Market Reports Hub recently released a global trends and market forecast for caramel ingredients.
The market is driven by factors such as increase in the demand for caramel in the confectionery industry owing to the ever-changing consumer's taste preferences. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players.
Toppings segment is projected to grow at the highest rate
Among the types of caramel ingredients, the topping segment is projected to grow at the highest rate in the global caramel ingredients market. Factors such as increasing trend of dining outside and the importance of food decoration have led to an increased demand for caramel topping.
Powder or granular segment is projected lead the market in terms of growth rate
Among the forms of caramel ingredients, the powder or granular segment is projected to grow at the highest rate in the global caramel ingredients market. Its longer shelf life and increased use in packaged food & beverage products have led to an increased demand for powder/granular form of caramels.