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Carob Chocolate Market Size, Share & Trends Analysis Report by Product (Bars, Chips), by Distribution Channel (Health & Specialty Stores, Supermarkets & Hypermarkets), by Region, and Segment Forecasts, 2021-2028

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    Report

  • 80 Pages
  • December 2021
  • Region: Global
  • Grand View Research
  • ID: 5516248
Description Jump to:
The global carob chocolate market size is expected to reach USD 1.31 billion by 2028, registering a CAGR of 6.4% over the forecast period. The growing product demand as a healthier alternative, coupled with the growing expansion of online retail in the nutritional foods sector is acting as a major driver. The growing consumer demand for foods of higher nutritional and sensory quality has encouraged the introduction of carob ingredients, in bakery products. Carob is a good source of antioxidants, as one tablespoon of it processed into a powder has approximately 25 calories, no saturated fat, no cholesterol, and 6g of carbohydrate. As compared to carob powder cocoa powder has more fat and caffeine. Carob also contains three times as much calcium as cocoa powder, has a high iron content, and is claimed to reduce cholesterol. Growing awareness regarding such benefits is driving product sales.

The increased consumer demand for organic products has prompted several manufacturers to enter new industries with a slew of product launches. In this regard, brands are coming up with organic carbo chocolates. For instance, in January 2020, Carobou, the official importer and producer of The Australian Carob Co., released organic carob chocolate bars under the brand Aussie USA, which is USDA-certified organic, soy-free, and caffeine-theobromine-free. The supermarkets & hypermarkets segment accounted for the maximum revenue share in 2020. Supermarkets/hypermarkets offer a variety of products. Owing to the increasing demand for healthy products, many of these stores have been increasing shelf space and providing trained professionals that guide customers about the quality of the products, offer food samples, and provide expert recommendations. The market is characterized by the presence of small companies owing to family businesses and startups. Key players are focusing on expanding their portfolios by introducing new products.

Carob Chocolate Market Report Highlights

  • North America accounted for the maximum share of the global revenue in 2020. The rising number of health-conscious consumers in the region is boosting the product demand as it is majorly promoted as a substitute for chocolate with no caffeine or theobromine content
  • The chips product segment is projected to register the fastest CAGR during the forecast period
  • The rising trend for preparing products using natural ingredients and clean-label products is expected to boost the demand for carob chocolate products, including carob chocolate chips
  • The others segment is expected to register the fastest CAGR during the forecast period. The others segment includes independent grocery stores, airport retail stores, gym stores, and e-commerce websites
  • Companies have been expanding their customer base by distributing products through various distribution channels

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation& Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Distribution channel Outlook
Chapter 3. Carob Chocolate Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of COVID-19 on the Carob Chocolate Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Driver Impact Analysis
3.5.2. Restraint Impact Analysis
3.5.3. Industry Challenges
3.5.4. Industry opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s Five Forces
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Carob Chocolate Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Carob Chocolate Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2020 & 2028
5.2. Bars
5.2.1. Market estimates and forecast by face creams & moisturizers, 2016 - 2028 (USD Million)
5.3. Chips
5.3.1. Market estimates and forecast by cleansers & face wash, 2016 - 2028 (USD Million)
5.4. Others
5.4.1. Market estimates and forecast by sunscreen, 2016 - 2028 (USD Million)
Chapter 6. Carob Chocolate Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution channel Movement Analysis & Market Share, 2020 & 2028
6.2. Supermarkets & Hypermarkets
6.2.1. Market estimates and forecast through supermarkets & hypermarkets, 2016 - 2028 (USD Million)
6.3. Convenience Stores & Drug Stores
6.3.1. Market estimates and forecast through convenience stores, 2016 - 2028 (USD Million)
6.4. Health & Specialty Stores
6.4.1. Market estimates and forecast through Pharmacy & drugstore, 2016 - 2028 (USD Million)
6.5. Others
6.5.1. Market estimates and forecast through online, 2016 - 2028 (USD Million)
Chapter 7. Carob Chocolate Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2020 & 2028
7.2. North America
7.2.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.2.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.2. Market estimates and forecast, by gender,2016 - 2028 (USD Million)
7.3.3. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.3.4. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.3.6. U.K.
7.3.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.6.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.3.6.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.3.7. France
7.3.7.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.7.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.3.7.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.3.8. Belgium
7.3.8.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.8.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.3.8.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.3.9. The Netherlands
7.3.9.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.3.9.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.3.9.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.4.5. Australia
7.4.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.6.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2016 - 2028 (USD Million)
7.6.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Million)
7.6.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2020
Chapter 9. Company Profiles
9.1. CAROBOU LLC
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. D&D Chocolates
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Missy J’s
9.3.1. Company Overview
9.3.2. Product Benchmarking
9.3.3. Strategic Initiatives
9.4. The Carob Kitchen
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Caroboo
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.6. Supertreats UK
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Iswari
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Uncommon Carob
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Foundation Foods
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Carob World
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
List of Tables
1. Price analysis
2. Carob chocolate market-Driving factor market analysis
3. Carob chocolate market-Restraint factor market analysis
4. Carob chocolate bars market estimates and forecast, 2016-2028 (USD Million)
5. Carob chocolate chips market estimates and forecast, 2016-2028 (USD Million)
6. Other carob chocolate market estimates and forecast, 2016-2028 (USD Million)
7. Carob chocolate market estimates and forecast through supermarkets/hypermarkets, 2016-2028 (USD Million)
8. Carob chocolate market estimates and forecast through convenience stores & drug stores, 2016-2028 (USD Million)
9. Carob chocolate market estimates and forecast through health & specialty stores, 2016-2028 (USD Million)
10. Carob chocolate market estimates and forecast through other stores, 2016-2028 (USD Million)
11. North America carob chocolate market estimates and forecast, 2016-2028 (USD Million)
12. North America carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
13. North America carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
14. U.S. carob chocolate market estimates and forecast, 2016-2028 (USD Million)
15. U.S. carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
16. U.S. carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
17. Canada carob chocolate market estimates and forecast, 2016-2028 (USD Million)
18. Canada carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
19. Canada carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
20. Europe carob chocolate market estimates and forecast, 2016-2028 (USD Million)
21. Europe carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
22. Europe carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
23. Germany carob chocolate market estimates and forecast, 2016-2028 (USD Million)
24. Germany carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
25. Germany carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
26. France carob chocolate market estimates and forecast, 2016-2028 (USD Million)
27. France carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
28. France carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
29. Belgium carob chocolate market estimates and forecast, 2016-2028 (USD Million)
30. Belgium carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
31. Belgium carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
32. U.K. carob chocolate market estimates and forecast, 2016-2028 (USD Million)
33. U.K. carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
34. U.K. carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
35. The Netherlands carob chocolate market estimates and forecast, 2016-2028 (USD Million)
36. The Netherlands carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
37. The Netherlands carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
38. Asia Pacific carob chocolate market estimates and forecast, 2016-2028 (USD Million)
39. Asia Pacific carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
40. Asia Pacific carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
41. China carob chocolate market estimates and forecast, 2016-2028 (USD Million)
42. China carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
43. China carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
44. Australia carob chocolate market estimates and forecast, 2016-2028 (USD Million)
45. Australia carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
46. Australia carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
47. Central & South America carob chocolate market estimates and forecast, 2016-2028 (USD Million)
48. Central & South America carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
49. Central & South America carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
50. Brazil carob chocolate market estimates and forecast, 2016-2028 (USD Million)
51. Brazil carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
52. Brazil carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
53. Middle East & Africa carob chocolate market estimates and forecast, 2016-2028 (USD Million)
54. Middle East & Africa carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
55. Middle East & Africa carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
56. South Africa carob chocolate market estimates and forecast, 2016-2028 (USD Million)
57. South Africa carob chocolate market estimates and forecast, by product, 2016-2028 (USD Million)
58. South Africa carob chocolate market estimates and forecast, by distribution channel, 2016-2028 (USD Million)
59. Company Categorization
List of Figures
1. Carob chocolate market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Carob chocolate market - Penetration & growth prospect mapping
7. Carob chocolate market - Value chain analysis
8. Carob chocolate market: Porters five forces analysis
9. Roadmap of the carob chocolate market
10. Consumption of carob chocolate by age, 2020
11. Consumption of carob chocolate., by gender, 2020
12. Carob chocolate market: Product share (%) analysis, 2020 & 2028
13. Carob chocolate market: Distribution channel share (%) analysis, 2020 & 2028
14. Carob chocolate market: Regional share (%) analysis, 2020 & 2028
15. Carob chocolate market share analysis, 2020

Companies Mentioned

  • CAROBOU LLC
  • D&D Chocolates
  • Missy J’s
  • The Carob Kitchen
  • Caroboo
  • Supertreats UK
  • Iswari
  • Uncommon Carob
  • Foundation Foods
  • Carob World

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedDecember 2021
Forecast Period2021 - 2028
Estimated Market Value ( USD ) in 2021 $ 858.7 Million
Forecasted Market Value ( USD ) by 2028 $ 1310 Million
Compound Annual Growth Rate6.2%
Regions CoveredGlobal
No. of Companies Mentioned10

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