Caramel color Market size, share, Growth analysis
The world caramel market is estimated to register a CAGR of xx% to reach USD xx million by 2023.
Caramel color Market Overview:
Caramel is a confectionery product obtained by heating sugar. It has a medium to dark orange color and is employed as a flavor, topping, color, decoration, and glazing agent in different food & beverage applications like bakery and confectionery, beverages, snacks, dairy and frozen desserts, and pet food.
Caramel color Market drivers and restraints:
Market growth is driven by the growth of the application markets. Furthermore, the functional diversity of caramel is also boosting market growth. However, the rising awareness regarding the ill-effects of excessive consumption of caramel is hindering market growth. The growth of the global caramel market is driven by the expanding application industries and the functional diversity of caramel. Nevertheless, the rising awareness regarding the ill-effects of consuming caramel in excess is hampering market growth. The increasing demand for natural and organic products offers market players lucrative opportunities for growth.
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Report segmented as:
By type:
• Class 1
• Class 2
• Class 3
• Class 4
By application:
• Bakery goods
• Soy sauce & seasonings
• Alcoholic beverages
• Soft drinks
• others
Geographical analysis of Caramel color Market:
Asia-Pacific accounted for the biggest market share of 34.07% in 2017 and the regional market is expected to register the highest CAGR of 5.9% during the forecast period. China is among the key markets in the region, accounting for the biggest revenue share during the review period. However, the Indian caramel market is estimated to exhibit the highest growth rate during the forecast period of 2018 to 2025. North America is also expected to garner a significant revenue share of the global caramel market. The increasing demand for natural ingredients over synthetic ingredients in various food & beverage products is fueling the regional market growth.
Important key players of Caramel color Market:
The important players in the global caramel market are Cargill, Incorporated (US), Kerry Group PLC (Ireland), Bakels Worldwide (Switzerland), Barry Callebaut AG (Switzerland), Nigay SAS (France), Sethness Products Company (US), Metarom Group (France), Puratos NV/SA (Belgium), Göteborgsfood Budapest Ltd (Hungary), and Martin Braun Backmittel and Essences KG (Germany).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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