Caramel Ingredients Market worth 2.65 Bn USD by 2021

Tuesday 28 June 2016, Amsterdam

The report, now available on ASDReports, "Caramel Ingredients Market by Type (Colors, Flavors, Fillings, Inclusions, Toppings, and Others), Application, Form, & by Region - Global Trends & Forecast to 2021", is projected to grow from USD 1.72 Billion in 2015 to USD 2.65 Billion by 2021, at a CAGR of 7.5%. Factors such as increasing demand for bakery and beverage products owing to changing consumer lifestyles are expected to increase the demand for caramel ingredients, globally.

Rising trend of food decoration to drive the toppings segment

The toppings segment is projected to grow at the highest rate during the forecast period. Furthermore, increasing trend of dining outside has increased the importance of food decoration due to which food manufacturers are concentrating on making their products more appealing to the consumers which is expected to fuel the demand for caramel toppings.

Changing lifestyles to increase the demand for ice creams & desserts application

Based on food application, the ice creams & desserts segment is projected to be the fastest growing. Changing dietary habits due to factors such as changing consumer lifestyles, increasing consumption of out-of-home desserts, and inclusion of various non-traditional products such as ice creams and cakes in desserts has led to an increased demand for ice creams & desserts.

Untapped market potential for key players in the Asia-Pacific region

The demand for caramel ingredients is expected to increase in the Asia-Pacific region owing to factors such as rising disposable incomes and urbanization in countries such as China, India, and Australia-New Zealand. Furthermore, the rising consumer awareness about the benefits of clean/natural label colors and flavors in Asian countries is expected to offer growth opportunities to caramel ingredients manufacturers.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such Kerry Group (Ireland), Cargill, Incorporated. (U.S.), Sensient Technologies Corporation (U.S.), Puratos Group (Belgium), and Sethness Caramel Color (U.S.), DDW The Colour House (U.S.), Nigay (France), Metarom (France), Martin Braun KG (Germany), Göteborgsfood Budapest ZRT (Hungary), and Bakels Worldwide (Switzerland).