Carob Processing Investment
Executive Summary
The Opportunity
A structural supply gap in the global carob market—driven by 65% decline in Mediterranean cultivation—creates a compelling window for new production in climate-suitable regions with lower cost structures.
$500M
Market Size (2024)
$1.4M
Investment Required
12%
Target IRR
100+
Years Productive
The Solution
Haggar Group will establish commercial carob orchards in Sudan and/or Egypt, leveraging:
- Climate Suitability: Ideal conditions for drought-tolerant carob cultivation
- Cost Advantage: Lower land and labor costs compared to European competitors
- Regional Positioning: Proximity to European, Middle Eastern, and African markets
- ESG Credentials: Climate-positive agriculture with measurable social impact
Investment Highlights
| Metric | Value |
|---|---|
| Total Investment | $1,400,000 USD |
| Scale | 250 hectares (25,000 trees) |
| IRR (Base Case) | 12% |
| Payback Period | 12 years |
| Annual Revenue at Maturity | $900,000+ |
| 50-Year Cumulative Value | $48,000,000+ |
| CO2 Sequestered | 500-1,000 tons/year |
| Direct Jobs Created | 25-45 |
The 100-Year Asset Advantage
Unlike most agricultural investments that require replanting every 25-40 years, carob trees produce for over a century with increasing yields:
| Crop | Productive Life | 100-Year Cumulative Yield |
|---|---|---|
| Carob | 100+ years | 6,000-10,000 kg/tree |
| Olive | 50-100 years | 3,000-6,000 kg/tree |
| Almond | 25-30 years | 1,500-2,000 kg/tree* |
| Apple | 30-40 years | 2,000-3,000 kg/tree* |
*Requires 3-4x replanting over 100 years
Why Now?
- Supply Gap Widening: Mediterranean production declining 65%
- Demand Growing: Health, sustainability, and plant-based trends driving growth
- Prices Recovering: 4x increase in carob prices in recent years
- Window Closing: Competition from Turkey and Morocco increasing
Next Steps
We invite you to explore this opportunity further and discuss how we can build a sustainable, profitable carob operation together.
Contact: louis@lewkai.com