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

  • TBI38011
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US
                                              

Report updated on 11th September, 2021: Global Caramel Market 2021 (Includes Business Impact of COVID-19)

Global Caramel Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global caramel market report has been segmented on the basis of form, function, application, and region. Request Covid - 19 Impact The global Caramel market size was valued at USD $2204.65 billion in 2020 and is projected to reach $3801.71 billion by 2030 is anticipated to expand at a CAGR of 5.60% over the forecast period from 2020 to 2030.

Global Caramel Market: Overview

Caramel is a type of candy or sweet substance which is obtained through heating the sugar up to 160 °C. While sugar is heated up to this point slowly, the molecules get braked down and formulate new compounds which comprise appealing brown color and unique sweet taste. This process is called caramelization and can be accomplished by using various types of sugar.

Global Caramel Market: Dynamics

Rapidly growing food and beverages sector across the globe is one of the major factor driving growth of the global market. In addition, the growing consumption of flavored candies and confectionery items among the young population, especially kids are some factors projected to support the revenue growth of the target market. Moreover, growing urbanization, changing buying patterns of the consumers regarding food items, along with increasing disposable income are some of the major factors expected to propel the target market growth. Also, increasing R&D activities related to product development including java pop coffee soda and tea-infused chocolates is a factor anticipated to augment growth of the global market. However, the volatile raw material price is a factor expected to hamper growth of the target market to a certain extent. In addition, health issues associated with overconsumption of caramel and caramel-based products such as dental problems, increase in fat, and other issues is another factor anticipated to limit growth of the global market.

Global Caramel Market: Segmental Analysis

Increasing demand for the caramel for adding the sweetened taste to candies is expected to support growth of the filling segment among the function segments. Among the form segments, the solid & semi-solid segment is projected to accounts major share in terms of revenue in the target market. Growing consumption of confectionery products such as candies, toffees, bakery, and cereals, and savory snacks is anticipated to propel growth of the bakery and confectionery segment among the application segments.

Global Caramel Market: Regional Analysis

The market in the Asia Pacific is expected to dominate the global caramel market. This is attributed to changing food consumption patterns of the consumer and the rising popularity of confectionery and bakery products. Moreover, the growing demand for innovative and organic caramel ingredients such as organic caramel syrup, organic salted caramel, and organic caramel sauce are projected to augment the target market growth during the forecast period. Europe caramel market is projected to account for significant revenue shares in the global market. Various countries such as Germany, Netherlands, the UK are likely to become a major regional market owing to well-established food and beverages sector. the Caramel market in North America is anticipated to register significant growth, owing to the increasing popularity of the caramel. Moreover, manufacturers of frozen desserts, confectionery products, and beverages are adopting the caramel as a natural sweetener and flavor, which in turns, rising growth of the target market.

Global Caramel Market Segmentation:

Segmentation by Function:
  • Colors
  • Toppings
  • Fillings
  • Flavors
  • Others (Icing and Coating)
Segmentation by Form:
  • Solid & Semi-Solid
  • Liquid
Segmentation by Application:
  • Bakery & Confectionery
  • Beverages
  • Dairy & Frozen Desserts
  • Snacks
  • Others (Malted food, breakfast cereals, sauces, etc.)

Key Market Players included in the report:

  • Alvin Caramel Colours
  • Bakels Worldwide
  • Barry Callebaut AG,
  • Cargill
  • DDW The Color House
  • Ferrero SpA
  • Frito-Lay
  • Goetzes Candy Company
  • Kerry Group
  • Mars Inc.
  • Martin Braun KG
  • Metarom Group
  • NestlE S.A.
  • Nigay SAS
  • Puratos Group
  • Sensient Technologies Corporation
  • Sethness-Roquette Caramel Color

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

September 2020: Nomo unveils vegan Caramel Filled Choc Bar. Kinnerton’s free-from chocolate brand Nomo is launching a vegan Caramel Filled Choc Bar in the UK. Nomo’s latest offering is made with a non-dairy alternative to milk chocolate and features a vegan caramel-flavoured centre. Free from dairy, gluten, egg and nuts, the bar is said to be made from sustainably sourced ingredients. Source January 2020: NestlE to release caramel-flavoured KitKat Gold in the UK. NestlE is launching a new caramel-flavoured chocolate bar to its KitKat range in the UK called KitKat Gold, following the success of the product in the Australian market. According to NestlE, KitKat Gold combines KitKat’s trademark crispy wafer with a smooth milk chocolate base and a creamy white chocolate topping, while the bar also features sweet caramel notes. KitKat Gold was released permanently in Australia following a limited-edition launch in 2018, as consumer reception to the product was extremely positive. Source

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Caramel Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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