Global Caramel Ingredients Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Caramel Ingredients Market 2021 (Includes Business Impact of COVID-19)
Global Caramel Ingredients Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global caramel ingredients market report has been segmented on the basis of sensor type, form, application, and region.
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The global Caramel Ingredients market size was valued at USD $2.87 billion in 2020 and is projected to reach $5.76 billion by 2030, and is anticipated to expand at a CAGR of 7.20% over the forecast period from 2020 to 2030.


Global Caramel Ingredients Market: Overview


Caramel is a type of confectionery product made by a heating a variety of sugars. It comes in dark orange color and used as a filling, topping, or flavoring various types of cuisines. Caramel s available in a variety of textures from moist, too moist, chewy, etc. For the production of caramel, various ingredients can be used such as sugar, whey, flavors, salt, condensed milk, milk, molasses, butter, corn starch, vegetable oil, calcium carbonate, etc.


Global Caramel Ingredients Market: Dynamics


Increasing demand for convenience food among consumers, owing to changing lifestyle and food habits is a key factor driving growth of the global caramel ingredients market. In addition, rising consumption of bakery and confectionery products among individuals, coupled with growth processed food industry in developing countries are also factors supporting growth of the global market. Furthermore, growing trend for food decorations to make food production more appealing to the consumer is a factor expected to support growth of the global caramel ingredients market in the near future.

However, caramel contains a high amount of sugar. Regular consumption of high amounts of sugar can increase the triglyceride levels, which is a type of fat floats in bloodstreams.  It can increase the risk of heart disease. It can also advisedly affect dental health. These are some of the factors that may hamper growth of the global caramel ingredients market. Nevertheless, growing demand for naturally flavored products can create high revenue opportunities for players in the global market.


Global Caramel Ingredients Market: Segment Analysis


Among the application segments, the beverage segment is expected to register lucrative growth in terms of revenue in the near future. An increasing the number of cafes that include hot and cold beverages is a factor propelling growth of this segment in the global market. The confectionery products segment is anticipated to register high growth in terms of revenue over the forecast period. Use of caramel in candies, chocolate bars, chewing gums, etc. is fueling growth of the confectionery products segment in the target market.


Global Caramel Ingredients Market: Regional Analysis


The market in North America accounted for a significant share in terms of revenue, followed by Europe, Latin America, and Middle East & Africa. Increasing demand for packaged and frozen food products in countries in North America is driving growth of the caramel ingredients market in North America. Market in Asia Pacific is expected to register the highest growth in terms of revenue in the near future. Increasing consumption of bakery and confectionery products among individuals is a key factor supporting growth of the target market in this region. Growing population and rising disposable income in countries such as China and India is another factor expected to fuel growth of the caramel ingredient market in the Asia Pacific. Moreover, growing food and beverage industry in countries in this region, owing to the availability of low-cost raw material and labor is also a factor anticipated to augment growth of the target market.

Global Caramel Ingredients Market Segmentation:

Segmentation by Type:

  
Flavors
  
Inclusions
  
Fillings
  
Colors
  
Toppings
  
Others (Icing and Coating)

Segmentation by Form:

  
Powder/Granular
  
Liquid
  
Solid

Segmentation by Application:

  
Alcoholic Products
  
Non-alcoholic Products
  
Beverages
  
Confectionery Products
  
Bakery Products
  
Ice Creams & Desserts


Key Market Players included in the report:


  
Bakels Worldwide (Switzerland).
  
Cargill Incorporated
  
GOteborgsfood Budapest ZRT (Hungary)
  
Incorporated. (U.S.)
  
Kerry Group (Ireland)
  
Martin Braun KG (Germany)
  
Metarom (France)
  
Nigay (France)
  
Puratos Group (Belgium)
  
Sensient Technologies Corporation (U.S.)
  
Sethness Caramel Color,


Below are the key development related to Caramel Ingredients Market in 2020 and 2021.


May 2021: Olam Food Ingredients completes acquisition of Olde Thompson. OFI completes acquisition of Olde Thompson at an Enterprise Value (EV) of US$950 million. Transformative US acquisition for OFI’s spices business, enabling further expansion of private label offerings across its portfolio. Accelerates OFIs growth strategy of delivering sustainable, natural, value-added food ingredients and solutions. Olam Food Ingredients (“OFI”)1 is pleased to announce that the acquisition of leading US private label spices and seasonings manufacturer Olde Thompson, previously announced on April 29, 2021, was successfully completed on May 17, 2021 at an EV of US$950 million. The acquisition builds on a 15-year partnership with Olde Thompson and marks a significant milestone for OFI’s spices business, which is an attractive and growing part of OFI’s overall portfolio. It also expands OFIs private label capabilities and enables the business to provide consumers with a comprehensive range of bold, authentic, natural taste and flavours with end-to-end traceability and sustainability. Source