Market Overview:
The global carob molasses market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for carob molasses from various applications such as confectionery, fruit processing, dairy and others. Additionally, rising awareness about the benefits of carob molasses is also contributing to the growth of this market. Some of the key players operating in this market are Döhler Group (Germany), Kerry Group plc (Ireland), and Wilmar International Ltd (Singapore).
Product Definition:
Carob molasses is a sweetener that is made from the carob pod. The carob pod is dried and then ground into a powder. The powder is mixed with water and then heated to make a syrup. Carob molasses can be used as a sugar substitute in recipes.
Liquid:
Liquid is the purest form of Molasses. It has a rich dark brown color and is produced in various countries around the world. The liquid molasses can be used as an alternative to treacle for sugar refiners who cannot get sufficient raw material for solid form of sugar syrup, which contains 6% to 12% sugar by weight.
Powder:
Powder is a dry, free-flowing granular material that is used as an extender or filler in food and beverage products. It can be made from various sources including natural materials such as rice, wheat, corn starch; synthetic materials such as talc; and even animal parts such as dried blood plasma.
Application Insights:
The global carob molasses market is segmented by application into confectionery, fruit processing, dairy and other. The confectionery segment held the largest share in 2017 and this trend is expected to continue over the forecast period. This can be attributed to growing consumer preference for healthier products with reduced sugar content. Carob molasses are used as a substitute for conventional refined sugar in several desserts and bakery products such as chocolates, cakes, cookies & bars due to their sweet taste with low calories content.
Fruit processing was the second-largest application of carob molasses followed by dairy applications in 2017 owing to increasing demand from European countries such as Italy where it is traditionally used for making fudge and ice cream among other sweets & snacks.
Regional Analysis:
Europe was the largest market for carob molasses, accounting for more than 35% of global revenue in 2017. Growing demand from confectionery and bakery industry is expected to remain a key factor driving the product demand over the forecast period. In addition, increasing production of carob powder in countries such as Spain and Italy is anticipated to fuel growth over the next eight years.
Asia Pacific is projected to be one of fastest-growing markets with a CAGR exceeding 5% during the forecast period on account of rising consumer awareness regarding health benefits associated with these products coupled with growing food processing industry in this region will drive growth.
Growth Factors:
- Increasing demand for healthy food products: The global carob molasses market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for healthy food products. Carob molasses are a rich source of antioxidants, minerals, and vitamins which makes them an ideal ingredient for health-conscious consumers.
- Rising awareness about the benefits of carob molasses: There is a growing awareness among consumers about the benefits of carob molasses such as their antioxidant and anti-inflammatory properties. This is driving the demand for carob molasses in various applications such as bakery, confectionery, and beverages.
- Growing popularity of functional foods: The global functional foods market is projected to grow at a CAGR of 7% during the forecast period owing to rising consumer awareness about the health benefits associated with these foods. Carobmolasses are considered as a functional ingredient owing to their antioxidant and anti-inflammatory properties which are beneficial for human health .This is expected to drivethe growthofcarombolassessubstantiallyduringtheforecastperiod .
- . Technological advancements in extraction process: The technological advancements in extraction process have resulted in improved quality and purityofcarombolassessince theyare now extracted without using any chemicals or solvents .This has led tobetter acceptanceoftheseproductsamongconsumersandisexpectedtogrowthemarketfurtherinthefuture
Scope Of The Report
Report Attributes
Report Details
Report Title
Carob Molasses Market Research Report
By Type
Liquid, Powder
By Application
Confectionery, Fruit Processing, Dairy, Other
By Companies
INCOM, SITOGLU, Cortas Food, Al Wadi Al Akhdar, Varanlar Grup, OTS ORGANICS, NSM, MARMARA, WAMCO SARL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Carob Molasses Market Report Segments:
The global Carob Molasses market is segmented on the basis of:
Types
Liquid, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Confectionery, Fruit Processing, Dairy, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- INCOM
- SITOGLU
- Cortas Food
- Al Wadi Al Akhdar
- Varanlar Grup
- OTS ORGANICS
- NSM
- MARMARA
- WAMCO SARL
Highlights of The Carob Molasses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid
- Powder
- By Application:
- Confectionery
- Fruit Processing
- Dairy
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carob Molasses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carob molasses is a by-product of carob processing. It is a dark brown syrup that has a sweet, slightly bitter taste. Carob molasses can be used in baking recipes or as an ingredient in smoothies and other drinks.
Some of the major players in the carob molasses market are INCOM, SITOGLU, Cortas Food, Al Wadi Al Akhdar, Varanlar Grup, OTS ORGANICS, NSM, MARMARA, WAMCO SARL.
The carob molasses market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Carob Molasses Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Carob Molasses Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Carob Molasses Market - Supply Chain
4.5. Global Carob Molasses Market Forecast
4.5.1. Carob Molasses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Carob Molasses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Carob Molasses Market Absolute $ Opportunity
5. Global Carob Molasses Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Carob Molasses Market Size and Volume Forecast by Type
5.3.1. Liquid
5.3.2. Powder
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Carob Molasses Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Carob Molasses Market Size and Volume Forecast by Application
6.3.1. Confectionery
6.3.2. Fruit Processing
6.3.3. Dairy
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Carob Molasses Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Carob Molasses Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Carob Molasses Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Carob Molasses Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Carob Molasses Demand Share Forecast, 2019-2026
9. North America Carob Molasses Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Carob Molasses Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Carob Molasses Market Size and Volume Forecast by Application
9.4.1. Confectionery
9.4.2. Fruit Processing
9.4.3. Dairy
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Carob Molasses Market Size and Volume Forecast by Type
9.7.1. Liquid
9.7.2. Powder
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Carob Molasses Demand Share Forecast, 2019-2026
10. Latin America Carob Molasses Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Carob Molasses Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Carob Molasses Market Size and Volume Forecast by Application
10.4.1. Confectionery
10.4.2. Fruit Processing
10.4.3. Dairy
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Carob Molasses Market Size and Volume Forecast by Type
10.7.1. Liquid
10.7.2. Powder
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Carob Molasses Demand Share Forecast, 2019-2026
11. Europe Carob Molasses Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Carob Molasses Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Carob Molasses Market Size and Volume Forecast by Application
11.4.1. Confectionery
11.4.2. Fruit Processing
11.4.3. Dairy
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Carob Molasses Market Size and Volume Forecast by Type
11.7.1. Liquid
11.7.2. Powder
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potenial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Carob Molasses Demand Share, 2019-2026
12. Asia Pacific Carob Molasses Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Carob Molasses Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Carob Molasses Market Size and Volume Forecast by Application
12.4.1. Confectionery
12.4.2. Fruit Processing
12.4.3. Dairy
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Carob Molasses Market Size and Volume Forecast by Type
12.7.1. Liquid
12.7.2. Powder
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Carob Molasses Demand Share, 2019-2026
13. Middle East & Africa Carob Molasses Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Carob Molasses Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Carob Molasses Market Size and Volume Forecast by Application
13.4.1. Confectionery
13.4.2. Fruit Processing
13.4.3. Dairy
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Carob Molasses Market Size and Volume Forecast by Type
13.7.1. Liquid
13.7.2. Powder
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Carob Molasses Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Carob Molasses Market: Market Share Analysis
14.2. Carob Molasses Distributors and Customers
14.3. Carob Molasses Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. INCOM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SITOGLU
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cortas Food
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Al Wadi Al Akhdar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Varanlar Grup
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. OTS ORGANICS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NSM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MARMARA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. WAMCO SARL
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
