Market revenue in 2023 | USD 56.6 million |
Market revenue in 2030 | USD 75.1 million |
Growth rate | 4.1% (CAGR from 2023 to 2030) |
Largest segment | Natural |
Fastest growing segment | Organic |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Natural, Organic |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carob powder market will help companies and investors design strategic landscapes.
natural was the largest segment with a revenue share of 56.18% in 2023. Horizon Databook has segmented the Global carob powder market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.
More consumers become aware of the nutritional advantages of carob powder, there is a growing demand for products that contain this ingredient. This has led to an expansion in the variety of food and beverage products that incorporate carob powder, including snacks, drinks, and baking ingredients.
Additionally, the rise in health-conscious consumer behavior has prompted food manufacturers to promote carob powder as a natural, plant-based alternative to traditional cocoa powder, which has contributed to its increased use in the food industry.
Furthermore, the perception of carob powder as a healthier option due to its low-fat content, high fiber content, and lack of caffeine has influenced consumer purchasing decisions, leading to a surge in the market demand for carob-based products.
Horizon Databook provides a detailed overview of global-level data and insights on the Global carob powder market , including forecasts for subscribers. This global databook contains high-level insights into Global carob powder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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