Caramel Ingredient Market Size, Share & Growth Report | 2031
Caramel Ingredient Market Size, Share & Growth Report | 2031
Segments - Global Caramel Ingredient Market by Applications (Dairy & Frozen Desserts, Confectionery, Bakery, Beverages, and Others), Types (Liquid/Syrup and Powder), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :FB-3897
| 4.1 Rating
| 61 Reviews
| 202 Pages
| Format :
Report Description
The global caramel ingredient market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rise in disposable income of consumers and increasing urbanization globally.
Caramel can be described as a confectionary product used in the food & beverage industry as a filling, flavoring, and topping component. Caramel is made by boiling a specific type of sugar at a specific temperature. These substances come in a variety of forms and are used in a variety of applications. Caramel, confectionery, and liquid caramel are the three forms of caramel components.
Caramel is one of the most widely used ingredients in confectionery items such as cereal bars, chocolates, and sweets. Powdered and granular forms of caramel fixings are preferred over others due to wide demand for the packaged food and improving in terms of realistic usability.
The COVID-19 pandemic has a considerable impact on the global caramel ingredient market. Due to the ongoing pandemic, stringent lockdowns imposed by governments and regulatory agencies around the world have shattered several food processing enterprises. This has resulted in decline of the retail sales of ice cream and desserts, which further negatively impacted the sales of caramel ingredient as it is extensively used in these products. The market is expected to recover soon with an uptrend operation as due to subsiding COVID cases.
Market Trends, Drivers, Restraints, and Opportunities
- Growing consumer indulgence in bakery and confectionery products is one of the key factors driving the market growth.
- Increasing disposable income of consumers especially in developing regions is expected to boost the market in the coming years.
- Introduction of caramel alternatives into the market presents a major challenge. This is anticipated to hamper the market growth during the projected period.
- Rising concerns associated with the harmful effects of caramel ingredients is expected to hinder the market during the projected period.
- Product innovation along with attractive packaging solutions is projected to create significant growth opportunities for the market in the near future.
Scope of Caramel Ingredient Market Report
The report on the global caramel ingredient market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Caramel Ingredient Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Applications (Dairy & Frozen Desserts, Confectionery, Bakery, Beverages, and Others) and Types (Liquid/Syrup and Powder) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
SETHNESS ROQUETTE; Cargill, Inc.; Kerry Group plc; Puratos Group; and Sensient Technologies Corp. |
Caramel Ingredient Market Segment Insights
Confectionery segment to grow at a rapid pace
Based on applications, the global caramel ingredient market is divided into dairy & frozen desserts, confectionery, bakery, beverages, others.
The confectionery segment is expected to grow at a rapid pace during the forecast period owing to wide usage of the ingredient across various sweet items as it is a major part in preparation of final products. However, the beverages segment is anticipated to hold a key share of the market in the coming years due to its application in flavor making for numerous beverages.
Liquid/Syrup segment to expand at a considerable CAGR
On the basis of types, the market is bifurcated into liquid/syrup and powder.
The liquid/syrup segment is projected to expand at a considerable CAGR during the forecast period attributed to extensive application in various industries primarily sodas, beverages industry, and colas. On the other hand, the powder segment is anticipated to account for a major market share during the forecast period as it has a better shelf life as compared to other form of ingredients.
Asia Pacific to constitute a key market share
In terms of regions, the global caramel ingredient market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
Asia Pacific is expected to constitute a key share of the market during the projected period owing to the growth of food and beverage industry, improving logistics, and growing disposable income of the consumers across the region. However, the market of North America is anticipated to expand at a rapid pace during the forecast period owing to the presence of established global players in the region.
Segments
The global caramel ingredient market has been segmented on the basis of
Applications
- Dairy & Frozen Desserts
- Confectionery
- Bakery
- Beverages
- Others
Types
- Liquid/Syrup
- Powder
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- SETHNESS ROQUETTE
- Cargill, Inc.
- Kerry Group plc
- Puratos Group
- Sensient Technologies Corp.
Competitive Landscape
Key players competing in the global caramel ingredient market are SETHNESS ROQUETTE; Cargill, Inc.; Kerry Group plc; Puratos Group; and Sensient Technologies Corp.
As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Caramel Ingredient Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Caramel Ingredient Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Caramel Ingredient Market - Supply Chain
4.5. Global Caramel Ingredient Market Forecast
4.5.1. Caramel Ingredient Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Caramel Ingredient Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Caramel Ingredient Market Absolute $ Opportunity
5. Global Caramel Ingredient Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Caramel Ingredient Market Size and Volume Forecast by Types
5.3.1. Liquid/Syrup
5.3.2. Powder
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Caramel Ingredient Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Caramel Ingredient Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Caramel Ingredient Demand Share Forecast, 2019-2026
7. North America Caramel Ingredient Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Caramel Ingredient Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Caramel Ingredient Market Size and Volume Forecast by Types
7.4.1. Liquid/Syrup
7.4.2. Powder
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Caramel Ingredient Demand Share Forecast, 2019-2026
8. Latin America Caramel Ingredient Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Caramel Ingredient Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Caramel Ingredient Market Size and Volume Forecast by Types
8.4.1. Liquid/Syrup
8.4.2. Powder
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Caramel Ingredient Demand Share Forecast, 2019-2026
9. Europe Caramel Ingredient Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Caramel Ingredient Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Caramel Ingredient Market Size and Volume Forecast by Types
9.4.1. Liquid/Syrup
9.4.2. Powder
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Caramel Ingredient Demand Share Forecast, 2019-2026
10. Asia Pacific Caramel Ingredient Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Caramel Ingredient Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Caramel Ingredient Market Size and Volume Forecast by Types
10.4.1. Liquid/Syrup
10.4.2. Powder
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Caramel Ingredient Demand Share Forecast, 2019-2026
11. Middle East & Africa Caramel Ingredient Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Caramel Ingredient Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Caramel Ingredient Market Size and Volume Forecast by Types
11.4.1. Liquid/Syrup
11.4.2. Powder
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Caramel Ingredient Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Caramel Ingredient Market: Market Share Analysis
12.2. Caramel Ingredient Distributors and Customers
12.3. Caramel Ingredient Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. SETHNESS ROQUETTE
12.4.2. Cargill, Inc.
12.4.3. Kerry Group plc
12.4.4. Puratos Group
12.4.5. Sensient Technologies Corp.
Methodology
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