The Asia Pacific Carob Chocolate Market would 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 would 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 would 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 would 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.
Free Valuable Insights: The Worldwide Carob Chocolate Market is Projected to reach USD 1.1 Billion by 2027, at a CAGR of 5.5%
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
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Carob Chocolate Market, by Product
1.4.2 Asia Pacific Carob Chocolate Market, by Distribution Channel
1.4.3 Asia Pacific Carob Chocolate Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Carob Chocolate Market
Chapter 4. Asia Pacific Carob Chocolate Market by Product
4.1 Asia Pacific Carob Chocolate Bars Market by Country
4.2 Asia Pacific Carob Chocolate Chips Market by Country
4.3 Asia Pacific Carob Chocolate Others Market by Country
Chapter 5. Asia Pacific Carob Chocolate Market by Distribution Channel
5.1 Asia Pacific Supermarkets & Hypermarkets Carob Chocolate Market by Country
5.2 Asia Pacific Convenience Stores & Drug Stores Carob Chocolate Market by Country
5.3 Asia Pacific Healthy & Specialty Stores Carob Chocolate Market by Country
5.4 Asia Pacific Others Carob Chocolate Market by Country
Chapter 6. Asia Pacific Carob Chocolate Market by Country
6.1 China Carob Chocolate Market
6.1.1 China Carob Chocolate Market by Product
6.1.2 China Carob Chocolate Market by Distribution Channel
6.2 Japan Carob Chocolate Market
6.2.1 Japan Carob Chocolate Market by Product
6.2.2 Japan Carob Chocolate Market by Distribution Channel
6.3 India Carob Chocolate Market
6.3.1 India Carob Chocolate Market by Product
6.3.2 India Carob Chocolate Market by Distribution Channel
6.4 South Korea Carob Chocolate Market
6.4.1 South Korea Carob Chocolate Market by Product
6.4.2 South Korea Carob Chocolate Market by Distribution Channel
6.5 Singapore Carob Chocolate Market
6.5.1 Singapore Carob Chocolate Market by Product
6.5.2 Singapore Carob Chocolate Market by Distribution Channel
6.6 Malaysia Carob Chocolate Market
6.6.1 Malaysia Carob Chocolate Market by Product
6.6.2 Malaysia Carob Chocolate Market by Distribution Channel
6.7 Rest of Asia Pacific Carob Chocolate Market
6.7.1 Rest of Asia Pacific Carob Chocolate Market by Product
6.7.2 Rest of Asia Pacific Carob Chocolate Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Missy J’s
7.1.1 Company Overview
7.2 Caroboo
7.2.1 Company Overview
7.3 Supertreats
7.3.1 Company Overview
7.4 Iswari Portugal – Alma & Valor, LDA
7.4.1 Company Overview
7.5 Uncommon Carob
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Product Launches and Product Expansions:
7.6 The Carob Kitchen
7.6.1 Company Overview
7.7 Carob World
7.7.1 Company Overview
7.8 D&D Chocolates Ltd.
7.8.1 Company Overview
7.9 Carobou LLC
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Carob Chocolate Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Carob Chocolate Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Carob Chocolate Market by Product, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Carob Chocolate Market by Product, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Carob Chocolate Bars Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Carob Chocolate Bars Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Carob Chocolate Chips Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Carob Chocolate Chips Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Carob Chocolate Others Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Carob Chocolate Others Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Carob Chocolate Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Carob Chocolate Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Supermarkets & Hypermarkets Carob Chocolate Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Supermarkets & Hypermarkets Carob Chocolate Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Convenience Stores & Drug Stores Carob Chocolate Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Convenience Stores & Drug Stores Carob Chocolate Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Healthy & Specialty Stores Carob Chocolate Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Healthy & Specialty Stores Carob Chocolate Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Others Carob Chocolate Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Others Carob Chocolate Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Carob Chocolate Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Carob Chocolate Market by Country, 2021 - 2027, USD Million
TABLE 23 China Carob Chocolate Market, 2017 - 2020, USD Million
TABLE 24 China Carob Chocolate Market, 2021 - 2027, USD Million
TABLE 25 China Carob Chocolate Market by Product, 2017 - 2020, USD Million
TABLE 26 China Carob Chocolate Market by Product, 2021 - 2027, USD Million
TABLE 27 China Carob Chocolate Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 28 China Carob Chocolate Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 29 Japan Carob Chocolate Market, 2017 - 2020, USD Million
TABLE 30 Japan Carob Chocolate Market, 2021 - 2027, USD Million
TABLE 31 Japan Carob Chocolate Market by Product, 2017 - 2020, USD Million
TABLE 32 Japan Carob Chocolate Market by Product, 2021 - 2027, USD Million
TABLE 33 Japan Carob Chocolate Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 34 Japan Carob Chocolate Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 35 India Carob Chocolate Market, 2017 - 2020, USD Million
TABLE 36 India Carob Chocolate Market, 2021 - 2027, USD Million
TABLE 37 India Carob Chocolate Market by Product, 2017 - 2020, USD Million
TABLE 38 India Carob Chocolate Market by Product, 2021 - 2027, USD Million
TABLE 39 India Carob Chocolate Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 40 India Carob Chocolate Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 41 South Korea Carob Chocolate Market, 2017 - 2020, USD Million
TABLE 42 South Korea Carob Chocolate Market, 2021 - 2027, USD Million
TABLE 43 South Korea Carob Chocolate Market by Product, 2017 - 2020, USD Million
TABLE 44 South Korea Carob Chocolate Market by Product, 2021 - 2027, USD Million
TABLE 45 South Korea Carob Chocolate Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 46 South Korea Carob Chocolate Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 47 Singapore Carob Chocolate Market, 2017 - 2020, USD Million
TABLE 48 Singapore Carob Chocolate Market, 2021 - 2027, USD Million
TABLE 49 Singapore Carob Chocolate Market by Product, 2017 - 2020, USD Million
TABLE 50 Singapore Carob Chocolate Market by Product, 2021 - 2027, USD Million
TABLE 51 Singapore Carob Chocolate Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 52 Singapore Carob Chocolate Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 53 Malaysia Carob Chocolate Market, 2017 - 2020, USD Million
TABLE 54 alaysia Carob Chocolate Market, 2021 - 2027, USD Million
TABLE 55 Malaysia Carob Chocolate Market by Product, 2017 - 2020, USD Million
TABLE 56 Malaysia Carob Chocolate Market by Product, 2021 - 2027, USD Million
TABLE 57 Malaysia Carob Chocolate Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 58 Malaysia Carob Chocolate Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 59 Rest of Asia Pacific Carob Chocolate Market, 2017 - 2020, USD Million
TABLE 60 Rest of Asia Pacific Carob Chocolate Market, 2021 - 2027, USD Million
TABLE 61 Rest of Asia Pacific Carob Chocolate Market by Product, 2017 - 2020, USD Million
TABLE 62 Rest of Asia Pacific Carob Chocolate Market by Product, 2021 - 2027, USD Million
TABLE 63 Rest of Asia Pacific Carob Chocolate Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 64 Rest of Asia Pacific Carob Chocolate Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 65 Key Information – Missy j’s
TABLE 66 Key Information – Caroboo
TABLE 67 Key Information –Supertreats
TABLE 68 Key Information – Iswari Portugal - Alma & Valor, Lda
TABLE 69 Key Information – Uncommon Carob
TABLE 70 Key information – The Carob Kitchen
TABLE 71 Key Information – Carob world
TABLE 72 Key Information – D&D Chocolates Ltd.
TABLE 73 Key Information – CAROBOU llc
List of Figures
FIG 1 Methodology for the research