Global 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
Global powder caramel market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024.
Market Outline: Global Powder Caramel Market
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.
Market Dynamics: Global Powder Caramel Market
Increase in the demand for bakery foods, confectionaries, and other processed products coupled with surge in number of restaurants and bakeries drive the global 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 global powder caramel market over the forecast years. However, high amount of sugar present in the caramel, rise in price of raw material, and decrease in the confectioneries usage due to adoption of healthy lifestyle are restrain the growth of global powder caramel market.
Market Scope: Global Powder Caramel Market
Global 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
Regional Analysis: Global Powder Caramel Market
Geographically, global powder caramel market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America powder caramel market is poised to grow due to frequent launch of newer food and beverage products, rise in demand for the bakery products and processed foods, and rise in disposable income are bolster the market. Europe powder caramel market has a lucrative growth attributed to increase in the production and consumption of caramel, change in dietary habits due to change in lifestyle, rise in adoption of beverages and processed food products are surge the market. Asia Pacific powder caramel market has prominent share attributed to increase in the demand for natural label products in India, China, and Japan, rapid urbanization, and increase in the number of end user industries are fuel the market.
Competition Assessment: Global Powder Caramel Market
Some of the players in the global 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)
Notable Market Developments: Global Powder Caramel Market
- In July 2017, Nigay, a French caramel supplier invested €20 mn for the construction of second factory in Northern France