Global Caramel Market Size, Share, Growth Analysis And Forecast Till 2025

Posted by Kavita on July 29th, 2019

Bharat Book Bureau Provides the Trending Market Research Report on “Global Caramel Market Research Report Forecast to 2025” under Snacks & Confectionery Category. The report provides information on industry overview, market size, latest developments, industry trends, Key Manufacturers, global presence, device to communicate and their future prospects.

Caramel Market is a confectionery product obtained by heating sugar. It has a medium to dark orange colour and is used as an agent for flavouring, topping, colouring, decoration, and glazing in various food and beverage applications, such as bakery and confectionery, beverages, snacks, dairy and frozen desserts, and pet food. The growth of the global caramel market is driven by the growing applications and the functional diversity of caramel. Caramel, as an ingredient, is widely used in bakery and confectionery, beverages, dairy and frozen desserts, convenience foods, pet food, snacks and other applications.

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The rise in the number of applications primarily fuels the growth of the global caramel market. An increase in demand for bakery and confectionery products, beverages, dairy products, frozen desserts, and pet food, boosts the consumption of caramel in the above-mentioned industries, adding to the market growth. However, the rising awareness regarding the ill-effects of excessive caramel consumption, hampers the market growth. The increase in demand for natural and organic products, especially in Europe and North America, opens the avenues for the sale of natural ingredients such as caramel. Therefore, the rising demand for natural and organic products is an opportunity for the market players.

Regional Analysis:
The global caramel market is segmented into North America, Europe, Asia-Pacific, and RoW. Asia-Pacific is estimated to retain its dominance throughout the forecast period of 2018–2025. The region is estimated to reach USD 1,027.6 million by the end of 2025 with the highest CAGR of 5.9%. China is one of the leading markets in the region, accounting for the largest market share, during the review period. There is an increase in demand for various new and innovative food & beverage products due to urbanization and the rising per capita disposable income. In addition to that, manufacturers are investing in research and development to introduce innovative products for meeting the demand in the region.

On the basis of function, the global caramel market has been segmented into colours, toppings, fillings, flavours, and others. The colours segment held the largest revenue share of 31.25% in 2017. However, the toppings segment is projected to witness the highest CAGR of 5.8% during the review period.
On the basis of application, the global caramel market has been segmented into bakery & confectionery, beverages, dairy & frozen desserts, snacks, and others. The snacks segment is expected to register the highest CAGR of 6.0% during the forecast period 2018–2025.
On the basis of form, the global caramel market has been segmented into solid & semi-solid and liquid. The liquid segment held the larger revenue share in 2017.

Key Players:
Some of the leading market players in the global caramel market are Cargill, Incorporated (US), Kerry Group PLC (Ireland), Bakels Worldwide (Switzerland), Barry Callebaut AG (Switzerland), Nigay SAS (France), Sethness Products Company (US), Metarom Group (France), Puratos NV/SA (Belgium), Göteborgsfood Budapest Ltd (Hungary), and Martin Braun Backmittel and Essences KG (Germany).

Target Audience:
• Food & beverages manufacturers
• Caramel manufacturers
• Raw material suppliers
• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters

Key Findings:
• Among functions, the colours segment is expected to account for the major market proportion during the forecast period. However, the toppings segment is projected to exhibit the highest CAGR of 5.8% during the during period.
• Among applications, the bakery & confectionery segment held the largest revenue share with 34.36% in 2017. However, the snacks segment is expected to register the highest CAGR of 6.0% during the forecast period.

Regional and Country Analysis of Caramel Market Development and Demand Forecast to 2025:
As per the MRFR analysis, the Asia-Pacific caramel market is estimated to reach USD 1,027.6 million by 2025 and register a CAGR of 5.9% during the forecast period 2018-2025.

The reports also cover country-level analysis:
• North America

• Europe
Rest of Europe

• Asia-Pacific
Australia & New Zealand
Rest of Asia-Pacific

• Rest of the World
Middle East
South America

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Joined: June 10th, 2019
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