Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2021 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | 7.8 % |
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Market Overview
The caramel ingredient market is projected to register a CAGR of 7.8% during the forecast period (2020-2025).
- Rising consumer indulgence in bakery products and increasing snacking habits have been boosting the bakery and confectionery industries, and thus, majorly uplifting the associated ingredients market, including that of caramel.
- However, a surge in the intake of low-carbs diets, led by rising health concerns, remains a roadblock to the market. As a result, many manufacturers have initiated the production of caramel alternatives, which is posing a threat to the market.
Scope of the Report
The caramel ingredient market offers liquid/syrup and powdered type of caramels, which find applications in bakery, confectionery, beverages, and dairy and frozen desserts, among others. The study also covers the global-level analysis of the major regions, including North America, Europe, Asia-Pacific, and Rest of the World.
| Type | |
| Powder | |
| Liquid/Syrup |
| Application | |
| Bakery | |
| Confectionery | |
| Beverages | |
| Dairy and Frozen Desserts | |
| Other Applications |
| Geography | |||||||||
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Key Market Trends
Increased Application Of Bakery Ingredients In Developing Regions
The consumption of bakery ingredients is rising, along with the increasing consumer indulgence in bakery products. Apart from the ease of preparation that it offers, smaller and bite-sized packaging also adds up to the convenience of bakery products. Many baked goods, such as cream-filled biscuits and cakes, are now available in sturdy and aesthetic packaging formats, which not only increase the shelf-life but also contribute to the overall attractiveness and sales of the products. Additionally, consumer demand for additive-free, non-GMO, clean-label, and health-promoting baked goods has augmented the demand for bakery products.
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Asia-Pacific Emerges As The Fastest Growing Market
The emerging economies of Asia-Pacific represent large untapped potential for the development of bakery ingredients, including caramel, owing to the rising disposable incomes, urbanization, and the demand for western-style diets. The population in the Asia-Pacific region represents diversified tastes and preferences, thus, offering a chance to the manufacturers to experiment with varieties. Hence, manufacturers are constantly innovating and widening their product portfolios to meet the dynamic consumer demands. Consumers are increasingly interested in a diverse variety of foods that have superior taste, and are safe and nutritious.
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Competitive Landscape
The caramel ingredient market is highly fragmented. The market has a large number of small players and to combat such fierce competition, the mid- and small-sized companies are adopting strategies, such as consolidation activities and entering into long-term contracts with client companies. The key players in the caramel ingredient market include Cargill Incorporated, Sensient Technologies Corporation, and Puratos Group, among others.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Powder
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5.1.2 Liquid/Syrup
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5.2 Application
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5.2.1 Bakery
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5.2.2 Confectionery
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5.2.3 Beverages
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5.2.4 Dairy and Frozen Desserts
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5.2.5 Other Applications
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Spain
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5.3.2.2 United Kingdom
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5.3.2.3 Germany
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5.3.2.4 France
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5.3.2.5 Italy
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5.3.2.6 Russia
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5.3.2.7 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 Rest of Asia-Pacific
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5.3.4 Rest of the World
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5.3.4.1 Brazil
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5.3.4.2 South Africa
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5.3.4.3 Other Countries
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Cargill Incorporated
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6.4.2 Sensient Technologies Corporation
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6.4.3 Kerry Inc.
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6.4.4 Puratos Group
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6.4.5 Sethness Caramel Color
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6.4.6 Bakels Worldwide
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6.4.7 Nigay
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6.4.8 Alvin Caramel Colours (India) Private Ltd
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global Caramel Ingredient Market market is studied from 2016 - 2026.
What is the growth rate of Global Caramel Ingredient Market?
The Global Caramel Ingredient Market is growing at a CAGR of 7.8% over the next 5 years.
Which region has highest growth rate in Global Caramel Ingredient Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Caramel Ingredient Market?
North America holds highest share in 2020.
Who are the key players in Global Caramel Ingredient Market?
Cargill Incorporated, Sensient Technologies Corporation, Sethness Caramel Color, Kerry Inc., Puratos Group are the major companies operating in Global Caramel Ingredient Market.
