Segment Analysis

The global carob market has been segmented based on offerings, application and form.

On the basis of offerings, the market is segmented into conventional and organic. The organic segment dominated the market due to consumers' growing desire for natural and clean-label products.

Based on application, the market has been segmented into food & beverages, animal feed and personal care. This is due to increased demand for food and drink products brought on by a busy lifestyle and a preference for fresh, ready-to-eat convenience foods with excellent nutritional content.

Based on form, the market has been segmented into Powder and Gum. The market for carob gum is primarily driven by the baking, confectionary, and nutrition and supplement industries because carob gum is a great substitute for cocoa gum.

Regional Analysis

The global Carob market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Carob market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Carob market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Carob market comprises of Middle East, Africa, and Latin America.

North America is a significant market for carob products, driven by the increasing demand for healthy and natural food ingredients. The rising popularity of plant-based diets and the presence of major food and beverage manufacturers contribute to the growth of the carob market in this region.

Europe has a well-established market for carob products, driven by the region's growing health-conscious consumer base. The demand for carob powder as a cocoa substitute and the presence of a diverse range of food and confectionery industries contribute to the market's growth in Europe.

The Asia Pacific region is experiencing rapid growth in the carob market due to factors such as increasing disposable income, changing dietary preferences, and the rising awareness of health and wellness.

Furthermore, the rest of the world's Carob market is divided into the Middle East, Africa, and Latin America. Latin America has a significant presence in the carob market. The region's traditional use of carob in culinary applications and the growing demand for healthy food ingredients contribute to market growth.

Key Findings of the Study

• The global Carob market is expected to reach USD 0.74 Billion by 2032, at a CAGR of 4.55% during the forecast period.


• North America is a significant market for carob products, driven by the increasing demand for healthy and natural food ingredients. The rising popularity of plant-based diets and the presence of major food and beverage manufacturers contribute to the growth of the carob market in this region.


• Based on application, the market has been segmented into food & beverages, animal feed and personal care holding the largest market in 2022.

Australian Carobs pty Ltd, Tate and Lyke, DuPont, Starvos Papis Food ltd, Altrafine Gums and Pedro Perez.