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Carob is harvested from Ceratonia siliqua or the carob tree which belongs to the legume family. Carob pods are rich in calcium, sodium, potassium, magnesium, fiber, and protein, resulting in its increasing application in the food industry. Carob is a natural sweetener and is used as a healthier substitute for chocolate as it contains low amounts of fat and sugar and does not contain caffeine.          

The global carob market has been segmented based on category, form, application, and region.

Carob Market

The global carob market has been segregated, by category, into conventional and organic. The conventional segment is expected to dominate the global carob market during the assessment period. However, the organic segment is expected to register a higher CAGR during the forecast period owing to rising consumer preference for organic products.  

On the basis of form, the global carob market has been divided into powder, gum, and others. The gum segment is expected to dominate the global carob market during the assessment period owing to the growing application of carob gum in the food industry as a substitute for guar gum. However, the powder segment is expected to exhibit the highest CAGR during the forecast period with rising application in the bakery and pharmaceuticals industries.

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