The Europe Carob Powder Market would witness market growth of 3.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1,138.6 Tonnes, showcasing a growth of 3.7% (2019-2022).
Moreover, vitamin E, potassium, and calcium are just some of the necessary vitamins and minerals found in great quantities in carob powder, which is widely renowned for its nutritious value. This has led to its incorporation into nutritional supplements, protein powders, and health-focused food products. Carob powder is a notable source of vitamin E, an antioxidant crucial in protecting cells from oxidative stress. This vitamin contributes to skin health, immune function, and overall well-being. Potassium in carob powder supports heart health by helping regulate blood pressure and fluid balance. Calcium is essential for bone health, and carob powder is a plant-based mineral source. Incorporating carobs into the diet can contribute to meeting calcium requirements.
In addition, while carob is often likened to chocolate, there is a growing trend toward innovating with flavor profiles. Blends incorporating spices, herbs, or unique fruit essences alongside carob captivate consumers looking for novel and diverse taste experiences. Additionally, the sustainability trend is not lost on the carob powder market. Producers increasingly emphasize sustainable sourcing practices, ethical harvesting, and transparent supply chains. This appeals to environmentally conscious consumers prioritizing products with a minimal ecological footprint.
The UK has seen a rising trend in health-conscious consumer behavior, with individuals seeking healthier diet alternatives. Carob powder, known for its nutritional benefits and natural sweetness, aligns with this trend. Hence, with the growing food service and bakery industries in Europe, there will be increased demand for carob powder in the region.
The Germany market dominated the Europe Carob Powder Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,896.3 Thousands by 2030. The UK market is exhibiting a CAGR of 2.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.6% during (2023 - 2030).
Free Valuable Insights: The Global Carob Powder Market will Hit USD 72.6 Million by 2030, at a CAGR of 4.3%
Based on Product, the market is segmented into Natural, and Organic. Based on Application, the market is segmented into B2B (Bakery, Confectionary, Others), and B2C. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Product (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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