The Asia Pacific Carob Chocolate Market is expected to witness market growth of 5.6% CAGR during the forecast period (2021-2027).
Carob Chocolates are made with carob powder, an alternative to regular chocolates which are made up of cocoa powder. Carob is an evergreen flowering tree cultivated for edible purposes. Carob chocolates do not consist of theobromine or caffeine in them and are naturally sweet. Carob chocolates are in high demand in the consumer market because of the presence of calcium, protein, and fiber and no fat and low cholesterol content in it. Additionally, carob chocolates are gluten-free and also do not have the requirement of adding sugar in them.
Increasing middle-class population in developing countries like India and China, majorly the young population are display a higher demand for new chocolate variants like carob chocolates. Moreover, continuous development in developing economies has attracted various manufacturers to invest in carob chocolates. Additionally, chocolates are also used as a gift during the festive season in many countries like India, China, Japan and others. The presence of various toxic compounds in cocoa is encouraging manufacturers to adopt healthy substitutes to cocoa. Hence, these factors is expected to collectively propel the growth of the regional carob chocolate market during the forecasting period.
The China market dominated the Asia Pacific Carob Chocolate Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $76.9 million by 2027. The Japan market is estimated to grow at a CAGR of 5.1% during (2021 - 2027). Additionally, The India market is expected to witness a CAGR of 6.3% during (2021 - 2027).
Based on Product, the market is segmented into Bars, Chips, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores & Drug Stores, Healthy & Specialty Stores, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Missy J’s, Caroboo, Supertreats, Iswari Portugal - Alma & Valor, LDA, Uncommon Carob, The Carob Kitchen, The Carob World, D&D Chocolates Ltd., and Carobou LLC.
Carob Chocolates are made with carob powder, an alternative to regular chocolates which are made up of cocoa powder. Carob is an evergreen flowering tree cultivated for edible purposes. Carob chocolates do not consist of theobromine or caffeine in them and are naturally sweet. Carob chocolates are in high demand in the consumer market because of the presence of calcium, protein, and fiber and no fat and low cholesterol content in it. Additionally, carob chocolates are gluten-free and also do not have the requirement of adding sugar in them.
Increasing middle-class population in developing countries like India and China, majorly the young population are display a higher demand for new chocolate variants like carob chocolates. Moreover, continuous development in developing economies has attracted various manufacturers to invest in carob chocolates. Additionally, chocolates are also used as a gift during the festive season in many countries like India, China, Japan and others. The presence of various toxic compounds in cocoa is encouraging manufacturers to adopt healthy substitutes to cocoa. Hence, these factors is expected to collectively propel the growth of the regional carob chocolate market during the forecasting period.
The China market dominated the Asia Pacific Carob Chocolate Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $76.9 million by 2027. The Japan market is estimated to grow at a CAGR of 5.1% during (2021 - 2027). Additionally, The India market is expected to witness a CAGR of 6.3% during (2021 - 2027).
Based on Product, the market is segmented into Bars, Chips, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores & Drug Stores, Healthy & Specialty Stores, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Missy J’s, Caroboo, Supertreats, Iswari Portugal - Alma & Valor, LDA, Uncommon Carob, The Carob Kitchen, The Carob World, D&D Chocolates Ltd., and Carobou LLC.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Bars
- Chips
- Others
By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores & Drug Stores
- Healthy & Specialty Stores
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Missy J’s
- Caroboo
- Supertreats
- Iswari Portugal - Alma & Valor, LDA
- Uncommon Carob
- The Carob Kitchen
- The Carob World
- D&D Chocolates Ltd.
- Carobou LLC
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. Asia Pacific Carob Chocolate Market by Product
Chapter 5. Asia Pacific Carob Chocolate Market by Distribution Channel
Chapter 6. Asia Pacific Carob Chocolate Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Missy J’s
- Caroboo
- Supertreats
- Iswari Portugal – Alma & Valor, LDA
- Uncommon Carob
- The Carob Kitchen
- The Carob World
- D&D Chocolates Ltd.
- Carobou LLC
Methodology
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