Caramel Industry Market, Get Market Research, Business Risk & Industry Analysis Reports 2027
Market Highlights The Global Caramel Industry 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 Caramel Industry 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