Caramel is one of the most versatile and widely-used confectionery products. Typically, caramel confectionery has a unique sweet taste and an appealing brown color.
Caramel is extremely stable and applicable in a wide variety of foods and beverages, and caramel has other attractive features including:
Excellent heat resistance
Stable color across a wide pH range
Exceptional light stability
Caramel is one of the most popular flavors in North America. Approximately, over 31,000 new food and beverage products are being launched in North America, every year. Of these, more than 1,045 (around 3.3%) are flavored with caramel. A vast majority of these are confectionery, such as hot drinks, bakery and cereals, ice cream and savory snacks.
Caramel is increasingly found across sweet treat categories; ice cream and chocolate are the key areas for caramel application. One in two of all desserts with caramel is ice cream, while one in five of all the confectionery products featuring caramel is chocolate.
Caramel colors are often utilized in beer production to generate cost savings, as less expensive malted barley can be used. This color can be added either at the process stage or at the finished stage, to increase/darken the overall color of the final product. Caramel is the most widely used colorant in the soft drink industry.
Consumer awareness about the health issues related to caramel is restricting the growth of caramel market; certain ingredients used in making caramel color can cause temporary or permanent health issues.
Among the application segment of the caramel ingredients, ice creams & desserts segment is projected to witness the highest growth rate during the forecast period. In the recent past, confectionery application accounted for the largest market share.
Geographically, North America is leading the market of caramel ingredients, regarding value and volume. The Asia-Pacific region is projected to be the fastest-growing market during the forecast period.
Innovative Market Products with Caramel Flavor
Dunkin' Donuts is testing Caramel Shaved Iced Espresso - espresso shots served over shaved ice, topped with caramel and whipped cream - in Maine and Florida.
Hershey’s launched Hershey Caramel Cookie Layer Crunch — this includes cookie bits and caramel
The key players of global caramel ingredient market include:
Sensient Technologies Corporation
Sethness Caramel Color
Our report on the global caramel ingredient market covers:
MRO market trends & dynamics
Latest News & caramel ingredient market developments
Porter’s five forces analysis
1.1 Research Methodology
1.2 Market Definition
1.3 Report Description
2. Market Overview
2.1 Market Trends
3. Market Overview
3.1 Market Dynamics
188.8.131.52 Rising Demand from Confectionery and Bakery Industries
184.108.40.206 Growth in the Convenience Food Industry
220.127.116.11 Rapidly Growing Beverage Industry
18.104.22.168 Increasing Prices of Caramel Ingredients Worldwide
22.214.171.124 Awareness About Health Risks of Caramel Intake
126.96.36.199 Demand for Organic Caramel Ingredients
188.8.131.52 Tapping the Markets in Emerging Economies
3.1.4 Porter's Five Forces Analysis
184.108.40.206 Bargaining Power of Suppliers
220.127.116.11 Bargaining Power of Buyers
18.104.22.168 Threat of New Entrants
22.214.171.124 Threat of Substitute Products and Services
126.96.36.199 Degree of Competition
4. Market Segmentation
4.1 By Type
4.2 By Form
4.3 By Application
4.3.4 Breakfast Cereals
4.4 By Geography
4.4.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
4.4.4 South America
220.127.116.11 South Africa
5. Competitive Landscape
5.1 Strategies Adopted by Key Players
5.2 Most Active Companies in the Past Five Years
5.3 Market Share Analysis
6. Company Profiles
6.1 Alvin Caramel Colours
6.2 Bakels Worldwide
6.3 Cargill Incorporated
6.4 DDW The Color House.
6.8 Kerry Group
6.9 Mars Inc.
6.10 Martin Braun KG
6.14 Puratos Group
6.15 Sensient Technologies Corporation
6.16 Sethness Caramel Color
6.17 Sunspray Food Ingredients (Pty) Ltd.