Cold Brew Coffee Market Overview 2030: Trends, Challenges, and Opportunities
Carob is a south-after ingredient in the food and beverage industry. It is derived from Ceratonia siliqua also called a carob tree. The global market for carob is witness a rapid growth finds Market Research Future (MRFR) in its latest study. The product is extensively popular in regions such as Northern Africa, Southern Europe and Mediterranean Islands.
Carob Market size is expected to grow at a CAGR of 4.55% and reach a value of USD 0.7462 billion by 2032 due to growing demand for carob from the food and beverage industry and increasing incidence of gluten intolerance
Carob seeds and pulp are used as stabilizers, natural sweeteners, thickeners in preparation of a range of food item. Its application in food is also growing owing to its health benefits. Carob is viewed as a healthier alternative to cocoa powder. In addition, it is replacing many other additives such as gaur gum among others. Carob pods are used as fodder for livestock. Sub-market such as bakery present attractive market opportunities. Such factors are propelling the market forward.
Global Carob Market: Segmental Analysis
The segmental analysis of the global carob market has been conducted on the basis of application, category, form and region.
On the basis of application, the market has been segmented into dairy products, bakery and confectionery, snack and others. On the basis of category, the market has been segmented into organic and conventional. The former currently occupies the leading position. This is mainly owing to widespread availability of conventional carob. The conventional segment is expected to retain its top spot throughout the forecast period. The organic segment is also projected to be highly profitable. In fact, the segment is expected to exhibit a relatively higher CAGR during the assessment period. This is mainly owing to the rising popularity of organic products in various consumer markets across the globe. Based on form, the market has been segmented into gum, powder and others. The gum segmented is anticipated to maintain it leading position in 2019 and beyond. The segment’s growth can be attributed to the increased popularity of carob gum in the food industry. Carob gum is used as an alternation for gaur gum. These factors will continue to support the growth of the segment during the assessment period. The powder segment is anticipated to exhibit a relatively higher CAGR between 2019 and 2024. Growing usage of carob powder in bakery product and pharmaceutical product manufacturing is one of the key drivers of the segment.
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Carob is a south-after ingredient in the food and beverage industry. It is derived from Ceratonia siliqua also called a carob tree. The global market for carob is witness a rapid growth finds Market Research Future (MRFR) in its latest study. The product is extensively popular in regions such as Northern Africa, Southern Europe and Mediterranean Islands.
Carob Market size is expected to grow at a CAGR of 4.55% and reach a value of USD 0.7462 billion by 2032 due to growing demand for carob from the food and beverage industry and increasing incidence of gluten intolerance
Carob seeds and pulp are used as stabilizers, natural sweeteners, thickeners in preparation of a range of food item. Its application in food is also growing owing to its health benefits. Carob is viewed as a healthier alternative to cocoa powder. In addition, it is replacing many other additives such as gaur gum among others. Carob pods are used as fodder for livestock. Sub-market such as bakery present attractive market opportunities. Such factors are propelling the market forward.
Global Carob Market: Segmental Analysis
The segmental analysis of the global carob market has been conducted on the basis of application, category, form and region.
On the basis of application, the market has been segmented into dairy products, bakery and confectionery, snack and others. On the basis of category, the market has been segmented into organic and conventional. The former currently occupies the leading position. This is mainly owing to widespread availability of conventional carob. The conventional segment is expected to retain its top spot throughout the forecast period. The organic segment is also projected to be highly profitable. In fact, the segment is expected to exhibit a relatively higher CAGR during the assessment period. This is mainly owing to the rising popularity of organic products in various consumer markets across the globe. Based on form, the market has been segmented into gum, powder and others. The gum segmented is anticipated to maintain it leading position in 2019 and beyond. The segment’s growth can be attributed to the increased popularity of carob gum in the food industry. Carob gum is used as an alternation for gaur gum. These factors will continue to support the growth of the segment during the assessment period. The powder segment is anticipated to exhibit a relatively higher CAGR between 2019 and 2024. Growing usage of carob powder in bakery product and pharmaceutical product manufacturing is one of the key drivers of the segment.
Request for free sample copy: https://www.marketresearchfuture.com/sample_request/7778
Cold Brew Coffee Market Overview 2030: Trends, Challenges, and Opportunities
Carob is a south-after ingredient in the food and beverage industry. It is derived from Ceratonia siliqua also called a carob tree. The global market for carob is witness a rapid growth finds Market Research Future (MRFR) in its latest study. The product is extensively popular in regions such as Northern Africa, Southern Europe and Mediterranean Islands.
Carob Market size is expected to grow at a CAGR of 4.55% and reach a value of USD 0.7462 billion by 2032 due to growing demand for carob from the food and beverage industry and increasing incidence of gluten intolerance
Carob seeds and pulp are used as stabilizers, natural sweeteners, thickeners in preparation of a range of food item. Its application in food is also growing owing to its health benefits. Carob is viewed as a healthier alternative to cocoa powder. In addition, it is replacing many other additives such as gaur gum among others. Carob pods are used as fodder for livestock. Sub-market such as bakery present attractive market opportunities. Such factors are propelling the market forward.
Global Carob Market: Segmental Analysis
The segmental analysis of the global carob market has been conducted on the basis of application, category, form and region.
On the basis of application, the market has been segmented into dairy products, bakery and confectionery, snack and others. On the basis of category, the market has been segmented into organic and conventional. The former currently occupies the leading position. This is mainly owing to widespread availability of conventional carob. The conventional segment is expected to retain its top spot throughout the forecast period. The organic segment is also projected to be highly profitable. In fact, the segment is expected to exhibit a relatively higher CAGR during the assessment period. This is mainly owing to the rising popularity of organic products in various consumer markets across the globe. Based on form, the market has been segmented into gum, powder and others. The gum segmented is anticipated to maintain it leading position in 2019 and beyond. The segment’s growth can be attributed to the increased popularity of carob gum in the food industry. Carob gum is used as an alternation for gaur gum. These factors will continue to support the growth of the segment during the assessment period. The powder segment is anticipated to exhibit a relatively higher CAGR between 2019 and 2024. Growing usage of carob powder in bakery product and pharmaceutical product manufacturing is one of the key drivers of the segment.
Request for free sample copy: https://www.marketresearchfuture.com/sample_request/7778
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