Vegan Caramel Market Regional Analysis, Key Players, Opportunities and Forecast to 2027

Posted May 24, 2021 by Vaibhavwa_mrfr21

MarketResearchFuture Presents “Vegan Caramel Market Research Report –Global Forecast to 2027” New Document to its Studies Database
Market Highlights

The Global Vegan Caramel Market is Estimated to be valued at USD 2,940.9 Million by 2025 and is Expected to Register a CAGR of 5.6% During the Forecast Period.

The colors segment dominated the global Vegan Caramel Market, by function, in 2017 and is projected to register a CAGR of 5.5% during the forecast period. The dominance of the segment can be attributed to the widespread consumption of caramel as a color ingredient in several non-alcoholic and alcoholic beverages, bakery products, confectioneries, frozen desserts, and sauces, among others. Caramel color is used globally in almost all food products; however, there are certain regulations imposed on the amount of caramel that can be used in food, which vary from country to country.

Asia-Pacific dominated the market, accounting for the largest revenue share in 2017. The regional market is expected to register the highest CAGR of 5.9% during the review period. North America was the second-largest market in 2017 owing to the growth of the food & beverage industry in the region.

Key Players:
Market Research Future (MRFR) recognizes Cargill, Incorporated (US), Kerry Group PLC (Ireland), Bakels Worldwide (Switzerland), Barry Callebaut AG (Switzerland), Nigay SAS (France), Sethness Products Company (US), Metarom Group (France), Puratos NV/SA (Belgium), Göteborgsfood Budapest Ltd (Hungary) and Martin Braun Backmittel and Essences KG (Germany) as the key players in the global Vegan Caramel Market.

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Segment Analysis:

The global Vegan Caramel Market has been segmented on the basis of function, form, application, and region.

On the basis of function, the market has been divided into colors, flavors, toppings, fillings, and others. The colors segment accounted for the majority market share in 2017. However, the toppings segment is projected to be the fastest-growing, followed by the flavors segment.

On the basis of form, the market has been divided into solid & semi-solid and liquid. The liquid segment accounted for the larger market share in 2017. However, the solid & semi-solid segment is expected to exhibit a higher growth rate during the forecast period owing to the ease and low cost of packaging, storage, and transportation.

By application, the market has been classified as bakery & confectionery, beverages, dairy & frozen desserts, snacks, and others. The bakery & confectionary segment gained the largest market share in 2017; however, the snacks segment is projected to register the highest growth rate during the forecast period.

Regional Analysis

Geographically, the global Vegan Caramel Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Asia-Pacific was the largest market for caramel in 2017 and is expected to remain dominant during the forecast period. North America accounted for a prominent market share and is projected to be the second-largest market during the forecast period. Europe also emerged as a significant contributor to the global market growth owing to lucrative opportunities in major European markets such as Germany, France, the UK, and the Netherlands.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Country India
Categories Business , Food
Tags vegan caramel market
Last Updated May 24, 2021