About Caramel Ingredient for Cake
Caramel is a candy that is made by heating sugar to 340 degrees Fahrenheit (170 degrees Celsius). When sugar is slowly heated to this temperature, the molecules break down and form new compounds with a deep, rich flavor and a dark golden brown color. This is known as "caramelization," and it can be accomplished with any type of sugar. Caramel sauce and soft caramel candy, such as milk caramels, can be made by combining caramel with cream and other ingredients. Golden brown cake layers, crisp cookie edges, and the miraculous sauce that pools over sticky toffee pudding.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Because of rising consumer indulgence in bakery and confectionery products, caramel ingredients are gaining global acceptance. To stay ahead of the competition, businesses of all sizes have been looking for ways to capitalize on ongoing consumer and food trends. Product innovation, appealing packaging solutions, marketing and promotion investments, collaborations with product manufacturers in other application segments, and capacity expansion in newer markets are some of the market players' growth strategies. Analyst at AMA Research estimates that United States & Europian Vendors will contribute the maximum growth to Global Caramel Ingredient for Cake market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Incorporated (United States), Sensient Technologies Corporation (United States), Kerry Inc. (Ireland), Oterra (Denmark), Puratos Group (Belgium), Sethness Caramel Color (United States), Bakels Group (Switzerland), Nigay (France), DDW the Color House (United States), Martin Braun KG (Germany) and Alvin Caramel Colours Private Ltd (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Caramel Ingredient for Cake market by Type (Caramel Frosting and Caramel Topping), Application (Household and Bakery) and Region.
On the basis of geography, the market of Caramel Ingredient for Cake has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder or Granular will boost the Caramel Ingredient for Cake market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Caramel Ingredient for Cake market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth in the Convenience Food Industry
Market Growth Drivers:
Rising Application in the Confectionery & Bakery and Beverages Industries
Challenges:
Globally Increasing Prices of Caramel Ingredients
Restraints:
Ill-Health Effects of Caramel
Opportunities:
Increasing Demand for Clean Label Natural Products
Market Leaders and their expansionary development strategies
In May 2021 Oterra announced its’ acquisition of SECNA Natural Ingredients Group S.L., which was one of the largest producers of color from caramelized sugar. Following the integration of SECNA into its portfolio, Oterra has added a full range of caramel products.
In January 2022 Oterra, the largest provider of natural colors in the world, announces the launch of its extended caramel range. This enhanced product offering further bolsters Oterra’s impressive portfolio of colors from natural sources. Oterra’s caramel range covers caramelized sugar, all four classes of caramel colors, and is available in liquid and powder forms. The extended range, available in an assortment of strengths, makes it ideal for use in a wide range of applications, including beverage, dairy, bakery, and confectionery, amongst others. All products are fully certified and accredited, including Non-GMO, Halal and Kosher, as well as Low 4-MEI options.
Regulation (EC) No 1333/2008 of the European Parliament and of the Council, A food additive may be included in the [F1domestic] list in Annex II for the functional class of sweetener only if, in addition to serving one or more of the purposes set out in Article 6(2), it serves one or more of the following purposes:, (a)replacing sugars for the production of energy-reduced food, non-cariogenic food or food with no added sugars; or, (b)replacing sugars where this permits an increase in the shelf-life of the food; or and (c)producing food intended for particular nutritional uses as defined in Article 1(2)(a) of Directive 89/398/EEC.
Key Target Audience
Cake shops, Home bakery, New Entrants and Investors, Legalized Cannabis Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.