Caramel Ingredient Market - Growth, Trends and Forecasts (2019 - 2024)

The Caramel Ingredient Market is segmented by Type (Powder and Liquid/Syrup), Application (Bakery, Confectionery, Beverages, Dairy and Frozen Desserts, and Other Applications), and Geography.

Market Snapshot

caramel ingredient market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR (2019-2024):

7.8%

Key Players:

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Market Overview

The caramel ingredient market is estimated to register a CAGR of 7.8% during the forecast period (2019-2024).

  • Rising consumer indulgence in bakery products and increasing snacking habits have been boosting the bakery and confectionery industries, and thus, majorly uplifting the associated ingredients market, including that of caramel.
  • However, a surge in the intake of low-carbs diets, led by rising health concerns, remains a roadblock to the market. As a result, many manufacturers have initiated the production of caramel alternatives, which is posing a threat to the market.

Scope of the Report

The caramel ingredient market offers liquid/syrup and powdered type of caramels, which find applications in bakery, confectionery, beverages, and dairy and frozen desserts, among others. The study also covers the global-level analysis of the major regions, including North America, Europe, Asia-Pacific, and Rest of the World.

Type
Powder
Liquid/Syrup
Application
Bakery
Confectionery
Beverages
Dairy and Frozen Desserts
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of the World
Brazil
South Africa
Other Countries

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Key Market Trends

Increased Consumption of Bakery Ingredients in Developing Regions

The consumption of bakery ingredients is rising, along with the increasing consumer indulgence in bakery products. Apart from the ease of preparation that it offers, smaller and bite-sized packaging also adds up to the convenience of bakery products. Many baked goods, such as cream-filled biscuits and cakes, are now available in sturdy and aesthetic packaging formats, which not only increase the shelf-life but also contribute to the overall attractiveness and sales of the products. Additionally, consumer demand for additive-free, non-GMO, clean-label, and health-promoting baked goods has augmented the demand for bakery products.

 

caramel ingredient market

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Asia-Pacific Emerges as the Fastest Growing Market

The emerging economies of Asia-Pacific represent large untapped potential for the development of bakery ingredients, including caramel, owing to the rising disposable incomes, urbanization, and the demand for western-style diets. The population in the Asia-Pacific region represents diversified tastes and preferences, thus, offering a chance to the manufacturers to experiment with varieties. Hence, manufacturers are constantly innovating and widening their product portfolios to meet the dynamic consumer demands. Consumers are increasingly interested in a diverse variety of foods that have superior taste, and are safe and nutritious.

caramel ingredient market

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Competitive Landscape

The caramel ingredient market is highly fragmented. The market has a large number of small players and to combat such fierce competition, the mid- and small-sized companies are adopting strategies, such as consolidation activities and entering into long-term contracts with client companies. The key players in the caramel ingredient market include Cargill Incorporated, Sensient Technologies Corporation, and Puratos Group, among others.

Major Players

  1. Cargill Incorporated
  2. Sensient Technologies Corporation
  3. Sethness Caramel Color
  4. Kerry Inc.
  5. Puratos Group

* Complete list of players covered available in the table of contents below

caramel ingredient market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Powder

      2. 5.1.2 Liquid/Syrup

    2. 5.2 Application

      1. 5.2.1 Bakery

      2. 5.2.2 Confectionery

      3. 5.2.3 Beverages

      4. 5.2.4 Dairy and Frozen Desserts

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Incorporated

      2. 6.4.2 Sensient Technologies Corporation

      3. 6.4.3 Kerry Inc.

      4. 6.4.4 Puratos Group

      5. 6.4.5 Sethness Caramel Color

      6. 6.4.6 Bakels Worldwide

      7. 6.4.7 Nigay

      8. 6.4.8 Alvin Caramel Colours (India) Private Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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