The Europe Carob Chocolate Market would witness market growth of 5.4% CAGR during the forecast period (2021-2027).
Carob chocolates do not have sodium due to which it is a nice option for people looking to consume less sodium which ultimately reduces the risk of high blood pressure, stroke, kidney problems, heart attack, and osteoporosis. Carob is known for the nutritional benefits and is being used for many years because of the health benefits it serves. Carob is full of fiber and antioxidants and is considered to be beneficial for losing weight and easing stomach-related problems.
Carob is a plant of the Mediterranean region and is largely cultivated in some of the European countries like Portugal and Italy. Owing to this, Europe is among the largest producers and exporters of raw carob as well as carob chocolates. Because of the cultivation of carob in large amounts, more manufacturers would use carob as it is easily available in the European region. Also, the fact that Switzerland, Germany, and the U.K. are among the largest consumers of these chocolates in Europe. The consumers of the European region are increasingly inclined towards having a unique taste of carob in chocolate bars and chips.
The Germany market dominated the Europe Carob Chocolate Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $81.2 million by 2027. The UK market is anticipated to grow at a CAGR of 4.6% during (2021 - 2027). Additionally, The France market would display a CAGR of 6.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Carob Chocolate Market Size will Hit $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.
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