The report “The caramel ingredients market” is expected to grow from USD 1.72 billion in 2015 to USD 2.65 billion by 2021, at a CAGR of 7.5% from 2016 to 2021
Caramel ingredients are used in various applications in the food & beverage industry: as a filling, topping, colorant & flavorant, inclusion, coating, and icing. In the food & beverage industry, they find applications in confectioneries, desserts, bakery products, carbonated beverages, and alcoholic beverages. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.
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Market Dynamics:
Drivers
Rising application in the confectionery & bakery and beverages industries
Growth in the convenience food industry
Restraints
Globally increasing prices of caramel ingredients
Opportunities
Increasing demand for clean label/ natural products
Challenges
Ill-health effects of caramel
The overall caramel ingredients market is expected to grow from USD 1.72 billion in 2015 to USD 2.65 billion by 2021, at a CAGR of 7.5%. The use of caramel ingredients in the food & beverage industry; with applications in the booming bakery, confectionery, and beverage industries are the key factors driving the growth of this market.
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