Published Date: 28-Feb-2022
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According to a new report Global Carob Chocolate Market, published by KBV research, The Global Carob Chocolate Market size is expected to reach $1.1 billion by 2027, rising at a market growth of 5.5% CAGR during the forecast period.
The Bars market is growing at a CAGR of 5% during the forecast period. Carob chocolate bars are one of the most popular types of chocolates. These bars may have a layer of fruits and nuts and also can remain similar throughout the shelf life.
The Supermarkets & Hypermarkets market dominated the Global Carob Chocolate Market by Distribution Channel 2020 thereby, growing at a CAGR of 4.5% during the forecast period. This is attributed to the benefits they provide to the consumers like availability of various brands, different prices and freedom of selection, hence almost all type of consumers are comfortable with shopping from such platforms.
The North America market dominated the Global Carob Chocolate Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $434.8 million by 2027. The Europe market is poised to grow at a CAGR of 5.4% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 5.6% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/carob-chocolate-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
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