The Latin America, Middle East and Africa Carob Chocolate Market is expected to witness market growth of 8.5% CAGR during the forecast period (2021-2027).
Carob chocolate serves as an alternative to those who cannot consume regular chocolates because of an allergy to milk. Additionally, carob powder can also be used in many bakery products. Many animals are intolerant to Theobromine due to which cocoa powder cannot be used in chocolate-flavored pet food products, but carob can substitute the cocoa powder in that case. Carob is also used as a thickening, stabilizing, and gelling agent in many food items.
Carob is majorly grown in the Middle East region, which makes it one of the major regions for the cultivation of carob. Owing to which Middle East became the largest producer of carob chocolate in the LAMEA region and thus, supporting the overall demand for the carob chocolate. Due to the largest production of carob and carob chocolates, this region has also emerged as a leading exporter of carob chocolate and carob as a raw material. Additionally, the high awareness among the population regarding the benefits of consuming carob chocolate is also contributing to the demand for carob chocolate. The increase in the incidences of many diseases such as diabetes in the region is also a reason behind the consumption of these chocolates.
The Brazil market dominated the LAMEA Carob Chocolate Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $17.7 million by 2027. The Argentina market is poised to grow CAGR of 9.1% during (2021 - 2027). Additionally, The UAE market is expected to experience a CAGR of 8.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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 chocolate serves as an alternative to those who cannot consume regular chocolates because of an allergy to milk. Additionally, carob powder can also be used in many bakery products. Many animals are intolerant to Theobromine due to which cocoa powder cannot be used in chocolate-flavored pet food products, but carob can substitute the cocoa powder in that case. Carob is also used as a thickening, stabilizing, and gelling agent in many food items.
Carob is majorly grown in the Middle East region, which makes it one of the major regions for the cultivation of carob. Owing to which Middle East became the largest producer of carob chocolate in the LAMEA region and thus, supporting the overall demand for the carob chocolate. Due to the largest production of carob and carob chocolates, this region has also emerged as a leading exporter of carob chocolate and carob as a raw material. Additionally, the high awareness among the population regarding the benefits of consuming carob chocolate is also contributing to the demand for carob chocolate. The increase in the incidences of many diseases such as diabetes in the region is also a reason behind the consumption of these chocolates.
The Brazil market dominated the LAMEA Carob Chocolate Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $17.7 million by 2027. The Argentina market is poised to grow CAGR of 9.1% during (2021 - 2027). Additionally, The UAE market is expected to experience a CAGR of 8.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. LAMEA Carob Chocolate Market by Product
Chapter 5. LAMEA Carob Chocolate Market by Distribution Channel
Chapter 6. LAMEA 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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