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The scope of application of caramel is steadily expanding. Caramelization is the oldest method for food coloring as caramel gives the deep brown color to colas and carbonated drinks and amber gold color to beer or other alcoholic drinks. Also, consumers are demanding for natural personal care products that provides traction to the use of caramel as a personal care colorant. Our market research study identifies the increased applications of caramel to be one of the primary growth factors for the caramel ingredient market. Caramel is being used in a wide variety of products including snacks, drinks, and hair coloring products. Technavio's market research analysts have estimated that this market will grow steadily at a CAGR of more than 8% by 2021.
The growing demand for organic food products is encouraging the manufacturers to develop healthier products by using high-quality ingredients and raw materials. Influenced by the growing health awareness and multiple health benefits of natural organic caramel ingredients, consumers are demanding for organic caramel ingredients such as organic caramel sauce, organic caramel syrup, and organic salted caramel. Organic caramel ingredients are healthier and safer as they are free from pesticides and chemicals. The growing demand for organic caramel ingredients will be one of the key trends that will gain traction in the caramel ingredient market during the next few years.
The caramel ingredient market is highly fragmented owing to the presence of several large and small vendors offering different types of caramel ingredients in various products. Caramel ingredient vendors compete intensely in terms of price, quality, innovation, distribution, and promotion. Vendors are being influenced by the changing consumer demand and are developing new varieties of food products with caramel ingredients. To attain competitive advantage, the vendors in the caramel sauce market have the need to distinguish their product offerings through a unique value proposition.
The leading vendors in the market are
The other prominent vendors in the market are Bakels Worldwide, Frito-Lay, GOETZE'S CANDY, GÖTEBORGS FOOD BUDAPEST, Martin Braun, Metarom Group, Nigay, and Warren Corporation.
Bakery products, such as bread, cakes, pastries, biscuits, breakfast cereals, and other baked items, make use of caramel as an essential ingredient. Increasing consumption of bakery products due to change in consumer lifestyle and the rapid expansion of retail bakeries contributes towards the bakery products segment accounting for major shares in the caramel sauce market.
APAC will be the major revenue contributor to the caramel ingredient market in the coming years and this will mainly attribute to the increasing disposable income of consumers and the growing number of distribution channels in this region. Caramel in extensively used in food items as food dressings, enhancers, and colorants to cater to the increasing demand from countries such as China, India, South Korea, and Indonesia.
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Caramel is a brown colored sugar syrup that is primarily used as a flavoring or coloring agent in a variety of food products. These food products are mainly used in bakery and cereal products, beverages, and ice-cream. It is also used as an ingredient in health drinks and chocolates. Caramel has a wide variety of application in food products and is the primary flavor ingredient in many food products. The upcoming research report for the global caramel ingredient market presents a better understanding of the food and beverage industry and also offers a thorough assessment of industry analysis parameters such as competitive landscape, market size, supplier strengths, and the presence of complementary products.
The market research analyst at Technavio gathers immense data and information using primary and secondary research, and processes those using complex statistical models to present an accurate analysis of the market landscape. Industry analyst at Technavio also utilize literature review, case studies, empirical study, and secondary analysis as some of the research tools to help the clients understand the evolving needs of the food industry and anticipate and react accordingly to build competence in the market.
To gain precise information on the market size, market share, and growth potential of each regional markets, the report also offers a geographical segmentation analysis by covering regions such as APAC, the Americas, and EMEA. Kerry Group, Cargill, Incorporated, Sensient Technologies Corporation, Puratos Group, Sethness Caramel Color, DDW The Colour House, Nigay, Metarom, and Martin Braun KG are some of the vendors covered in this report. The application of caramel has been widening ever since companies have started marketing varieties of food products. Caramel is not only used in chocolates but is also used in popcorn, ice-creams, chocolate drinks, drinks, and other foods. Our analysts believe that with the ever growing use of caramel, the market for caramel ingredient is expected to grow over the next few years.
The upcoming research report on global caramel ingredient market also covers other factors such as key market drivers, emerging trends, technological advancements, new applications areas, and opportunities and challenges faced by this industry. It also presents insights into the rapidly altering competitive scenario to give clients a precise picture of the upcoming events within the food industry. Technavio also provides deep-dive market assessments into the sectors such as alcoholic beverage and food service sectors.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Segmentation by application
PART 07: Segmentation by forms
PART 08: Segmentation by distribution channel
PART 09: Segmentation by geography
PART 10: Key leading countries
PART 11: Decision framework
PART 12: Drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
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