Hyderabad, India -- (SBWire) -- 02/16/2018 --The report " Caramel Ingredients Market By Type (Colors, Flavors, Fillings, Inclusions, Toppings, And Others), Application (Beverages (Non-Alcoholic, Alcoholic), Confectionary Products, Ice Creams & Desserts, Other Food Applications), Form (Liquid Caramel, Solid Caramel, Powder/granular Caramel), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", The key factors such as high disposable income, the rise in adoption of caramel and increased demand for frozen food products are driving the growth of this market.
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By type, the toppings segment accounted for the largest share of the market in 2016
On the basis of type, the Caramel Ingredients market has been segmented into Colors, Flavors, Fillings, Inclusions, Toppings, and Others. In 2016, the toppings segment accounted for the largest share of the global Caramel Ingredients market. The growth in this segment is mainly due to rising culture of dining outside or in restaurants and rise in demand for food decorations.
By application, the confectionary products accounted for the largest share of the market in 2016
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On the basis of technology, the Caramel Ingredients market has been segmented into Beverages (Non-Alcoholic, Alcoholic), Confectionary Products, Ice Creams & Desserts, Other Food Applications. In 2016, the confectionary products accounted for the largest share of the global Caramel Ingredients market. This is due to often change in consumer preferences in confectionary & bakery products.
By form, the Powder/granular Caramel segment accounted for the largest share of the market in 2016
On the basis of form, the Caramel Ingredients market has been segmented into Liquid Caramel, Solid Caramel, Powder/granular Caramel. In 2016, the Powder/granular Caramel segment is expected to account for the largest share of the global Caramel Ingredients market and is expected to continue the growth in the near future.
Asia – Pacific dominated the market in 2016
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Asia – Pacific accounted for the largest share of the Caramel Ingredients market in 2016 and also expected to be the fastest growing caramel ingredients market due to the presence of high disposable incomes individuals with rising population.
The various players in the Caramel Ingredients market include Kerry Group, Sensient Technologies Corporation, Cargill, Incorporated., and Sethness Caramel Color, Puratos Group, Nigay, DDW The Colour House, Göteborgsfood Budapest ZRT, Metarom, Martin Braun KG and Bakels Worldwide.
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