Carob Market Global Industry Analysis, Size, Share, Growth, Trends, Forecast to 2027
Carob Market Highlights Carob is harvested from Ceratonia siliqua or the carob tree which belongs to the legume family. Carob pods are rich in calcium, sodium, potassium, magnesium, fiber, and protein, resulting in its increasing application in the food industry. Carob is a natural sweetener and is used as a healthier substitute for chocolate as it contains low amounts of fat and sugar and does not contain caffeine. Carob Market Scope The global carob market Industry is primarily driven by its use as a viable substitute for cocoa powder. It has also served as a replacement for guar gum due to its similar properties. Its use as fodder for livestock consumption can drive the market demand. The large animal husbandry industry and the demand for meats can fuel the demand for carob in the coming years. Research studies indicating the antioxidative properties of carob flour in cereals will play a pivotal role in the...