According to a new market report published by Lucintel, the future of the caramel ingredient market looks promising with opportunities in bakery products, confectionery products, ice creams & desserts, beverages, alcoholic drinks, non-alcoholic drinks, and others. The global caramel ingredient market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market are rising application in the confectionery, bakery, and beverages industries and growth in the convenience food industry.
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Caramel ingredient are a medium to dark orange confectionery products made by heating a variety of sugar. In this market, colors, flavors, fillings, inclusions, toppings, and others are the major types of caramel ingredient. Lucintel forecasts that colors will remain the largest type segment over the forecast period due to the safety associated with its use as mentioned by the leading food ingredient authorities, such as the Food and Drug Administration (FDA).
Within this market, confectionery products will remain the largest application segment over the forecast period due to the rise in demand for confectionery products in countries, such as China and India.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to the rise in disposable income in the region, leading consumers to try out bakery & confectionery products.
Kerry Group, Cargill, Sensient Technologies, Puratos, and Sethness Caramel Color, DDW The Color House, Nigay, Metarom, Martin Braun, Göteborgsfood Budapest ZRT, and Bakels Worldwide are among the major suppliers in the global caramel ingredient market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global caramel ingredient market by type, application, form, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Caramel Ingredient Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global caramel ingredient market by type, application, form, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Colors
Flavors
Fillings
Inclusions
Toppings
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Bakery Products
Confectionery Products
Ice Creams & Desserts
Beverages
Alcoholic Drinks
Non-Alcoholic Drinks
Others
By Form [Value ($ Million) shipment analysis for 2014 – 2025]:
Solid
Liquid
Powder/Granular
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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