Issue NOVEMBER 2017

 

Cinnamon Caramel

Cinnamon CaramelSpicy, warm cinnamon is wrapped in deep, dark, creamy caramel to create this scrumptious fall flavor. This sweet brown flavor can be used in a variety of applications such as baked goods, hard candy, coffee, syrup, non-alcoholic and alcoholic beverages, as well as dairy and non-dairy products.

 

Cinnamon Heats Up

Cinnamon is an aromatic spice widely used in bakery products and is a key component of Pumpkin Spice, which is a dizzyingly popular fall flavor. It is also an important spice used in Asian flavors such as Chai and Five-Spice blends. In beverages, cinnamon is often used in tea. However, Sazerac’s Fireball Cinnamon Whiskey made cinnamon a wildly popular flavor in the whiskey market. According to IRI, in 2014 Fireball Cinnamon Whiskey reached $131 million and in the bar scene, according to IWSR, Fireball Cinnamon Whiskey achieved $863.5 million in sales. Cinnamon continues to be a well-liked flavor. According to World’s Top Exports, global sales from cinnamon exports by country amounted to $484 million in 2016. Technavio's analysts forecast the global cinnamon market to grow at a CAGR of 16.20% during the period 2017-2021.

Stuck On Caramel

According to Credence Research, Inc. the global caramel ingredients market was valued at U.S. $ 1.9 million in 2016 and is expected to reach U.S. $ 3.4 million by 2025, growing at a CAGR of 7.7% from 2017 to 2025. The market is heavily driven by confectionery and beverage use. Caramel comes in different applications such as candy, flavoring, coating and topping. Caramel hard candies date back to the 17th century. Caramel can vary in texture, but the two main ingredients are milk and sugar, which have been melted and browned. This beloved sweet has its own national food holiday celebrated annually on April 5.

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