Caramel Ingredients Market is poised to reach USD xx billion by 2021 – 173-page report by Market Data Forecast
The Global Caramel Ingredients Market was worth USD xx billion in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2021. The Caramel Ingredients market is showing evident potential in the mentioned forecasting period.
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Caramel is a confectionery product made by heating various types of sugars. It is used as flavoring agent in puddings and desserts, as a topping in ice creams & Custards, and as filling in bonbons.
There are various types of caramel ingredients like Colors, Flavors, Fillings, Toppings, Inclusions.
Some of the factors like increasing disposable income, increasing demand for frozen bakery products, busy lifestyle, increasing working women population, and rising adoption of caramel for confectionary products are driving the market. However, factors like increasing number of diabetes patients around the world, and rising number of aging population are acting as a barrier to the growth of the market.
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The Global market for Caramel Ingredients is segmented on the basis of type, application and form. The market segmentation on the basis of type is done under Colors, Flavors, Fillings, Inclusions, Toppings, and Others.
Market segmentation based on application is done into Beverages, Confectionary products, ice creams & desserts, other food applications. On the basis of form, market is segmented into Liquid caramel, Solid caramel, powder/granular caramel.
Based on Beverages, Market is further segmented into Non-Alcoholic beverages, Alcoholic beverages. Toppings segment is expected to increase at highest CAGR due to the increasing trend of dining outside.
Based on form, Powder/granular segment is expected to grow at highest CAGR owing to its longer shelf life and increased use of packaged food & beverages. On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
The demand for caramel ingredients is expected to increase in Asia-Pacific region owing to the rising dispensable incomes and urbanization in countries like India, China and Japan.
Some of the major companies dominating the market, by their products and services include Kerry Group, Cargill, Incorporated., Sensient Technologies Corporation, Puratos Group, and Sethness Caramel Color, DDW The Colour House, Nigay, Metarom, Martin Braun KG, Göteborgsfood Budapest ZRT, and Bakels Worldwide.
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