(Entertainment-NewsWire.com, January 01, 2024 ) The total global market for the “Carob Market” was valued at USD 223.6 Mn in 2022 and is expected to grow at a CAGR of 5.3 percent over the forecast period to reach USD 319.2 Mn by 2029.
Carob Market Report Scope and Research Methodology
The Carob Market report presents a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment, other key aspects, and predictions. The Bottom approach was used to estimate the market size and SWOT analysis was used to analyze the industry’s weaknesses and strengths.
Carob Market Dynamics
Carob is often considered a healthier alternative to chocolate, as it is naturally sweet, low in fat, and caffeine-free. Growing awareness of health and wellness among consumers is expected to drive the demand for carob-based products and boost market growth.
Carob Market Regional Insights
Europe dominated the largest market share in 2022. As consumers become more health-conscious, there is a growing demand for healthier food alternatives. Carob is often considered a healthier option than traditional chocolate due to its lower fat content, caffeine-free nature, and various health benefits.
Maximize Market Research is leading Food and beverages research firm, has also published the following reports:
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