Europe Powder Caramel Market: By Product Type (Toppings, Fillings, Colors, Inclusions, Flavors, Others), By Application (Bakery Products, Ice-Cream and Desserts, Confectioneries, Sauces, Beverages, Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Caramel is the confectionary products produced by heating of sugar with water. Caramel contains the unique sweet taste and appears in brown colour. Caramel is available in solid, liquid, granular, and powder. It is widely used as flavoring, toping, and filling in food and beverage products. Moreover, it is also used in the creams, candy, nuts, marshmallows, cookies, and desserts among others.
Increase in the production and consumption of powder caramel in the Europe countries is a key factor drive the Europe powder caramel market. Moreover, wide range of applications of powder caramel in food and beverages segment, change in lifestyle, rise in disposable income, and increase in the usage of powder caramel for topping on bakery products are anticipated to surge the Europe powder caramel market over the forecast years. However, increase in the prevalence of diabetes and obese population avoiding the caramel due to high content of sugar, rise in price of raw material, and decrease in the confectioneries usage due to adoption of healthy lifestyle are restrain the growth of Europe powder caramel market.
Europe powder caramel market is segmented based on product type and application
Based on product type, market is segmented into the following:
Based on the application, market is segmented into the following:
- Bakery Products
- Ice-Cream and Desserts
Geographically, Europe powder caramel market is segmented into Germany, France, U.K, Italy Spain, Russia, Poland, and Rest of Europe. Germany powder caramel market is poised to grow due to rise in demand for the bakery products and processed foods, change in lifestyle, and rise in disposable income are bolster the market. France powder caramel market has a lucrative growth attributed to increase in the production and consumption of caramel, establishment of newer plants in France, for instance, In July 2017, Nigay, a French caramel supplier invested €20 mn for the construction of second factory in Northern France, rise in adoption of beverages and processed food products are surge the market. U.K. powder caramel market has prominent share attributed to launch of newer food and beverage products, increase in the adoption of confectioneries, and rise in production of caramel are fuel the market.
Some of the players in the Europe powder caramel market include:
- Cargill, Incorporated (U.S.)
- Kerry Group (Ireland)
- Sensient Technologies Corporation (U.S.)
- Sethness Caramel Color (U.S.)
- Puratos Group (Belgium)
- Bakels Worldwide (Switzerland)
- Nigay (France)
- Martin Braun KG (Germany)
- Göteborgsfood Budapest ZRT (Hungary)
- DDW The Colour House (U.S.)
- Metarom (France)
In July 2016, a French caramel producer expanded its caramel production capacity in U.S. with the acquisition of Le Caramel company in U.S.