The global caramel ingredients market was valued at USD 1.72 Billion in 2015. It is projected to reach USD 2.65 Billion by 2021, at a CAGR of 7.5% from 2016 to 2021. The market is driven by factors such as demand for caramel in bakery and confectionery products due to changing consumer preferences. Furthermore, factors such as increasing disposable incomes and rapid urbanization have also increased the demand for caramel ingredients. The high growth potential in emerging markets and unexplored regions provides new growth opportunities for market players.
Among the application of the caramel ingredients, the confectionery application accounted for the largest market share, followed by beverages, in 2015, whereas the ice creams & desserts segment is projected to grow at the highest rate during the forecast period. The demand for ice creams & desserts is expected to rise due to the introduction of new and distinct flavors in ice creams & desserts because of changing consumer lifestyles.
“Toppings segment is projected to grow at the highest rate”
Among the types of caramel ingredients, the topping segment is projected to grow at the highest rate in the global caramel ingredients market. Factors such as increasing trend of dining outside and the importance of food decoration have led to an increased demand for caramel topping.
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“Powder or granular segment is projected lead the market in terms of growth rate”
Among the forms of caramel ingredients, the powder or granular segment is projected to grow at the highest rate in the global caramel ingredients market. Its longer shelf life and increased use in packaged food & beverage products have led to an increased demand for powder/granular form of caramels.
“Asia-Pacific is projected to lead the market in terms of growth rate”
On the basis of region, the caramel ingredients market is led by the Asia-Pacific region. The economic growth in Asian countries such as China, India, Japan, and Australia-New Zealand offers great market investment opportunities to the food &beverage manufacturers. These countries are expected to become major regional markets that would contribute to the growth of the global caramel ingredients market in the near future.
The prices of caramel ingredients have been increasing tremendously since the last decade owing to the constantly rising prices of ingredients used in caramel production. This rise in the prices of raw materials is expected to lead to a subsequent rise in the price of caramel ingredients, which in turn is expected to hamper the market growth.
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The key market players that account for a major share of the caramel ingredients market include Kerry Group (Ireland), Cargill, Incorporated (U.S.), Sensient Technologies Corporation (U.S.), Puratos Group (Belgium), and Sethness Caramel Color (U.S.). Other players, which include DDW The Colour House (U.S.), Nigay (France), Metarom (France), Martin Braun KG (Germany), Göteborgsfood Budapest ZRT (Hungary), and Bakels Worldwide (Switzerland), also have a strong presence in the global caramel ingredients market. The key market players have adopted strategies such as new product launches, investments, acquisitions, and expansions to meet the changing food demand. The leading players are aiming on strengthening their R&D capabilities by investing in innovative technologies to offer differentiated product portfolios for different applications, particularly in the bakery products, confectionery products, ice creams & desserts, and beverages.
Bulk Food Ingredients Market Primary Processed by Type, Secondary Processed by Type, by Application (Food (Bakery, Confectionery, Snacks & Spreads, Ready Meals), & Beverages (Alcoholic & Non-Alcoholic)), and by Region - Global Trends and Forecast to 2021 is now available at RnRmarketreserch.com as per the report The global bulk food ingredients market is projected to reach USD 472.10 Billion by 2021. The market is driven by factors such as increased demand for snacks & spreads, ready meals, and infant formulas due to changing consumer preferences. Furthermore, factors such as increasing disposable incomes and rapid urbanization have also increased the demand for these ingredients. The high growth potential in emerging markets and unexplored regions provide new growth opportunities for market players. You can view details at http://www.rnrmarketresearch.com/bulk-food-ingredients-market-primary-processed-by-type-secondary-processed-by-type-by-application-food-bakery-confectionery-snacks-spreads-ready-meals-beverages-alcoholic-non-alcoholic-and-by-regi-st-to-2021-market-report.html
Baking Ingredients Market by Type (Emulsifiers, Leavening Agents, Enzymes, Baking Powders & Mixes, Oil, Fats & Shortenings, Starch, Colors & Flavors), Application (Bread, Biscuits & Cookies, Cakes & Pastries, Rolls & Pies), and Region - Global Trends & Forecast to 2020 is now available at RnRmarketreserch. Com as per the report The baking ingredients market is projected to grow at a CAGR of 5.2% from 2015 to reach a projected value of USD 15.19 Billion by 2020. The market growth is driven by growing customer demand for healthier foods, convenience foods, and functional baked goods. The market is further driven by factors such as demand for gluten-free foods and innovative product developments for improved baking ingredients such as modified starch, enzymes, emulsifiers, baking powders & mixes that can be cost-effective as well as used in a wide range of baked items. http://www.rnrmarketresearch.com/baking-ingredients-market-by-type-enzymes-emulsifiers-leavening-agents-fats-shortenings-mold-inhibitors-colors-flavors-application-bread-biscuits-cookies-cakes-pastries-rolls-pie-market-report.html