Caramel Color Market size was valued at US$ 523.03 Mn. in 2022 and the total revenue is expected to grow at 1.60% through 2023 to 2029, reaching nearly US$ 584.50 Mn.Caramel Color Market Overview:
Caramel colour, also known as caramel colouring, is a type of food colouring that is water-soluble. Caramelization is the process of heating carbohydrates (sugars) in the presence of acids, alkalis, or salts. It has a burnt sugar odour and a slightly bitter flavour, and it has been oxidised more thoroughly than caramel candy. Caramel Color available in a variety of colours, ranging from pale yellow to amber to dark brown. One of the oldest and most widely used food colourants for enhancing natural colours, correcting natural colour variations, and restoring colour loss due to light degradation during food preparation and storage is caramel colour. Caramel colour is one of the world's most widely used food colours. Colas, soy sauce, seasonings, breads, cereals, and other foods and beverages are commonly coloured with it.To know about the Research Methodology :- Request Free Sample Report Caramel colours are gaining global popularity as consumers increase their consumption of bread and confectionery items. This ingredient is also commonly found in beverages, where it can be found in liquids and powders in teas, lemonades, fruit drinks, colas, and beer, to name a few. Caramel colours have many applications, and both small and large businesses have been looking for ways to capitalise on current consumer and food trends in order to stay ahead of the competition.Caramel Color Market Segment Drivers:
As consumer interest in baked goods grows, so does the demand for caramel ingredients. Smaller and bite-sized packaging, as well as ease of preparation, add to the convenience of bakery items. Various baked goods, such as cream-filled biscuits and cakes, are made with organic caramel ingredients and colours, which not only improve the taste but also help to increase their overall appeal and sales. The world's major manufacturers of caramel ingredient and caramel colour products sell their products through an online platform. Manufacturers offer steep discounts on product sales, resulting in a profitable transaction for buyers. Furthermore, manufacturing companies are developing their own websites for sales or forming partnerships with e-commerce behemoths to sell their products. It is expected that in the future, all of the major players in the caramel ingredient and caramel colour industries will shift their services online in order to increase sales and reach more small and large scale businesses. Several bakery & confectionery shops, as well as 4- and 5-star hotel chains, serve premium food. Special icing, toppings, and decorations are among the key features that distinguish premium baked goods and, as a result, are key market growth drivers. This segment also attracts high-end consumers who are eager to spend money on specialty and decorative foods, fueling demand for caramel food colour.Caramel Color Market Segment Restraints:
The introduction of caramel substitutes has posed a threat to the market in recent years. Concerns about the negative effects of caramel components as a colouring agent have been a significant setback for the company in recent years. Caramel ingredient use has been exacerbated by a general shift in eating habits, with consumers increasingly preferring healthier, low-carb, and low-sugar meals. This is proving to be a stumbling block for many producers. Rising prices for caramel components and other raw materials will also limit industry growth. The rise in the cost of the raw materials used to make caramel powder raises the total cost of making caramel colours, which is likely to be a stumbling block in the global expansion of the caramel colour market.Caramel Color Market Segment Analysis:
The global Caramel Color market is segmented by type and application. On the basis of application, the Caramel Color market is divided bakery goods, soy sauces, beverage, soft drink, Candy and confectionary and other. Candy and confectionary applications are expected to remain important revenue generators, rising at a CAGR of more than 7% over the assessment period. Beverages are expected to grow at a 9.1 percent CAGR during the forecast period. The rise is attributed to the increased use of caramel food colours in alcoholic beverages and carbonates.Caramel Color Market Regional Insights:
Regionally the Caramel Color Market is segmented into North America, South America, Europe, Asia Pacific, Middle East & Africa. In North America, the United States is expected to account for 84.7 percent of the market in 2022. Caramel food colour is used in the production of chocolate, so the demand is attributed to the rising demand for chocolate in the United States. Brazil dominates the Latin American market with a 48.5 percent share. Demand for caramel food colour in the Brazilian beverage industry drives the market. Germany is expected to account for 23.1 percent of the overall market share in Europe in 2022. The food and beverage industry is Germany's fourth largest, and it is expected to drive demand for caramel food colours. The China market is expected to grow at a CAGR of 7.4 percent in the Asia Pacific region. The rise can be attributed to the increased use of caramel food colours in energy drinks. Energy drinks are becoming increasingly popular among China's younger generations, which will result in an increase in imports in the coming years. Energy drink sales in the country have skyrocketed. Furthermore, with a projected annual growth rate of 10% in 2022, China is one of the world's largest energy drink markets. Furthermore, the caramel food colours market in India is expected to be worth US$ 8,340.5 thousand in 2022. Currently, India is an important market for many companies looking to establish a strong beverage brand. The non-alcoholic beverage market in India is one of the fastest expanding segments, thanks to a number of macroeconomic variables.Caramel Color Market Competitive Landscape:
Because of the numerous applications of caramel food colour in various items such as drinks, dairy products, meat products, bakery & confectionary products, savoury items & snacks, and many others, the market is expected to grow steadily over the forecast period. The B2B segment is expected to grow in importance and will be critical in creating a favourable environment for growth. The Chr. Hansen Natural Colors announced the acquisition of the SECNA Natural Ingredients Group in April 2022 to expand its strong pigment portfolio. GNT Group announced the expansion of its yellow EXBERRY food colouring range for biscuits, custards, and other bakery items in August 2022. The objective of the Global Caramel Color market report is to present a comprehensive analysis of the Global Caramel Color market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the Global Caramel Color market report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Global Caramel Color market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The Global Caramel Color market report also helps in understanding the Caramel Color market dynamics, structure by analyzing the market segments and project the Caramel Color market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Caramel Color market make the report investor’s guide.Caramel Color Market Scope: Inquire before buying
Global Caramel Color Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 523.03 Mn Forecast Period 2023 to 2029 CAGR: 1.60% Market Size in 2029: US $ 584.50 Mn Segments Covered: by Type Class I Caramel Color Class II Caramel Color Class III Caramel Color Class IV Caramel Color by Application Bakery Goods Soy Sauces Beverage Soft Drink Candy and Confectionary Other Caramel Color Market, by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Caramel Color Market Key Players are:
1. AIPU Food Industry Co. Ltd. 2. Asahi Group Foods Ltd 3. DDW The Colour House 4. FELIX KOCH OFFENBACH Couleur und Karamel GmbH 5. Guangzhou Shuangqiao Co. Ltd 6. Ingredion Incorporated 7. KF Specialty Ingredients 8. Philippine Aminosan Corporation 9. Qianhe Food Industry Co., Ltd. 10.Best Flavors, Inc. 11.Tsukuba Dairy Products Co. Ltd. 12.Sunspray Food Ingredients (Pty) Ltd. 13.Alvin Caramel Colors Private Ltd. 14.San Soon Seng Food Industries sdn bhd 15.The John D. Walsh Company 16.Cargill India Limited 17.Sensient Technologies Corporation 18.Sethness Caramel Products Company 19.Nigay 20.Metarom 21.Mars Inc 22.Nestle 23.Puratos Group 24.Göteborgsfood Budapest Limited 25.Sethness Caramel Color 26.Sensient Technologies Corporation 27.DDW The Color House 28.Ferrero 29.Kerry Group PLC Frequently Asked Questions: 1. Which region has the largest share in Global Caramel Color Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Caramel Color Market? Ans: The Global Caramel Color Market is growing at a CAGR of 1.60% during forecasting period 2023-2029. 3. What is scope of the Global Caramel Color market report? Ans: Global Caramel Color Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What is the study period of this market? Ans: The Global Caramel Color Market is studied from 2022 to 2029.
1. Caramel Color Market: Research Methodology 2. Caramel Color Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Caramel Color Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Caramel Color Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Caramel Color Market Segmentation 4.1. Caramel Color Market, by Type (2022-2029) • Class I Caramel Color • Class II Caramel Color • Class III Caramel Color • Class IV Caramel Color 4.2. Caramel Color Market, by Application (2022-2029) • Bakery Goods • Soy Sauces • Beverage • Soft Drink • Candy and Confectionary • Other 5. North America Caramel Color Market (2022-2029) 5.1. North America Caramel Color Market, by Type (2022-2029) • Class I Caramel Color • Class II Caramel Color • Class III Caramel Color • Class IV Caramel Color 5.2. North America Caramel Color Market, by Application (2022-2029) • Bakery Goods • Soy Sauces • Beverage • Soft Drink • Candy and Confectionary • Other 5.3. North America Caramel Color Market, by Country (2022-2029) • US • Canada • Mexico 6. European Caramel Color Market (2022-2029) 6.1. European Caramel Color Market, by Type (2022-2029) 6.2. European Caramel Color Market, by Application (2022-2029) 6.3. European Caramel Color Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Caramel Color Market (2022-2029) 7.1. Asia Pacific Caramel Color Market, by Type (2022-2029) 7.2. Asia Pacific Caramel Color Market, by Application (2022-2029) 7.3. Asia Pacific Caramel Color Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Caramel Color Market (2022-2029) 8.1. Middle East and Africa Caramel Color Market, by Type (2022-2029) 8.2. Middle East and Africa Caramel Color Market, by Application (2022-2029) 8.3. Middle East and Africa Caramel Color Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Caramel Color Market (2022-2029) 9.1. South America Caramel Color Market, by Type (2022-2029) 9.2. South America Caramel Color Market, by Application (2022-2029) 9.3. South America Caramel Color Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. AIPU Food Industry Co. Ltd. 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Type Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Asahi Group Foods Ltd 10.3. DDW The Colour House 10.4. FELIX KOCH OFFENBACH Couleur und Karamel GmbH 10.5. Guangzhou Shuangqiao Co. Ltd 10.6. Ingredion Incorporated 10.7. KF Specialty Ingredients 10.8. Philippine Aminosan Corporation 10.9. Qianhe Food Industry Co., Ltd. 10.10. Best Flavors, Inc. 10.11. Tsukuba Dairy Products Co. Ltd. 10.12. Sunspray Food Ingredients (Pty) Ltd. 10.13. Alvin Caramel Colors Private Ltd. 10.14. San Soon Seng Food Industries sdn bhd 10.15. The John D. Walsh Company 10.16. Cargill India Limited 10.17. Sensient Technologies Corporation 10.18. Sethness Caramel Products Company 10.19. Nigay 10.20. Metarom 10.21. Mars Inc 10.22. Nestle 10.23. Puratos Group 10.24. Göteborgsfood Budapest Limited 10.25. Sethness Caramel Color 10.26. Sensient Technologies Corporation 10.27. DDW The Color House 10.28. Ferrero 10.29. Kerry Group PLC