LAMEA Carob Chocolate Market Size, Share & Analysis to 2027

LAMEA Carob Chocolate Market Size, Share & Industry Trends Analysis Report By Product, By Distribution Channel, By Country, Historical Data and Growth Forecast, 2021 - 2027

Published Date: February-2022 | Number of Pages: 56 | Format: PDF | Report ID: KBV-16438

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Market Report Description

The Latin America, Middle East and Africa Carob Chocolate Market would 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 would 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 would 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.

Free Valuable Insights: The Global Carob Chocolate Market is Predict to reach $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

  • 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

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Related Reports:

Global Carob Chocolate Market Report 2021-2027

North America Carob Chocolate Market Report 2021-2027

Europe Carob Chocolate Market Report 2021-2027

Asia Pacific Carob Chocolate Market Report 2021-2027

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