Market Highlights
The Global Caramel Market is Estimated to be valued at USD 2,940.9 Million by 2025 and is Expected to Register a CAGR of 5.6% During the Forecast Period.
The colors segment dominated the global caramel market, by function, in 2017 and is projected to register a CAGR of 5.5% during the forecast period. The dominance of the segment can be attributed to the widespread consumption of caramel as a color ingredient in several non-alcoholic and alcoholic beverages, bakery products, confectioneries, frozen desserts, and sauces, among others. Caramel color is used globally in almost all food products; however, there are certain regulations imposed on the amount of caramel that can be used in food, which vary from country to country.
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Asia-Pacific dominated the market, accounting for the largest revenue share in 2017. The regional market is expected to register the highest CAGR of 5.9% during the review period. North America was the second-largest market in 2017 owing to the growth of the food & beverage industry in the region.
Segment Analysis
The global caramel market has been segmented on the basis of function, form, application, and region.
On the basis of function, the market has been divided into colors, flavors, toppings, fillings, and others. The colors segment accounted for the majority market share in 2017. However, the toppings segment is projected to be the fastest-growing, followed by the flavors segment.
On the basis of form, the market has been divided into solid & semi-solid and liquid. The liquid segment accounted for the larger market share in 2017. However, the solid & semi-solid segment is expected to exhibit a higher growth rate during the forecast period owing to the ease and low cost of packaging, storage, and transportation.
By application, the market has been classified as bakery & confectionery, beverages, dairy & frozen desserts, snacks, and others. The bakery & confectionary segment gained the largest market share in 2017; however, the snacks segment is projected to register the highest growth rate during the forecast period.
Key Players
Market Research Future (MRFR) recognizes 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) as the key players in the global caramel market.
Regional Analysis
Geographically, the global caramel market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Asia-Pacific was the largest market for caramel in 2017 and is expected to remain dominant during the forecast period. North America accounted for a prominent market share and is projected to be the second-largest market during the forecast period. Europe also emerged as a significant contributor to the global market growth owing to lucrative opportunities in major European markets such as Germany, France, the UK, and the Netherlands.
Key Findings of the Study:
- The global caramel market is projected to reach USD 2,940.9 Million by 2025 at a 6% CAGR during the review period of 2018 to 2025.
- Asia-Pacific accounted for the largest market share with China being the major contributor to the growth of the market.
- The toppings segment is projected to register the highest CAGR of 5.8% during the forecast period owing to the increasing consumption of caramel in the form of a sauce or syrup, mainly as a topping in frozen desserts and confectionery.
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Market HighlightsMacadamia nuts, also known as Queensland nuts, bopple nuts, bauple nuts, and Australian nuts, belong to the proteaceae family.
The global macadamia nuts market has been segmented based on type, category, and application.Based on type, the global macadamia nuts market has been segmented into whole, halves, whole and half blends, chips, and others.
The segment is also expected to register the highest growth rate owing to the increasing awareness about the versatility of macadamias in the food & beverage and personal care industries.
The conventional segment is expected to be the larger market owing to the easy availability and lower prices of conventional macadamia nuts as compared to organically grown nuts.
There has been a significant increase in demand for macadamia nuts in haircare products as they make the texture of hair softer and moisturize the scalp.
Macadamia nuts are also enriched with vitamins such as thiamine (B1), riboflavin (B2), retinol (A1), and niacin (B3), which help in maintaining skin health.
The global frozen snacks market size is projected to register a growth rate of 3.73% from 2019 to 2024 to reach a market value of USD 129 Billion by the end of 2024.
However, fluctuating storage temperatures leading to physical changes, such as moisture loss, emulsion destabilization, and recrystallization of sugars and ice in frozen desserts may hinder market growth during the forecast period.The global frozen snacks market has been segmented based on product type, distribution channel, and region.Based on product type, the global frozen snacks market has been segmented into vegetables and fruits; meat, poultry, and seafood; bakery products; meat substitutes; frozen desserts and confectionery; and others.
The consumption of poultry and seafood is high the world owing to their protein content.
The store-based segment has been further divided into supermarkets and hypermarkets, convenience stores, and others.
Technological advancements in the e-commerce industry have enabled the maintenance of temperature of frozen snacks; this, along with the growing consumer preference for online retailing are fueling the growth of the segment.Key PlayersSome of the key players in the global frozen snacks market are The Kraft Heinz Company (US), Nestle S.A. (Switzerland), ConAgra Foods, Inc. (US), Flowers Foods (US), BRF S.A. (Brazil), General Mills (US), Home Market Foods, Inc. (US), Unilever plc (UK), JBS S.A. (Brazil), Maple Leaf Foods Inc. (Canada), Tyson Foods Inc. (US), Mother Dairy Fruit and Vegetable Pvt.
Ltd (India), Ajinomoto Co. Inc. (Japan), Europastry, S.A. (Spain), and McCain Foods Limited (Canada).Regional AnalysisThe global frozen snacks market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.The European frozen snacks market is expected to dominate during the forecast period due to the widespread adoption of healthy eating habits and demand for convenience foods in the region.
Increasing number of food and beverages manufacturers are using protein-based, carbohydrate-based, and lipid-based fat replacers.
Moreover, manufacturers in the food replacer market are formulating a new variety of fat replacer ingredients by using advanced technologies.Request for a Free Sample Report - https://www.factmr.com/connectus/sample?flag=S_id=1514Fat replacers are finding large application in the production of cookies, salad dressings, frozen desserts, low-fat cheese, chips, and ice-creams.
Manufacturers are developing new products in fat-based fat replacers.
These products are likely to use a combination of fat and oil and find large application in products including chips, baked goods, and snack foods.
The increasing demand for fat-free dairy products offering flavor and taste similar to the traditional dairy products is resulting in new fat replacer development.Production of the high quality of milk fat replacers made using specific vegetable fat blends is growing.
These fat replacers used in a wide range of dairy products including cheese, butter, and whipping cream are extremely cost-effective, resulting in high adoption in developing regions.Low-fat dairy beverages are also gaining traction across the globe with the introduction of new flavors and rise in health consciousness among consumers owing to increasing instances of obesity.Studies Claiming Health Benefits of Full-Fat Dairy Products to Impact Fat Replacers GrowthVarious global studies have found that consuming full-fat dairy can lead to a lower rate of cardiovascular diseases compared to the consumption of low-fat dairy products.
Market ForecastMarket Research Future’s newest report on the global flavored syrups market predicts consistent growth for the market.
Consumer demand for flavored syrup has grown considerably due to innovative food and beverage trends that use novel flavors in their products.
For instance, Starbucks often has innovative flavored drinks such as pumpkin spice and Irish cream that inspire consumers and result in demand for the same.Available both naturally and artificially flavored, these syrups are in high demand due to their concentrated flavor and flexibility of use.
They can be added to bakery products, beverages, frozen desserts, and others.
Used extensively to make flavored lattes, cakes, and toppings for waffles and pancakes, the demand for popular flavors and classic flavors has grown exponentially due to the growing demand for the above-mentioned food items.
Flavored syrups markets are also used in cocktails, packed juices, and novel home carbonation machines so that consumers can create their own sodas.
