Carob Bars Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Category (Tablets, Countlines, Pouches & Bags, Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, Others), and By Region
Published on: 2024-10-21 | No of Pages : 320 | Industry : Consumer Goods and Retail
Publisher : MIR | Format : PDF&Excel
Carob Bars Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Category (Tablets, Countlines, Pouches & Bags, Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, Others), and By Region
The Global Carob Bars market is anticipated to grow at a rate of steady CAGR during the forecast period, 2022-2026. The growing health consciousness among the consumers and the rise in the demand for healthy products are the key factors driving the demand for the global carob bars market growth.
Carob is obtained from the carob tree, which bears the fruit like a dark brown pea pod containing seeds and pulp in it. The toasted pod is ground into carob powder which can be used for the making of cocoa powder. The carob powder is used to make carob bars, and this technique has been used since ancient times to make different kinds of alternative edible items.
Carob is found at in different forms such as powder, syrup, extract pills, bars, chips, and other forms to attract customers. It offers several health benefits, such as it contains a low amount of fat and sugar, a large number of fiber and antioxidants, and no caffeine and gluten. It is becoming a popular substitute to satisfy sweet cravings without adversely impacting an individual's health. Carob consists of twice the amount of calcium compared to cocoa.
Rising Incidences of Lifestyle Disorders Drives the Market Demand
The growing prevalence of obesity and other chronic disorders around the globe resulting in untimely cardiovascular disorders, diabetes is raising the awareness among the consumers towards the consumption of healthy food items. Unlike the conventional chocolate, carob bar consists of refined sugar-free, no theobromine or caffeine, gluten, and soya free which provides a healthy alternative to the consumers.
The rise in the importance of organic food and increasing adoption of healthy eating habits are driving the demand for the consumption of healthy food items. Carob power consists of no sodium, so it provides a good alternative to people preferring a low-sodium diet.
Consumption of high sodium content fuels the risk of high blood pressure, osteoporosis, and kidney problem, adversely affecting an individual's health. The high demand for consumption of carob bars among health-conscious customers is gaining momentum around the globe as it has high fiber content, containing no low cholesterol and fat, and other health benefits.
Increase in Awareness About Health Benefits of Carob Spurs the Market Growth
Consumption of carob bars is healthy for the people suffering from diabetes as it a safe way than eating sugar. The pod obtained from the carob tree consists of seeds that the growers use to make gum like substance called tragasol which is often used as a thicker and stabilizer in a variety of food items. Upon the extraction of gum, growers use the seed residue to make carob flour majorly consisting of protein.
Rapid Urbanization and Hectic Lifestyle Fuels the Demand for Healthy Food Items
Supportive government policies and schemes promoting infrastructural growth are improving the economic conditions in developing countries. The growing rate of movement of people to urban areas and the adoption of a sedentary lifestyle leave less time for physical activities and take proper care of body and mind. The rise in the demand for the intake of the essential nutrients by the consumers to maintain a healthy body and prevent diseases in an individual is expected to boost the consumption of organic food items.
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Market Segmentation
The Global Carob Bars market is segmented on the basis of category, distribution channel, regional distribution, and competition landscape
Market Players
Supertreats Ltd, Herdade dos Lagos GmbH & Co. KG (HDL), eatcaroboo, The Australian Carob Co., The Chocolate Button Company Limited, Just Natural c/o CLF Distribution, Saveurs & Nature, CAROBINA, Lifefood Holland B.V., Bubble Goods, Inc., D & D Chocolates Limited, are among the major market players in the Global platform that lead the market growth of the Global Carob Bars market.
Attribute | Details |
Base Year | 2020 |
Historic Data | 2016 – 2019 |
Estimated Year | 2021 |
Forecast Period | 2022 – 2026 |
Quantitative Units | Revenue in USD Million, and CAGR for 2016-2020 and 2021-2026 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | CategoryDistribution Channel |
Regional scope | North America; Europe; Asia Pacific; Middle East & Africa; South America; |
Country scope | United States; Mexico; Canada; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; UAE; South Africa; Saudi Arabia; |
Key companies profiled | Supertreats Ltd, Herdade dos Lagos GmbH & Co. KG (HDL), eatcaroboo, The Australian Carob Co., The Chocolate Button Company Limited, Just Natural c/o CLF Distribution, Saveurs & Nature, CAROBINA, Lifefood Holland B.V., Bubble Goods, Inc., D & D Chocolates Limited |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report, Global Carob Bars market has been segmented into following categories, in addition to the industry trends which have also been detailed below
- Carob Bars Market, By Category
- Tablets
- Countlines
- Pouches & Bags
- Others
- Carob Bars Market, By Sales Channel
- Supermarket/Hypermarket
- Convenience Stores
- Online
- Others
- Carob Bars Market, By Region
- South America
- Brazil
- Argentina
- Colombia