Carob Market

By Product Type;

Powder, Gum and Others

By Application;

Bakery & Confectionery, Nutrition & Supplements, Dairy Products, Pharmaceuticals and Others

By Distribution Channel;

Online Retail, Retail Stores, Online B2B and B2B Direct Supply

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn582181763 Published Date: September, 2025 Updated Date: November, 2025

Carob Market Overview

Carob Market (USD Million)

Carob Market was valued at USD 167.97 million in the year 2024. The size of this market is expected to increase to USD 290.68 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.


Carob Market

*Market size in USD million

CAGR 8.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.2 %
Market Size (2024)USD 167.97 Million
Market Size (2031)USD 290.68 Million
Market ConcentrationMedium
Report Pages375
167.97
2024
290.68
2031

Major Players

  • AEP Colloids
  • Altrafine Gums
  • Australian Carobs Pty Ltd.
  • Carob S.A.
  • DuPont de Nemours, Inc.
  • Pedro Perez
  • Savvy Carob Co Ltd
  • Stavros Parpis Foods Ltd
  • Tate and Tyle
  • TIC Gums, Inc

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Carob Market

Fragmented - Highly competitive market without dominant players


The Carob Market is experiencing steady growth, driven by rising demand for healthier substitutes to cocoa. Over 57% of consumers seeking low-caffeine and low-fat options are turning to carob-based products. Its ability to deliver health benefits, provide natural flavor, and support nutritional diets has strengthened its adoption across the food industry.

Nutritional Benefits Supporting Market Growth
Carob is recognized for being rich in antioxidants, dietary fiber, and minerals, making it highly desirable in health foods. Around 49% of functional and wellness formulations now include carob extracts. Its impact on digestion, blood sugar balance, and weight management contributes to its growing role in the wellness market.

Strong Presence in Food and Beverage Products
More than 54% of natural bakery, confectionery, and beverage products incorporate carob for flavoring and nutritional purposes. With its qualities as a gluten-free, naturally sweet, and health-friendly ingredient, it continues to gain acceptance among both producers and consumers.

Innovation Driving Market Expansion
Nearly 38% of recent product launches in this market are focused on innovative forms of carob, including powders, syrups, and fortified blends. These advancements improve versatility, expand product categories, and make carob more appealing for modern dietary preferences. Innovation remains a cornerstone of its market expansion.

Positive Outlook with Supportive Policies
Government initiatives, greater consumer awareness, and expanding plant-based nutrition trends are fueling growth. Over 44% of structured dietary programs recommend the use of carob as a natural substitute. With ongoing investments, favorable policies, and continuous innovations, the market is set for sustained long-term growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Carob Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health benefits awareness

        2. Increased lactose intolerance

        3. Natural ingredient preference

        4. Demand for gluten-free products

      2. Restraints
        1. High production costs

        2. Limited cultivation regions

        3. Seasonality of carob harvest

        4. Variability in carob quality

      3. Opportunities
        1. Growing organic food market

        2. Expansion in emerging markets

        3. Increased online retailing

        4. Partnerships with health food brands

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Carob Market, By Product Type, 2021 - 2031 (USD Million)
      1. Powder
      2. Gum
      3. Others
    2. Carob Market, By Application, 2021 - 2031 (USD Million)
      1. Bakery & Confectionery
      2. Nutrition & Supplements
      3. Dairy Products
      4. Pharmaceuticals
      5. Others
    3. Carob Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Online Retail
      2. Retail Stores
      3. Online B2B
      4. B2B Direct Supply
    4. Carob Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. The Australian Carob Co.
      2. Frontier Co-op
      3. NOW Foods, Inc.
      4. Alpine Herb Company, Inc.
      5. Jedwards International, Inc.
      6. Bob’s Red Mill Natural Foods
      7. Altrafine Gums
      8. Pedro Perez
      9. DuPont / DuPont de Nemours, Inc.
      10. Tate & Lyle PLC
      11. Starvos Papis Food Ltd.
      12. Savvy Carob Co. Ltd.
      13. Creta Carob
      14. Carob S.A.
      15. Barry Farm Foods
  7. Analyst Views
  8. Future Outlook of the Market