Caramel Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Caramel Market and is segmented by Type (Powder and Liquid/Syrup), Application (Bakery, Confectionery, Beverages, Dairy and Frozen Desserts, and Other Applications), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

Caramel Ingredients Market Size

Single User License
Team License
Corporate License
Book before:
Caramel Ingredient Market Summary
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.80 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Caramel Ingredient Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Caramel Ingredients Market Analysis

The caramel ingredient market is projected to register a CAGR of 7.8% during the forecast period (2022-2027).

During the COVID-19 outbreak, the market for caramel ingredients recorded steady growth as the people worldwide preferred nutritional and packaged food and beverage commodities. The piling up of surplus food commodities was not limited to the staples. Consumers purchased large amounts of snacks, processed foods, and juices amid the lockdown, increasing the global demand for caramel ingredients. However, a major challenge for the caramel ingredient market during COVID-19 was the constantly fluctuating raw material prices due to several obstructions, such as transportation and government restrictions.

Rising consumer indulgence in bakery products and increasing snacking habits are boosting the bakery and confectionery industries, thus increasing the demand for associated ingredients, including caramel. However, caramel is the most common ingredient widely preferred by consumers. Thus, it is used in confectionery products such as salted caramel chocolates, sweets, and cereal bars.

The confectionery segment obtained a major share in the market due to the wide-ranging applications of caramel as a topping and filling in food products like chocolates and candies. Several major companies are partnering with other firms to expand their product portfolios and end-user base. These firms are investing in R&D to produce caramel ingredients appropriate for an extensive range of food commodities and beverages by fulfilling the standards of regulatory authorities. This factor is further boosting the caramel ingredient market globally.

Caramel Ingredients Market Trends

This section covers the major market trends shaping the Caramel Ingredient Market according to our research experts:

Increased Application of Bakery Ingredients in Developing Regions

The consumption of bakery ingredients is rising, along with the increasing consumer indulgence in bakery products. As caramel is one of the most widely used colorants, it is applied across a broad range of applications, including cereals, cookies, certain bread, deli meats, and beverages, like tea, coffee, soda, and alcoholic beverages. Such applications are attracting consumers and contributing to the overall sales volume of the products. Additionally, consumer demand for additive-free, non-GMO, clean-label, and health-promoting baked goods has augmented the sales of bakery products. However, caramel popcorn is trending as it is the most famous snack consumed at sports events, movie theatres, food festivals, music shows, and other places worldwide. Thus, this segment is accelerating the market's growth.

Caramel Ingredient Market: Per Capita Consumption of Biscuits, (in kilograms), Germany, 2018-2021

North America Dominates the Market

The emerging economies of North America represent large untapped potential for the development of bakery ingredients, including caramel, owing to the rising disposable incomes, urbanization, and the trend of following healthy diets. North America dominates the caramel ingredient market, accelerating growth due to technological advancements in the food and beverage industry. However, with the increasing consumption of confectionery commodities, convenience food products are boosting the demand for caramel, thus fuelling the caramel ingredient market in North America. Hence, major manufacturers are constantly innovating and widening their product portfolios to meet the dynamic consumer demands by increasing their production. Consumers are interested in a diverse variety of foods with superior tastes that are safe and nutritious, including caramel-flavored food items.

Caramel Ingredient Market - Market Size (%), By Region, Global, 2021

Caramel Ingredients Industry Overview

The caramel ingredient market is highly competitive, with the presence of many small players. To combat such fierce competition, the medium and small-sized companies are adopting strategies, such as consolidation activities and entering long-term contracts with client companies. The key players in the caramel ingredient market include Cargill Incorporated, Kerry Inc., Sensient Technologies Corporation, Sethness Caramel Color, and Puratos Group. Advanced distribution network and manufacturing expertise give an upper edge to the manufacturers to expand their range of products worldwide.

Caramel Ingredients Market Leaders

  1. Cargill Incorporated

  2. Sensient Technologies Corporation

  3. Sethness Caramel Color

  4. Kerry Inc.

  5. Puratos Group

*Disclaimer: Major Players sorted in no particular order

Caramel Ingredient Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

Caramel Ingredients Market News

  • In 2021, Big Train, a brand of Kerry Group, released new dairy-free caramel latte flavors in its Big Train product family of hot and cold beverage mixes with 'GanedenBC30' probiotic, used by foodservice operators. This innovation aims to meet the consumer demand for healthy products.
  • In 2021, British Bakels launched a new Chocolate Millionaires Caramel PF, the latest addition to the True Caramel range. This new product provides all the versatile qualities of traditional Millionaires Caramel with a chocolatey twist. The company launched the product to expand its True Caramel range and boost the growth of caramel ingredients globally.
  • In 2019, Barry Callebaut announced the launch of its latest chocolate innovation, Caramel Aura. This newest addition to Barry Callebaut's caramel collection offers a premium and decadent flavor experience with the inclusion of specialized ingredients in combination with the fine-tuned processing, which delivers a creamy, warm, memorable, and flavor-forward caramel experience.

Caramel Ingredients Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Powder

      2. 5.1.2 Liquid/Syrup

    2. 5.2 Application

      1. 5.2.1 Bakery

      2. 5.2.2 Confectionery

      3. 5.2.3 Beverages

      4. 5.2.4 Dairy and Frozen Desserts

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Incorporated

      2. 6.4.2 Sensient Technologies Corporation

      3. 6.4.3 Kerry Inc.

      4. 6.4.4 Puratos Group

      5. 6.4.5 Sethness Caramel Color

      6. 6.4.6 Bakels Worldwide

      7. 6.4.7 Nigay

      8. 6.4.8 DDW the Color House

      9. 6.4.9 Martin Braun KG

      10. 6.4.10 Alvin Caramel Colours (India) Private Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON MARKET

**Subject to Availability
bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Caramel Ingredients Industry Segmentation

Caramel is a confectionery commodity used for flavoring, filling, and topping in the food and beverage industry. The caramel ingredient market is segmented by type, application, and geography. The report offers market size and forecast in value (USD million) for the above segments.

Type
Powder
Liquid/Syrup
Application
Bakery
Confectionery
Beverages
Dairy and Frozen Desserts
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa
customize-icon Need A Different Region Or Segment?
Customize Now

Caramel Ingredients Market Research FAQs

The Caramel Ingredient Market is projected to register a CAGR of 7.80% during the forecast period (2024-2029)

Cargill Incorporated, Sensient Technologies Corporation, Sethness Caramel Color, Kerry Inc. and Puratos Group are the major companies operating in the Caramel Ingredient Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Caramel Ingredient Market.

The report covers the Caramel Ingredient Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Caramel Ingredient Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Caramel Ingredient Industry Report

Statistics for the 2024 Caramel Ingredient market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Caramel Ingredient analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Caramel Ingredients Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)