Caramel Market Size, Revenue, Key Players, Growth, Share and Forecast Till 2030

 


The global Caramel market has been rising continually, mainly due to the high consumption of caramel flavored products. Caramel is used as a flavor, color, topping & decoration, and glazing agent in various food & beverages products such as bakery & confectionery, beverages, snacks, dairy & frozen desserts, and pet food. The huge popularity and the growing urbanization and changing consumption patterns of convenience foods are key driving forces behind the growth of the market.

According to a leading research firm, Market Research Future (MRFR), the global caramel market is poised to reach USD 3.4 Billion by 2030. In its recently published analysis, MRFR also asserts that the market would register a CAGR over 5.90% throughout the review period (2023 to 2030). The rising demand for on-the-go and convenience products is also pushing up the growth of the market. The growth in the application industries predominantly drives market growth. Moreover, the functional diversity of caramel is also fueling the growth of the market.

Some of the largest consumer industries of caramel such as bakery & confectionery products and the diary & desserts sectors have been experiencing some consolidation and are currently undergoing significant changes in product marketing and distribution. This consolidation has been spurring the number of production capacities of caramel.

New product introductions, such as salted caramel flavored ready-to-drink, premium milkshakes by Dairy brand Jude (the UK) and salted caramel-flavored cold brew coffee in a can by Baileys Irish Cream, an Irish whiskey and cream-based liqueur brand have led to increasing the Caramel Market Size. Additionally, among several factors that have been defining recent changes in product consumption include significant advancements in production technology.

On the other hand, spreading awareness about the adverse effects of consuming caramel excessively, is a key factor impeding the growth of the market. Factors, such as the rising cost of production energy, raw material cost, and other manufacturing costs alongside the rapid changes in the production process and technology are hampering the growth of the market. The rising demand for natural and organic products is expected to support the market growth, offering lucrative opportunities to market players.

Global Caramel Market - Segments

The report is segmented into four market dynamics to widen the scope of understanding,

 

By Function                : Colors, Toppings, Flavors, and Fillings, among others.

By Form                      : Solid & Semi-Solid and Liquid, among others.

By Application            : Bakery & Confectionery, Beverages, Dairy & Frozen Desserts, and Snacks, among others.

By Regions                  : Asia Pacific, North America, Europe, and the Rest-of-the-World.

 

Global Caramel Market - Regional Analysis

The Asia Pacific region leads the global Caramel Market Overview with the highest market share. In 2017, the region accounted for a market share of 34.07% and is further projected to grow at a CAGR of 5.9% throughout the forecast period. China, among other major markets in the region, accounts for the largest revenue share and would continue to do so in the future as well. Whereas the Indian caramel market is projected to register the highest CAGR during the forecast period (2018 to 2025).  The rapidly growing food & beverages industry in rapidly developing countries like India, Japan, and China is a key driving force substantiating the regional market growth.

The caramel market in North America takes the second lead. The popularity of caramel flavor is a key factor driving the growth of the regional market.  High consumption of caramel flavored products in the burgeoning bakery and confectionary industry are projected to allow the region to generate high revenue pockets in the global caramel market. A large number of production units and consumers in the region alongside, the increasing the consumer inclination towards convenience foods and bakery & dairy desserts drive market growth.

The European caramel market is too growing lucratively, majorly due to the popularity of caramel products. High consumption of caramel-flavored products, especially in Germany, the UK, and Russia are supporting the market growth in the region. Furthermore, the improving economy in the region has been enabling Europe to generate a substantial revenue pocket in the global caramel market, fostering the sales in the food & beverages industry.

Global Caramel Market - Competitive Analysis

Highly competitive, the global caramel market appears to be fragmented due to the presence of many players with the international and regional market. To gain a competitive advantage, mergers & acquisitions, brand reinforcement, collaboration, expansion, and innovation/ product launch remain key trends for leading players. Mergers and acquisitions activities that characterized the caramel market over the past few years have also impacted producers of caramel products.

Major Players:

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

Industry/ Innovation/ Related News:

July 04, 2019 ----- DuPont Nutrition & Biosciences (the US), a business unit of DowDuPont Specialty Products Division, announced the divestment of its natural colors business to DDW, Inc. (the US), a leading global manufacturer of edible food flavors, natural and caramel colors, coloring foods, and burnt sugars for food and beverage products.

Selling the business is in line with DuPont’s portfolio management strategy for high return opportunities. The acquisition strengthens the global reach of DDW, adding technical and manufacturing capabilities in several core natural colors.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Organic Spices Market Overview, Size, Competitive Landscape, Revenue Analysis 2030

Image
  Market Overview The organic spices market is expected to experience a CAGR of 6.7% during the forecast period (2023-2030), increasing from USD 0.9 billion to USD 1.3 billion. The rise in several health-conscious consumers and the increase in awareness regarding the health benefits associated with the consumption of organic spices are the two main factors driving the global organic food & beverages market. North America and Europe are the dominant regions in consuming different types of organic food products. It is attributable to a rise in per-capita income and continuous product evolution from the manufacturers’ side in these regions. Furthermore, some food manufacturers have focused on availing their food products in organic form due to the rise in preferences for organic products.   They are available in different forms as per consumer preferences, i.e., powder, granular, and liquid, further expected to drive the Organic Spices Market Overview . Some non-p...
Read more

Catalyst Fertilizer Market Size, Product Launch, Major Companies, Revenue Analysis, Till 2030

Image
  Catalysts are vital in industrial production, constituting 60% of consumer and industrial products. They enhance chemical processes, boosting efficiency, output, and cost savings. Catalyst development focuses on improving activity, reducing environmental impact, and increasing longevity. The global catalyst fertilizer market is expected to reach $2.8 billion by 2023, growing at a CAGR of 2.56%. Fertilizer catalysts improve plant performance and efficiency while reducing emissions from production. The demand for fertilizer catalysts is rising due to increased production of ammonium and phosphate fertilizers, and innovation in ammonia production to reduce emissions. Market Dynamics MRFR (Market Research Future) claims that the Catalyst Fertilizer Market Size 2020 can accrue a strong valuation of 2,994.38 MILLION by 2030. MRFR’s extensive study also reveals that the market can expand t to burgeon at a rate of 3.2% from 2022 to 2030 (analysis period). We will provide COVID-19 i...
Read more

Fruit and Vegetable Processing Enzymes Market Size, Revenue, Key Players, Growth, Share and Forecast Till 2030

Image
  Market Analysis The market value of Fruit and Vegetable Processing Enzymes is expected to reach USD 75.69 billion by 2030, with a notable growth rate of 7.65% between 2022 and 2030. The global fruit and vegetable enzymes market is predicted to have an impressive growth over the estimated years (2022-2030). Enzymes are a crucial part of fruit & vegetable processing. It helps to increase yield, intensify juice color, shorten production times, clarify fruit juice and firm up fruit. Besides, it also helps in retaining the nutritional value and good flavor, boost the consistency and color of fruit applications, extend shelf life and reduce the danger of microbial spoilage. The extensive utilization of enzymes that are vegetable and fruit derived, found in the powdered or liquid form are used in diverse industries namely dietary supplements, pharmaceuticals, food and beverages and more. It has gained immense popularity amid manufacturers of diverse processed vegetables and frui...
Read more