| Product Code: ETC5011784 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The New Zealand carob powder import market experienced a shift in concentration levels in 2024, with a notable increase in the Herfindahl-Hirschman Index (HHI) indicating higher market concentration. Key exporting countries such as Australia, USA, Vietnam, China, and India played significant roles in supplying carob powder to New Zealand in 2024. Despite a challenging compound annual growth rate (CAGR) of -20.32% from 2020 to 2024, there was a positive growth rate of 6.24% in 2024 compared to the previous year, suggesting potential opportunities for the market in the near future.
Carob powder, a cocoa substitute, is gaining popularity in New Zealand, particularly among health-conscious consumers. The market benefits from the rising demand for natural and allergen-free food ingredients. Its applications in baking, confectionery, and beverages are expanding.
Carob powder, a healthy alternative to cocoa powder, is gaining popularity in New Zealand as consumers seek nutritious and allergen-free food products. The carob powder market caters to health-conscious individuals, food manufacturers, and the growing plant-based diet trend.
The carob powder market faces challenges related to market awareness and education, ensuring consistent quality and supply, and addressing competition from cocoa and chocolate products.
Policies supporting the development of alternative and health-based food products impact the carob powder market. Government initiatives to promote healthy eating and support for agricultural innovation drive demand for carob powder as a natural and nutritious ingredient.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 New Zealand Carob Powder Market Overview |
3.1 New Zealand Country Macro Economic Indicators |
3.2 New Zealand Carob Powder Market Revenues & Volume, 2021 & 2031F |
3.3 New Zealand Carob Powder Market - Industry Life Cycle |
3.4 New Zealand Carob Powder Market - Porter's Five Forces |
3.5 New Zealand Carob Powder Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 New Zealand Carob Powder Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness about health benefits of carob powder |
4.2.2 Increasing demand for natural and organic food ingredients |
4.2.3 Rising trend of plant-based diets in New Zealand |
4.3 Market Restraints |
4.3.1 Limited availability of carob powder compared to other substitutes |
4.3.2 Fluctuating prices of raw carob pods |
4.3.3 Competition from other superfood powders in the market |
5 New Zealand Carob Powder Market Trends |
6 New Zealand Carob Powder Market Segmentations |
6.1 New Zealand Carob Powder Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 New Zealand Carob Powder Market Revenues & Volume, By Natural Carob Powder, 2021-2031F |
6.1.3 New Zealand Carob Powder Market Revenues & Volume, By Organic Carob Powder, 2021-2031F |
7 New Zealand Carob Powder Market Import-Export Trade Statistics |
7.1 New Zealand Carob Powder Market Export to Major Countries |
7.2 New Zealand Carob Powder Market Imports from Major Countries |
8 New Zealand Carob Powder Market Key Performance Indicators |
8.1 Number of new product launches containing carob powder |
8.2 Consumer satisfaction and repeat purchase rate for carob powder products |
8.3 Percentage increase in retail outlets stocking carob powder |
9 New Zealand Carob Powder Market - Opportunity Assessment |
9.1 New Zealand Carob Powder Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 New Zealand Carob Powder Market - Competitive Landscape |
10.1 New Zealand Carob Powder Market Revenue Share, By Companies, 2024 |
10.2 New Zealand Carob Powder Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |