(Food-Beverage-News.Com, March 21, 2020 ) The caramel ingredients market is expected to grow from USD 1.72 billion in 2015 to USD 2.65 billion by 2021, at a CAGR of 7.5% from 2016 to 2021. Carmel ingredients are used in various applications in the food & beverage industry: as a filling, topping, colorant & flavorant, inclusion, coating, and icing. In the food & beverage industry, they find applications in confectioneries, desserts, bakery products, carbonated beverages, and alcoholic beverages.
Rising trend of food decoration to drive the toppings segment
The toppings segment is projected to grow at the highest rate during the forecast period. Furthermore, increasing trend of dining outside has increased the importance of food decoration due to which food manufacturers are concentrating on making their products more appealing to the consumers which is expected to fuel the demand for caramel toppings.
Changing lifestyles to increase the demand for ice creams & desserts application
Based on food application, the ice creams & desserts segment is projected to be the fastest growing. Changing dietary habits due to factors such as changing consumer lifestyles, increasing consumption of out-of-home desserts, and inclusion of various non-traditional products such as ice creams and cakes in desserts has led to an increased demand for ice creams & desserts.
Untapped market potential for key players in the Asia-Pacific region
The demand for caramel ingredients is expected to increase in the Asia-Pacific region owing to factors such as rising disposable incomes and urbanization in countries such as China, India, and Australia-New Zealand. Furthermore, the rising consumer awareness about the benefits of clean/natural label colors and flavors in Asian countries is expected to offer growth opportunities to caramel ingredients manufacturers.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such Kerry Group (Ireland), Cargill, Incorporated. (U.S.), Sensient Technologies Corporation (U.S.), Puratos Group (Belgium), and Sethness Caramel Color (U.S.), DDW The Colour House (U.S.), Nigay (France), Metarom (France), Martin Braun KG (Germany), Göteborgsfood Budapest ZRT (Hungary), and Bakels Worldwide (Switzerland).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.