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Caramel Ingredient Market to showcase significant growth via food and beverage products

Author : Ronak Bora | Published Date : 2019-04-10 

The qualitative research study introduced by Global Market Insights, Inc. on Caramel Ingredient Market Report provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the industry.

Global Caramel Ingredient Market size is likely to witness exponential growth during the forecast period. Caramel is a confectionery product used for flavoring, topping and filling in variety of foods and beverages. It is produced by heating sugar at pre-determined temperature. The product is available in several forms, types and employed over different range of food and beverage products.

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The caramel ingredient market is mainly driven by increasing demand for bakery and beverage products owing to the changing consumer preferences for food and lifestyle, which is expected to increase the product demand across the globe.

Growth in per capita income and increasing adoption of urban lifestyle are factors that are driving the food & beverage industry globally. This has come through inclining customer food habits towards ready-to-eat and frozen bakery products over conventional slow cook products. This trend in food & beverage industry is likely to boost the caramel ingredient market size over the forecast period.

Based on the form of product, caramel ingredient market is classified into solid, powder/granular and liquid. Amongst all, liquid caramel led the overall caramel ingredient market share in 2016 due to its intensive usage in beverage industry. The powder/granular segment is likely to witness prominent gains over the forecast period as powder caramel has a better shelf life and is extensively used in bakery and packaged food products.

North America was major consumer of the caramel ingredient market in 2016 while Asia Pacific is the fastest growing region for the caramel ingredient market. The heavy consumption of the product in North America is due to the increasing popularity of frozen and packaged food (especially, bakery products and desserts) among consumers.

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The prominent players operating in the caramel ingredient market share are Cargill Inc., Kerry Group PLC, Ferrero, DDW The Color House, Sensient Technologies Corporation, Göteborgsfood Budapest Limited and Sethness Caramel Color, Puratos Group, Nestle, Mars Inc., Metarom, Nigay, Bakels Worldwide and Martin Braun KG.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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