Lucintel Forecasts Caramel Ingredient Market to Grow at a CAGR of 7%-9%

According to the recent study the caramel ingredient market is projected to grow at a CAGR of 7%-9% from 2020 to 2025. Growth in this market is primarily driven by rising application in the confectionery, bakery, and beverages industries and growth in the convenience food industry. 

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in caramel ingredient market by type (colors, flavors, fillings, inclusions, toppings, and others), application (bakery products, confectionery products, ice creams & desserts, beverages, alcoholic drinks, non-alcoholic drinks, and others), form (solid, liquid and powder/granular), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Colors market is expected to remain the largest segment during the forecast period.”         

Based on type, the caramel ingredient market is segmented into colors, flavors, fillings, inclusions, toppings, and others. Lucintel forecasts that the colors market is expected to remain the largest segment during the forecast period due to the safety associated with its use as mentioned by the leading food ingredient authorities, such as the Food and Drug Administration (FDA).

“Within the caramel ingredient market, the confectionery products segment is expected to remain the largest application.”     

Based on application, the confectionery products segment is expected to witness the largest segment over the forecast period due to the rise in demand for confectionery products in countries, such as China and India.

“Asia Pacific will dominate the caramel ingredient market in near future.”

Asia Pacific is expected to be the largest region over the forecast period and it is also expected to witness the highest growth over the forecast period due to the rise in disposable income in the region, leading consumers to try out bakery & confectionery products.

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Major players of caramel ingredient market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Kerry Group, Cargill, Sensient Technologies Corporation, Puratos Group, and Sethness Caramel Color, DDW The Color House, Nigay, Metarom, Martin Braun, Göteborgsfood Budapest ZRT, and Bakels Worldwide are among the major caramel ingredient providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/caramel-ingredient-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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