The Asia Pacific Powder Caramel market size was around USD 530 million in 2018. It is expected to grow at a CAGR of 8.5% to reach USD 800 million by 2023.
Caramel is prepared by heating different types of sugars and is offered in various forms such as solid, liquid, granular and powdered form.
Primary drivers for the growth of the powdered caramel market are its flavour and colorant eminence, as these days food and beverage manufacturers are more conscious towards offering innovative products with different taste and colour. Rising demand for products like chocolates, desserts, beverages, cakes, and several other confectionery products are increasing the demand for powdered caramel in food and beverage industry.
The prices of caramel ingredients have been rising tremendously in the last decade due to the steadily rising prices of ingredients used in caramel production. This raise in the prices of raw materials is anticipated to lead to a subsequent rise in the price of caramel ingredients, which in turn is likely to inhibit the market growth.
Powdered caramel market is segregated on two different basis viz.: by function and by application. By function, powdered caramel is segmented as flavours, colours, toppings and fillings. In food and beverage industry the demand of powdered caramel has grown as it is used for enhancing the taste and flavour of recipes. Powdered caramel is added to colour the drinks like smoothies, beer, shakes, and wines and as also used as colorant in several other food products. However, powdered caramel’s demand in Asia Pacific market is rising due to flavouring and filling ingredient as it has wide applications in bakery and confectionery products namely biscuits, chocolates, cakes, cookies, and several other products. By application, the market is categorized by bakery products, dairy products, confectionery products, beverages and others (sauces, snacks and canned food). Further the market is sub-segment on the basis of beverages into alcoholic and non-alcoholic beverages. Powdered caramel is mostly utilized in alcoholic beverages like beer, wines, and liqueurs and in non-alcoholic beverages it has application in carbonated drinks, tea, coffee, fruit drinks, smoothies, soft drinks etc. Bakery and confectionery segment has majority of share in Asia Pacific powdered caramel market.
By geography, the Asia Pacific Powder Caramel market has been categorized into India, China, Korea, Japan and others. The Asia-Pacific region is estimated to be the fastest-growing market during the aforementioned forecast period, with investments from major players in the emerging market, due to countries’ low-cost labour and lower raw material prices.
Major players in this market are: Alvin Caramel Colours (india) Private Ltd., San Soon Seng Food Industries sdn bhd., The John D. Walsh Company, Sethness Caramel Color, Sunspray Food Ingredients (Pty) Ltd, ASAHI GROUP FOODS, LTD. Inc., Secna Group, Best Flavors, Inc., Fruitofood, TSUKUBA DAIRY PRODUCTS CO.,LTD.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.5 Y-o-Y Growth Analysis, By Function
5.1.6 Market Attractiveness Analysis, By Function
5.1.7 Market Share Analysis, By Function
5.2.2 Confectionery Products
5.2.3 Bakery Products
5.2.4 Dairy Products
18.104.22.168 Canned Food
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Function
188.8.131.52 By Application
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Function
18.104.22.168 By Application
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Function
188.8.131.52 By Application
6.5 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Sethness Caramel Color
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Sunspray Food Ingredients (Pty) Ltd
8.3 ASAHI GROUP FOODS, LTD.
8.4 Alvin Caramel Colours (india) Private Ltd.
8.5 San Soon Seng Food Industries sdn bhd.
8.6 The John D. Walsh Company, Inc.
8.7 Secna Group
8.8 Best Flavors, Inc.
8.10 TSUKUBA DAIRY PRODUCTS CO.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures