Asia Pacific Carob Powder Market Size & Outlook, 2023-2030

The carob powder market in Asia Pacific is expected to reach a projected revenue of US$ 17.0 million by 2030. A compound annual growth rate of 5.2% is expected of Asia Pacific carob powder market from 2024 to 2030.
Revenue, 2023 (US$M)
$11.9
Forecast, 2030 (US$M)
$17.0
CAGR, 2024 - 2030
5.2%
Report Coverage
Asia Pacific

Asia Pacific carob powder market highlights

  • The Asia Pacific carob powder market generated a revenue of USD 11.9 million in 2023.
  • The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
  • In terms of segment, natural was the largest revenue generating product in 2023.
  • Organic is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, China is expected to register the highest CAGR from 2024 to 2030.

Asia Pacific data book summary

Market revenue in 2023USD 11.9 million
Market revenue in 2030USD 17.0 million
Growth rate5.2% (CAGR from 2023 to 2030)
Largest segmentNatural
Fastest growing segmentOrganic
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationNatural, Organic
Key market players worldwideNOW Foods, The Australian Carob Company, Frontier Co-op, OliveNation, Jedwards International

Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 21.1% of the global carob powder market in 2023.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 17.0 million by 2030.

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Carob Powder Market Scope

Carob Powder Market Companies

Name Profile # Employees HQ Website

Asia Pacific carob powder market outlook

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 53.78% in 2023. Horizon Databook has segmented the Asia Pacific carob powder market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.


  • Asia Pacific Carob Powder Product Outlook (Revenue, USD Million, 2018-2030)
    • Natural
    • Organic
  • Asia Pacific Carob Powder Application Outlook (Revenue, USD Million, 2018-2030)
    • B2B
      • Bakery
      • Confectionery
      • Others
    • B2C

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  • Our clientele includes a mix of carob powder market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific carob powder market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific carob powder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific carob powder market size, by country, 2018-2030 (US$M)

Asia Pacific Carob Powder Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific carob powder market size, by country, 2018-2030 (US$M)

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