Carob Market size will witness substantial growth owing to its application in food & beverages, pharmaceutical, bakery, cereals and dairy products. Rising demand for bakery products along with convenience foods and confectionery are the major factor driving the product growth. Convenience food industry is growing at a CAGR of above 7.5% in past seven years that in turn has increased its consumption.
Carobs are used in medicinal applications for reducing cholesterol, improving digestion, treatment of diarrhoea and cancer. It practices in foods improves fibre content and increases shelf life. These are rich in protein, pectin and fat free and addition to sunflower oil reduces tocopherol loss during heating. These do not contain caffeine and can be used in place of chocolate by people having caffeine intolerance that is anticipated to propel carob market in forecast period.