What is Powdered Caramel Market?
The powdered caramel is the mixture of sugar, water, oil and salt which is brought up to an amber caramelization temperature of 345-degree Fahrenheit on the Candy Temperature Chart. It is used as a flavoring in puddings and desserts, as a filling in bonbons, or as a topping for ice cream and custard. Hence, these wide range of applications and its popularity is increasing the usage across the world which is increasing the market growth.
Highlights from Powdered Caramel Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Europe |
Unit | Value (USD Million) |
Key Companies Profiled | Sunspray Food Ingredients (Pty) Ltd (South Africa), Asahi Group Foods, Ltd. (Japan), Alvin Caramel Colours (india) Private Ltd. (India), San Soon Seng Food Industries sdn bhd. (Malaysia), The John D. Walsh Company, Inc. (United States), Secna Group (Spain), Best Flavors, Inc. (United States), Fruitofood (France), Tsukuba Dairy Products Co., Ltd. (Japan) and Sethness Caramel Color (United States) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Powdered Caramel market throughout the forecasted period.
Sunspray Food Ingredients (Pty) Ltd (South Africa), Asahi Group Foods, Ltd. (Japan), Alvin Caramel Colours (india) Private Ltd. (India), San Soon Seng Food Industries sdn bhd. (Malaysia), The John D. Walsh Company, Inc. (United States), Secna Group (Spain), Best Flavors, Inc. (United States), Fruitofood (France), Tsukuba Dairy Products Co., Ltd. (Japan) and Sethness Caramel Color (United States) are some of the key players profiled in the study. Powdered Caramel Market Segmentation:
Scope | Sub-Segments |
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Applications | Confectionery products,Bakery products,Dairy products,Beverages,Others |
Distribution channel | Online,Offline |
Function | Colours,Flavors,Toppings,Fillings |
On the basis of geography, the market of Powdered Caramel 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). North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Applications in Confectionery, and Beverage Industry
- Growing Demand in Convenience Food
Market Trend
- Inclination of Consumers Towards the Packaged Foods
Restraints
- Rising Prices of Caramel Ingredients
Opportunities
- Increasing Disposable Income
- Increasing Popularity of Caramel is Boosting the Market
Challenges
- High Consumption May Affect the Health
Market Leaders & Development Strategies
In May 2021, Oterra announced that it had acquired SECNA Natural Ingredients Group S.L., which one of the major producers of colour from caramelized sugar. The integration of SECNA into its portfolio, Oterra has added a full range of caramel products.
On 12th January 2022, Oterra, the world's leading provider of natural colours, has announced the expansion of its caramel range. This expanded product offering is expected to add to Oterra's impressive portfolio of natural-source colours.
It is provided, however, that any person or food business operator carrying on food business on the date of notification of these Regulations under a licence, registration, or permission, as the case may be, under the Acts or Orders mentioned in the Second Schedule of the Act shall have their existing licence converted into the license/registration under these Regulations following an application made by the food business operator to the Licensing/Registering Authority within one year of the date of notification of these Regulations. There will be no licence fee to pay for the remainder of the validity period of the previous licence or registration granted under any of the aforementioned Acts or Orders. A food business operator who fails to comply with this provision will face a penalty under Section 55 of the Act.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others