Caramel Ingredients Market Size, Share & Trends Analysis Report By Form, By End Use (Bakery, Ice Cream & Desserts, Confectionery, Beverages), By Application (Coloring, Topping, Flavoring), And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Personal Care | Report Format: Electronic (PDF)

The global caramel ingredients market size is expected to reach USD 3.99 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.2% over the forecast period. Rising use of caramel in the food and beverages industry, particularly for bakery, confectionery, and beverage products, is the main factor driving the market. Changing consumer tastes, preferences, lifestyle, and incomes has played a key role in influencing F&B trends. Popularity of items such as salted caramel chocolates, caramel glazed muffins, and caramel lattes are driven by consumers and this poses as a lucrative opportunity for players.

On the basis of form, the market includes liquid, granular, and solid ingredients. Liquid ingredients held the largest share of just under 45.0% in 2018, fueled by extensive usage in the beverage industry for alcoholic and non-alcoholic drinks. Based on end use, the confectionery segment enjoys the dominant share and is expected to account for a share of over 35.0% by 2025. Widespread consumption of caramel chocolates and candy bars across the globe is a key factor driving segment growth. The beverages segment, on the other hand, is projected to register the fastest growth by the end of the forecast period, with most soda and cola companies using this ingredient in their products.

By application, the caramel ingredients market has been segmented into coloring, topping, flavoring, and others. While coloring emerged as the dominant segment in terms of revenue, the topping segment is anticipated to witness the strongest growth over the forecast period. An increasing number of bakeries, confectionery stores, and coffee shops have been using caramel drizzles and toppings on their menu items. For instance, McDonald's Canada released a new fall-themed beverage and muffin in August 2019. The Caramel Pumpkin Spice Latte is a play on the conventional autumn favorite and is topped off with a smooth caramel pumpkin spice syrup. What makes the Caramel Apple Oat Muffin a crowd-favorite is a crunchy caramelized glaze on top.

There are several key players operating in the market, such as Cargill, Inc.; Nestle S.A.; Mars Inc.; Kerry Group; Ferrero SpA; Sensient Technologies Corporation; Goetze's Candy Company, Inc.; Frito-Lay; DDW The Color House; Sethness-Roquette Caramel Color; Bakels Worldwide; Alvin Caramel Colours; and Metarom. Players have been investing in various expansion strategies in order to gain a larger customer base and to strengthen their foothold in the global market. For instance, in September 2018, Metarom rolled out its plans to capitalize on the strong growth in South East Asian markets, beginning with setting up a new sales unit in Malaysia. The company also plans to establish an independent factory close to Kuala Lumpur, which will include an R&D food tech lab and a flavor creation lab.

Further key findings from the report suggest:

• The global caramel ingredients market was valued at USD 2.5 billion in 2018 and is expected register a CAGR of 7.2% from 2019 to 2025

• Based on form, granulated ingredients are expected to witness the fastest growth over the forecast period due to widespread application in the food industry as a topping and flavoring agent

• By application, coloring generated the highest value of USD 953.5 million in 2018 owing to increased usage of caramelizing colors in products such as tea, lemonade, fruit-based beverages, and beer

• On the basis of end use, the confectionery industry accounted for the largest share of 36.1% in 2018 due to the application of caramel ingredients in chocolates and candies. On the other hand, the beverage sector is expected to register the highest CAGR of 7.7% over the forecast period

• The industry is highly competitive in nature with the main players being Cargill, Inc.; Nestle S.A.; Mars Inc.; Kerry Group; Ferrero SpA; Sensient Technologies Corporation; Goetze's Candy Company, Inc.; Frito-Lay; DDW The Color House; Sethness-Roquette Caramel Color; Bakels Worldwide; Alvin Caramel Colours; and Metarom.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Caramel Ingredients Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                            3.5.1.1. Supplier Power
                            3.5.1.2. Buyer Power
                            3.5.1.3. Substitution Threat
                            3.5.1.4. Threat from New Entrant
                            3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Caramel Ingredients Market
                    3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision
                    4.3. Consumer Form Adoption
                    4.4. Observations & Recommendations
Chapter 5. Caramel Ingredients Market: Form Estimates & Trend Analysis
                    5.1. Form Movement Analysis & Market Share, 2018 & 2025
                    5.2. Solid
                        5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Granulated
                        5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.4. Liquid
                        5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Caramel Ingredients Market: Application Estimates & Trend Analysis
                    6.1. Application Movement Analysis & Market Share, 2018 & 2025
                    6.2. Coloring
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Topping
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.4. Flavoring
                        6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.5. Others
                        6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Caramel Ingredients Market: End Use Estimates & Trend Analysis
                    7.1. End Use Movement Analysis & Market Share, 2018 & 2025
                    7.2. Bakery
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    7.3. Confectionery
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    7.4. Ice-Cream & Desserts
                        7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    7.5. Beverages
                        7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    7.6. Others
                        7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 8. Caramel Ingredients Market: Regional Estimates & Trend Analysis
                    8.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    8.2. North America
                        8.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.2.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                        8.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        8.2.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                        8.2.5. U.S.
                            8.2.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.2.5.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                            8.2.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                            8.2.5.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                    8.3. Europe
                        8.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.3.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                        8.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        8.3.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                        8.3.5. Switzerland
                            8.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.3.5.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                            8.3.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                            8.3.5.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                        8.3.6. Belgium
                            8.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.3.6.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                            8.3.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                            8.3.6.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                    8.4. Asia Pacific
                        8.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.4.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                        8.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        8.4.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                        8.4.5. China
                            8.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.4.5.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                            8.4.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                            8.4.5.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                        8.4.6. India
                            8.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.4.6.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                            8.4.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                            8.4.6.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                    8.5. Central & South America
                        8.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.5.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                        8.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        8.5.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                        8.5.5. Brazil
                            8.5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.5.5.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                            8.5.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                            8.5.5.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                    8.6. Middle East and Africa
                        8.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        8.6.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                        8.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                        8.6.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
                        8.6.5. South Africa
                            8.6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            8.6.5.2. Market estimates and forecast, by form, 2015 - 2025 (USD Million)
                            8.6.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
                            8.6.5.4. Market estimates and forecast, by end use, 2015 - 2025 (USD Million)
Chapter 9. Competitive Analysis
                    9.1. Key global players, recent developments & their impact on the industry
                    9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    9.3. Vendor Landscape
                        9.3.1. Key company market share analysis, 2018
Chapter 10. Company Profiles
                    10.1. Kerry Group
                        10.1.1. Company Overview
                        10.1.2. Financial Performance
                        10.1.3. Product Benchmarking
                        10.1.4. Strategic Initiatives
                    10.2. Cargill, Inc.
                        10.2.1. Company Overview
                        10.2.2. Financial Performance
                        10.2.3. Product Benchmarking
                        10.2.4. Strategic Initiatives
                    10.3. Sensient Technologies Corporation
                        10.3.1. Company Overview
                        10.3.2. Financial Performance
                        10.3.3. Product Benchmarking
                        10.3.4. Strategic Initiatives
                    10.4. Puratos Group
                        10.4.1. Company Overview
                        10.4.2. Financial Performance
                        10.4.3. Product Benchmarking
                        10.4.4. Strategic Initiatives
                    10.5. Sethness Caramel Color
                        10.5.1. Company Overview
                        10.5.2. Financial Performance
                        10.5.3. Product Benchmarking
                        10.5.4. Strategic Initiatives
                    10.6. Metarom
                        10.6.1. Company Overview
                        10.6.2. Financial Performance
                        10.6.3. Product Benchmarking
                        10.6.4. Strategic Initiatives
                    10.7. Nigay
                        10.7.1. Company Overview
                        10.7.2. Financial Performance
                        10.7.3. Product Benchmarking
                        10.7.4. Strategic Initiatives
                    10.8. Bakels Worldwide
                        10.8.1. Company Overview
                        10.8.2. Financial Performance
                        10.8.3. Product Benchmarking
                        10.8.4. Strategic Initiatives
                    10.9. Nestlé S.A.
                        10.9.1. Company Overview
                        10.9.2. Financial Performance
                        10.9.3. Product Benchmarking
                        10.9.4. Strategic Initiatives
                    10.10. Mondelez International Inc.
                        10.10.1. Company Overview
                        10.10.2. Financial Performance
                        10.10.3. Product Benchmarking
                        10.10.4. Strategic Initiatives

List of Tables

1. Caramel Ingredients - Key market driver analysis
2. Caramel Ingredients - Key market restraint analysis
3. Global solid caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
4. Global granulated caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
5. Global liquid caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
6. Global caramel ingredients market estimates and forecast, by coloring, 2015 - 2025 (USD Million)
7. Global caramel ingredients market estimates and forecast, by topping, 2015 - 2025 (USD Million)
8. Global caramel ingredients market estimates and forecast, by flavoring, 2015 - 2025 (USD Million)
9. Global caramel ingredients market estimates and forecast, for bakery, 2015 - 2025 (USD Million)
10. Global caramel ingredients market estimates and forecast, for confectionery, 2015 - 2025 (USD Million)
11. Global caramel ingredients market estimates and forecast, for beverages, 2015 - 2025 (USD Million)
12. Global caramel ingredients market estimates and forecast, for ice cream & desserts, 2015 - 2025 (USD Million)
13. Global caramel ingredients market estimates and forecast, for others, 2015 - 2025 (USD Million)
14. North America caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
15. North America caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
16. North America caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
17. North America caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
18. U.S. caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
19. U.S. caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
20. U.S. caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
21. U.S. caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
22. Europe caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
23. Europe caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
24. Europe caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
25. Europe caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
26. Switzerland caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
27. Switzerland caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
28. Switzerland caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
29. Switzerland caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
30. Belgium caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
31. Belgium caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
32. Belgium caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
33. Belgium caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
34. APAC caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
35. APAC caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
36. APAC caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
37. APAC caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
38. China caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
39. China caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
40. China caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
41. China caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
42. India caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
43. India caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
44. India caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
45. India caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
46. Central and South America caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
47. Central and South America caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
48. Central and South America caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
49. Central and South America caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
50. Brazil caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
51. Brazil caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
52. Brazil caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
53. Brazil caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
54. Middle East & Africa caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
55. Middle East & Africa caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
56. Middle East & Africa caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
57. Middle East & Africa caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
58. South Africa caramel ingredients market estimates and forecast, 2015 - 2025 (USD Million)
59. South Africa caramel ingredients market revenue estimates and forecast by form, 2015 - 2025 (USD Million)
60. South Africa caramel ingredients market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
61. South Africa caramel ingredients market revenue estimates and forecast by end use, 2015 - 2025 (USD Million)
62. Vendor landscape

List of Figures

1. Caramel Ingredients market snapshot
2. Caramel Ingredients market segmentation & scope
3. Caramel Ingredients market penetration & growth prospect mapping
4. Caramel Ingredients supply chain analysis
5. Caramel Ingredients market dynamics
6. Caramel Ingredients market Porter's analysis
7. Caramel Ingredients market: Form movement analysis
8. Caramel Ingredients market: Application movement analysis
9. Caramel Ingredients market: End use movement analysis
10. Caramel Ingredients market: Regional movement analysis