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Caramel Ingredients Market Trends

Report ID: GMI8384
Published Date: Mar 2024
Report Format: PDF

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Caramel ingredients Market Trends

The popularity of caramel ingredients is soaring, driven by the growing demand for rich flavors in sweets and baked goods. However, health-conscious consumers are steering towards natural and clean-label options, presenting a significant opportunity for the development of low-sugar and plant-based alternatives. With expanding application in beverages, savory snacks, and emerging markets, along with advancements in production methods, the market is expected to continue its upward trajectory, showcasing a promising future for both producers and consumers.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of caramel ingredients reached USD 3 billion in 2023 and is set to witness 7.4% CAGR from 2024 to 2032, attributed to rising consumer shift towards richer flavors and the overall expansion of the food & beverage sector.

Caramel colors market was valued at USD 1.3 billion in revenue in 2023, owing to their utility across industries like confectionery, bakery, beverages, and even savory snacks.

North America market size was USD 1.1 billion in 2023, driven by its booming food & beverage industry, known for its high consumption rates.

ADM (Archer Daniels Midland Company), Cargill Incorporated, Chr. Hansen Holding A/S, DuPont de Nemours, Inc., Firmenich SA, Ingredion Incorporated, Kerry Group plc, Koninklijke DSM N.V., Roquette Frères, Sensient Technologies Corporation, Südzucker AG are some of the major industry contenders.