Global Powdered Sugar Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Powdered Sugar Market” is a report title recently produced by MarketResearch.biz, after a thorough analysis and study. The global powdered sugar market report has been segmented on the basis of product, application, and region. In the report, various inputs and data and information, which are verified by experts from the industry, are included.
Powdered sugar is used as an ingredient in making confectionary and different bakery items. Powdered sugar changes the taste and forms of bakery and confectionary items. Sugar and starch are mixed to produce powdered sugar. Apart from starch and sugar, powdered sugar has another ingredient, which is an anti-caking agent. Anti-caking agent is very important in powdered sugar especially for the foodservice providers’ intricate designs. As powdered sugar is used to give texture to various confectionery and bakery items, it is available in different types, which depends upon the application of the powdered sugar. Powdered sugar should be used in a short period of time as there is a high possibility of powdered sugar getting caked even at the presence of anti-caking agent. According to the type of powdered sugar manufactured, the source of starch varies. But, cane sugar is the main source in all the powdered sugar. Powdered sugar is preferred by almost all the known bakers around the globe. The product is known in different names in different regions. Icing sugar is the name of powdered sugar in England and Canada. Powdered sugar is also known in other names, confectioners’ sugar. Owing to natural inbuilt qualities of powdered sugar that helps to dissolve better, powdered sugar is widely used in making cookies.
The major factors driving growth of the global powdered sugar market are growing consumption of bakery and confectionery food items among consumers. Various applications are there for powdered sugar in making bakery items such as pound cakes, brownies, cookies, muffins, and donuts. Powdered sugar is also widely used as an anti-caking agent as it helps to obtain fine texture and structure and maintains the viscosity in food products. Moreover, the product is used in preparing frosting and icing for desserts, fruit-flavored sweets, and baked items. All these multiple usages of powdered sugar are expected to drive demand for the product in the global market over the forecast period. In addition, various innovation in packaging confectionaries and chocolates is expected to further drive demand for the product in the global powdered sugar market over the forecast period. Increasing consumer awareness about various adverse health effects of high consumption of sugar, including high risk of increased cholesterol and diabetes and, is projected to hamper growth of the market. Due to this issue, manufacturers are focusing on producing various natural and organic sugar with more energy and less fat, which is also expected to have negative. However, various innovations and ongoing research and development programs are expected drive demand for the product in the global market over the forecast period.
Global Powdered Sugar Market Segment Analysis:
By Product: Among the various product segments, the conventional segment is projected to account for highest revenue share in the market as compared to the other type segment over the forecast period. This growth is attributed to low price and easy production process as it is made of sugar beets and sugar cane.
By Application: Among the application segments, the bakery segment currently dominates the market in terms of revenue share, and the dominance is projected to continue over the forecast period. The dominance is attributed to high product demand in making various bakery items such as pastries, cakes, pies, cookies, and muffins.
Global Powdered Sugar Market Regional Analysis:
The North America market for powdered sugar is projected to account for highest revenue share over the forecast period and it is attributed to increasing consumption of bakery and dairy items among the consumers in the region.
Global Powdered Sugar Market Segmentation:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Südzucker United Kingdom Ltd.
- Tate & Lyle Sugars
- Cargill, Inc.
- Imperial Sugar
- Nordic Sugar A/S
- American Crystal Sugar Company
- Domino Foods, Inc.
- Taikoo Sugar Ltd.
- Wholesome Sweeteners, Inc.
- Nanning Sugar Industry Co. Ltd.
- COFCO International
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