The escalating growth of the working population coupled with the rising disposable income, changing dietary patterns of consumers, and intensifying bakery product consumption across the globe is driving the Caramel Ingredient market. Moreover, the rising demand for the confectionery and bakery products specifically and the presence of manufacturers and sellers on the e-commerce platform is driving the Caramel Ingredient market across the globe.
|Study Period||Historical Data: 2015-19|
|Base Year: 2019|
|Forecast Period: 2020-25|
|Regions Covered||North America|
|Middle East & Africa|
|Unit Denominations||USD Million/Billion|
According to the MarkNtel Advisors’ research report titled “Global Caramel Ingredient Market Analysis, 2020”, the Global Caramel Ingredient market is expected to surge at a CAGR of around 7.50% during 2020-25. North America acquired the major market of the Global Caramel Ingredient industry largely on an account of rising number of manufacturing facilities across the globe. According to the National Confectioners Association, there were more than 1,000 candy manufacturing facilities in the United States as of Dec 2019; and the numbers are expected to increase in the coming years with the growing demand for bakery goods, confectionery and beverages etc.
Moreover, the coloring segment dominated the market in 2019 due to the rising demand for colorful candies and chocolate which consists of caramel, coupled with the increasing theme-based celebrations across the globe. In addition, the growing number of coffee shops across the globe is resulting into the demand for caramel ingredient.
In the same year, confectionery segment acquired the substantial market share in Caramel Ingredient market on an account of the extensive use of caramel in the products such as chocolate and candies. However, the beverage industry is expected to grow at a rapid pace due to the vast usage in the alcoholic and non-alcoholic drinks.
Product Innovation by the Companies to Lead to Stiff Competition
The companies which largely use caramel ingredients in their products are actively expanding on R&D and launching new products to acquire the major market share. For instance, “Nestle” and “Starbucks” announced to launch refrigerated Starbucks creamers across the globe in 2019. The leading players with a considerable share in the industry are Cargill Inc., Nestle S.A., Mars Inc., Kerry Group, Ferrero SpA, Goetze’s Candy Company, Inc., DDW The Color House etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report Global Caramel Ingredient Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Billion.
Q. What would be the growth rate or CAGR Global Caramel Ingredient Market during 2020-25?
A. The market size of Global Caramel Ingredient Market during 2020-25 is forecast to be around 7.50%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North America grabbed the major market of the global caramel ingredient industry on account of rising number of manufacturing facilities across the globe.
Q. Who are the key competitors or players operating in Global Caramel Ingredient Market?
A. Cargill Inc., Nestle S.A., Mars Inc., Kerry Group, Ferrero SpA, Goetze’s Candy Company, Inc., DDW The Color House and few others are the leading players in the Global Caramel Ingredient Market.
Q. Does the report scope cover country wise market statistics also?
A. Yes, the scope of the report encompasses detailed country statistics such as market size, market segmentation based on various subcategories.
Q. Which application type would emerge as an opportunity area for players in Global Caramel Ingredient Market?
A. Based on the application type, the colouring segment dominated the market in 2109 on account of the rising demand for the colourful candy’s and chocolate coupled with the increasing theme based celebrations across the globe. In addition, the growing number of coffee shops across the globe is resulting into the demand for the caramel ingredient.
Q. Which end user would emerge as an opportunity area for players in Global Caramel Ingredient Market?
A. Confectionary segment grabbed the substantial market share in caramel ingredient market on account of the extensive use in the products such as chocolate and candies. However, the beverage industry is expected to grow at a rapid pace due to the vast usage in the alcoholic and non-alcoholic drinks.