Caramel Ingredients Market - Global Trends & Forecast to 2021

The caramel ingredients market is projected to grow at a CAGR of 7.5% during the forecast period to reach USD 2.65 billion by 2021. The market is driven by factors such as increase in the demand for caramel in the confectionery industry owing to the ever-changing consumer’s taste preferences. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.
“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.
“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.
BREAKDOWN OF PROFILE OF PRIMARY PARTICIPANTS
 By Company Type: Tier 1 – 40 %, Tier 2 – 40% and Tier 3 – 20%
 By Designation: C level – 40%, Director level – 20%, Manger level –40%
 By Region: North America – 12%, Europe– 25%, Asia-Pacific – 50%, Middle East –13%

Leading players such as 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), Goteborgsfood Budapest ZRT (Hungary), and Bakels Worldwide (Switzerland) have dominated the caramel ingredients market.

Reasons to buy this report:
‧ To get a comprehensive overview of the global caramel ingredients market
‧ To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
‧ To gain insights of the major countries/regions in which the caramel ingredients market is flourishing

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 18
1.3.1 MARKET COVERED 18
1.4 YEARS CONSIDERED 19
1.5 CURRENCY 19
1.6 UNITS 19
1.7 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.1.1 Key data from secondary sources 22
2.1.2 PRIMARY DATA 23
2.1.2.1 Key data from primary sources 23
2.1.3 KEY INDUSTRY INSIGHTS 24
2.1.3.1 Breakdown of primaries 24
2.2 MARKET SIZE ESTIMATION 25
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 28
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 29
2.4.1 ASSUMPTIONS 29
2.4.2 LIMITATIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 37
4.1 ATTRACTIVE MARKET OPPORTUNITIES FOR CARAMEL INGREDIENT PRODUCERS AND PROCESSORS 37
4.2 CARAMEL INGREDIENTS MARKET, BY REGION, 2014–2021 (KT) 38
4.3 CARAMEL INGREDIENTS MARKET IN EUROPE, 2015 39
4.4 CARAMEL INGREDIENTS MARKET, BY TYPE, IN TERMS OF VALUE & VOLUME
(2015 VS. 2021) 40
4.5 CARAMEL INGREDIENTS MARKET, BY APPLICATION 41
4.6 CARAMEL INGREDIENTS MARKET ATTRACTIVENESS 42

5 MARKET OVERVIEW 43
5.1 INTRODUCTION 44
5.2 MACRO INDICATORS 44
5.2.1 RISING POPULATION 44
5.2.2 RISING DISPOSABLE INCOME AND URBANIZATION 45
5.3 MARKET SEGMENTATION 46
5.3.1 BY TYPE 46
5.3.2 BY APPLICATION 46
5.3.3 BY FORM 47
5.4 MARKET DYNAMICS 48
5.4.1 DRIVERS 49
5.4.1.1 Rising application industries 49
5.4.1.1.1 Rapidly growing confectionery and bakery industry 49
5.4.1.1.2 Rapidly growing beverage industry 50
5.4.1.2 Growth in the convenience food industry 51
5.4.2 RESTRAINTS 52
5.4.2.1 Globally increasing prices of caramel ingredients 52
5.4.3 OPPORTUNITIES 52
5.4.3.1 Increasing demand of clean/natural label products 52
5.4.4 CHALLENGES 53
5.4.4.1 Increasing awareness regarding the ill-health effects of caramel 53
6 INDUSTRY TRENDS 54
6.1 INTRODUCTION 54
6.2 GLOBAL CARAMEL INGREDIENTS MARKET: SUPPLY CHAIN ANALYSIS 54
6.3 GLOBAL CARAMEL INGREDIENTS MARKET: VALUE CHAIN ANALYSIS 55
6.4 GLOBAL CARAMEL INGREDIENTS MARKET: PORTERS FIVE FORCES ANALYSIS 56
6.4.1 INTENSITY OF COMPETITIVE RIVALRY 57
6.4.2 BARGAINING POWER OF SUPPLIERS 57
6.4.3 BARGAINING POWER OF BUYERS 58
6.4.4 THREAT OF SUBSTITUTES 58
6.4.5 THREAT OF NEW ENTRANTS 59
6.5 REGULATORY FRAMEWORK 59
6.5.1 INTRODUCTION 59
6.5.2 NORTH AMERICA 60
6.5.3 EUROPE 62
6.5.4 ASIA-PACIFIC 66

7 CARAMEL INGREDIENTS MARKET, BY BRAND 68
7.1 INTRODUCTION 68
7.2 PETER’S CARAMEL 68
7.3 DELI 68
7.4 APITO 68
7.5 CARNATION 68
7.6 HAAGEN-DAZS 68
7.7 HERSHEY’S 69
7.8 SMUCKER’S 69
7.9 KING’S CUPBOARD 69
7.10 TORANI 69
7.11 MARZETTI 69
8 CARAMEL INGREDIENTS MARKET, BY TYPE 70
8.1 INTRODUCTION 71
8.2 COLORS 73
8.3 FLAVORS 75
8.4 INCLUSIONS 77
8.5 FILLINGS 79
8.6 TOPPINGS 80
8.7 OTHER TYPES 82
9 CARAMEL INGREDIENTS MARKET, BY APPLICATION 83
9.1 INTRODUCTION 84
9.2 BEVERAGES 86
9.2.1 NON-ALCOHOLIC BEVERAGES 87
9.2.2 ALCOHOLIC BEVERAGES 88
9.3 CONFECTIONERY PRODUCTS 89
9.4 BAKERY PRODUCTS 91
9.5 ICE CREAMS & DESSERTS 92
9.6 OTHER FOOD APPLICATIONS 94
10 CARAMEL INGREDIENTS MARKET, BY FORM 95
10.1 INTRODUCTION 96
10.2 LIQUID CARAMEL 97
10.3 SOLID CARAMEL 99
10.4 POWDER/GRANULAR CARAMEL 100

11 CARAMEL INGREDIENTS MARKET, BY REGION 102
11.1 INTRODUCTION 103
11.2 NORTH AMERICA 105
11.2.1 NORTH AMERICA: CARAMEL INGREDIENTS MARKET, BY TYPE 107
11.2.2 NORTH AMERICA: CARAMEL INGREDIENTS MARKET, BY APPLICATION 109
11.2.3 NORTH AMERICA: CARAMEL INGREDIENTS MARKET, BY FORM 111
11.2.4 U.S.: CARAMEL INGREDIENTS MARKET, BY TYPE 112
11.2.5 CANADA: CARAMEL INGREDIENTS MARKET, BY TYPE 114
11.2.6 MEXICO: CARAMEL INGREDIENTS MARKET, BY TYPE 116
11.3 EUROPE 118
11.3.1 EUROPE: CARAMEL INGREDIENTS MARKET, BY TYPE 121
11.3.2 EUROPE: CARAMEL INGREDIENTS MARKET, BY APPLICATION 123
11.3.3 EUROPE: CARAMEL INGREDIENTS MARKET, BY FORM 125
11.3.4 GERMANY: CARAMEL INGREDIENTS MARKET, BY TYPE 126
11.3.5 U.K.: CARAMEL INGREDIENTS MARKET, BY TYPE 128
11.3.6 FRANCE: CARAMEL INGREDIENTS MARKET, BY TYPE 130
11.3.7 ITALY: CARAMEL INGREDIENTS MARKET, BY TYPE 132
11.3.8 SPAIN: CARAMEL INGREDIENTS MARKET, BY TYPE 134
11.3.9 REST OF EUROPE: CARAMEL INGREDIENTS MARKET, BY TYPE 136
11.4 ASIA-PACIFIC 138
11.4.1 ASIA-PACIFIC: CARAMEL INGREDIENTS MARKET, BY TYPE 141
11.4.2 ASIA-PACIFIC: CARAMEL INGREDIENTS MARKET, BY APPLICATION 143
11.4.3 ASIA-PACIFIC: CARAMEL INGREDIENTS MARKET, BY FORM 145
11.4.4 CHINA: CARAMEL INGREDIENTS MARKET, BY TYPE 146
11.4.5 INDIA: CARAMEL INGREDIENTS MARKET, BY TYPE 148
11.4.6 JAPAN: CARAMEL INGREDIENTS MARKET, BY TYPE 149
11.4.7 AUSTRALIA & NEW ZEALAND: CARAMEL INGREDIENTS MARKET, BY TYPE 151
11.4.8 REST OF ASIA-PACIFIC: CARAMEL INGREDIENTS MARKET, BY TYPE 153
11.5 REST OF THE WORLD (ROW) 155
11.5.1 ROW: CARAMEL INGREDIENTS MARKET, BY TYPE 157
11.5.2 ROW: CARAMEL INGREDIENTS MARKET, BY APPLICATION 158
11.5.3 ROW: CARAMEL INGREDIENTS MARKET, BY FORM 160
11.5.4 LATIN AMERICA: CARAMEL INGREDIENTS MARKET, BY TYPE 161
11.5.5 AFRICA: CARAMEL INGREDIENTS MARKET, BY TYPE 163
11.5.6 MIDDLE EAST: CARAMEL INGREDIENTS MARKET, BY TYPE 165
12 COMPETITIVE LANDSCAPE 167
12.1 OVERVIEW 167
12.2 COMPETITIVE SITUATION & TRENDS 168
12.2.1 NEW PRODUCT LAUNCHES 169
12.2.2 EXPANSION 170
12.2.3 INVESTMENTS 170
12.2.4 ACQUISITIONS 171
13 COMPANY PROFILES 172
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
13.1 INTRODUCTION 172
13.2 CARGILL, INCORPORATED 173
13.3 KERRY GROUP 176
13.4 SENSIENT TECHNOLOGIES CORPORATION 179
13.5 PURATOS GROUP 182
13.6 SETHNESS CARAMEL COLOR 184
13.7 DDW THE COLOR HOUSE 186
13.8 BAKELS WORLDWIDE 187
13.9 NIGAY 188
13.10 METAROM 189
13.11 MARTIN BRAUN KG 190
13.12 GOTEBORGS FOOD BUDAPEST ZRT 191
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
14 APPENDIX 192
14.1 DISCUSSION GUIDE 192
14.2 COMPANY DEVELOPMENTS 194
14.2.1 NEW PRODUCT LAUNCHES 194
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 195
14.4 AVAILABLE CUSTOMIZATIONS 197
14.5 RELATED REPORTS 198