Asia-Pacific to Register Highest CAGR in Caramel Ingredients Market During Forecast Period
Growing number of consumers, increased demand from
confectionary & bakery industries and rising disposable income to drive the
growth of global caramel ingredients market during the forecast period
According
to TechSci Research report, “Global
Caramel
Ingredients Market By Form, By End Use, By Purpose, By Region, Competition,
Forecast & Opportunities, 2024”, the
global caramel ingredient market is expected to witness a robust CAGR during
the forecast period on the account of increasing demand for eatables specially
among youth, increase in online food delivering platforms, increasing demand
for frozen baked products, and surge in women population. Moreover, caramel
ingredients are being widely used in confectionary products, which is
positively influencing the global caramel ingredient market during the forecast
period. However, some factors can act as major impediments to the market in the
years to come such as constantly rising raw material prices, which in turn
leading to rising product prices coupled with shift in the eating habits of
consumers to focus more on healthier products.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on " Global Caramel Ingredients
Market "
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In
terms of form, the global caramel ingredient market is fragmented into liquid
caramel vs. solid/powder/granular caramel. Among them, the liquid caramel is
estimated to dominate the market during the next 5 years owing to its intensive
usage in food & beverage industry. Apart from this, the
solid/powder/granular segment is likely to witness high growth over the
forecast period which is attributable to the fact that powdered caramel has a
better shelf life when compared to its liquid form and is widely used in bakery
and packaged food products. Based on end
user, the beverage industry is expected to show significant growth over the
coming years on the account of caramelized sugar syrups and powdered &
liquid caramel colors that are extensively used during the production of
alcoholic and non-alcoholic beverages like tea, lemonade, beer, fruit drinks,
powdered drink mixes, among others.
Cargill
Incorporated, Sensient Technologies Corporation, Kerry Inc., Puratos Group, Sethness
Caramel Color, Bakels Worldwide, Nigay, Alvin Caramel Colours (India) Private
Ltd among others are the leading players operating in global caramel
ingredients market.
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“On
the basis of region, North America dominated the global caramel ingredient
market until 2018 which can be attributed to the factors, such as increasing
popularity of frozen and packaged food mostly bakery products and desserts,
among the consumers. Also, Asia-Pacific region is projected to register fastest
growth in the upcoming years. Moreover, increasing consumer awareness regarding
the advantages of fresh as well as natural label flavors and colors in Asian
countries, is projected to positively influence the growth of global caramel
ingredients market over the forecast years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Caramel Ingredients Market By Form, By End
Use, By Purpose, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global
caramel ingredients market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global caramel
ingredients market.
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