Food & Beverage

Image

Global Powdered Sugar Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Powdered Sugar Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 1.65 Billion
Diagram Market Size (Forecast Year) USD 2.86 Billion
Diagram CAGR %

Global Powdered Sugar Market, By Product (Conventional, Organic), Application (Bakery, Confectionery, Dairy, Beverages, Others), Type (Colors, Flavors, Toppings, Fillings) – Industry Trends and Forecast to 2029.

Powdered Sugar Market Analysis and Size

Advances in powdered sugar production and processing technology have resulted in expanded application areas in recent years. Several factors, such as shelf stability, moisture content, freeze/thaw stability, and thermal stability, among others, preclude the use of powdered sugar in specialised applications.

Data Bridge Market Research analyses that the powdered sugar market which was growing at a value of USD 1.65 billion in 2021 is expected to reach the value of USD 2.86 billion by 2029, at a CAGR of 7.10% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Powdered Sugar Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product (Conventional, Organic), Application (Bakery, Confectionery, Dairy, Beverages, Others), Type (Colors, Flavors, Toppings, Fillings),

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Barry Callebaut (Switzerland), Olam International (Singapore), The Hershey Company (U.S.), Mars, Incorporated (U.S.), Ingredion Incorporated (U.S.), DSM (Netherlands), Kerry Group plc (Ireland), and Tate & Lyle PLC (U.K.), Nestle SA (Switzerland), Cargill, Incorporated (U.S.), Blommer Chocolate Company (U.S.), Foley's Candies LP (Canada), Puratos Group Nv (Belgium), Ferrero International S.A. (Italy),

Opportunities

  • The ease of payment for products through online channels
  • growing adoption in the formulation of a wide variety of beverages
  • Wide range of sugar flavours and textures

Market Definition

Powdered sugar is a finely ground sugar made by milling granulated sugar into powder form. It is also known as confectioners' sugar or icing sugar. To absorb moisture, prevent clumping, and improve flow, it typically contains 2% to 5% anti-caking agent, such as corn starch, potato starch, or tricalcium phosphate. Although powdered sugar is typically made in a factory, it is possible to make a substitute by grinding ordinary granulated sugar in a coffee grinder or crushing it by hand in a mortar and pestle.

Powdered Sugar Market Dynamics

Drivers

  • Rising expansion of retail channel for distribution of products

Advances in online retail are one of the key trends driving the evolution of the powdered sugar market. Convenience stores, specialty stores, supermarkets, drug stores, and hypermarkets are all important product distribution channels. Retailers and manufacturers' ongoing efforts to expand their supply and distribution chains have played an important role in increasing access to products in the powdered sugar market.

  • Diversification of products according to the needs

A major driving force in the powdered sugar market is the constant desire to try new ethnic flavours and tastes. The sugar industry has shifted its focus over time to produce healthier products. This trend is being driven by a growing health-conscious population, particularly in emerging economies. Advances in organised retail in developing regions have fueled the evolution of the powdered sugar market.

Opportunity

The ease of paying for products via online channels, as well as the variety of sugar flavours and textures, are important factors driving the popularity of e-commerce in the powdered sugar market. Furthermore, powdered sugar is increasingly being used in the formulation of a wide range of beverages and confectionery products, including cakes, milkshakes, croissants, and hot sugar, which is contributing to the growth of the global powdered sugar market.

Restraints

The powdered sugar market is expected to be hampered by a lack of raw material supply and price fluctuations. Several regulatory agencies, including the Food and Drug Administration, the European Food Safety Authority, and the European Union, strictly regulate food powdered sugar. Food inclusions' scarcity is also expected to impede market growth during the forecast period.

This powdered sugar market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the powdered sugar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Powdered Sugar Market

The COVID-19 outbreak has had a significant impact on the powdered sugar market. The strict rules and lockdown implemented throughout 2020 have had an impact on the powdered sugar industry, causing differential impacts on raw material supply (agricultural produce, food ingredients, and intermediate food products), trade & logistics, demand-supply volatility, uncertain consumer demand, and affecting the workforce at the industrial level. One of the major factors affecting the powdered sugar industry during the lockdown was a drop in sales as a result of decreased gifting and impulse buying among consumers worldwide.

Recent Development

  • To commemorate All Women and Girls Month in February 2022, Hershey's created a sugar bar. The "Celebrate SHE" bars are limited in quantity. The brand highlighted SHE in the centre of the milk sugar bar.
  • In January 2022, Cadbury, a Mondelez International brand, introduced the Twist Wrap packaging solution for its Duos range, allowing consumers to snack in small portions by twisting and sealing the package after consuming half of the sugar bar.
  • In September 2021, Ferrero will pre-launch the new Ferrero Rocher Tablets in the travel-retail channel in collaboration with Lagardère. The new product from Ferrero enters the sugar tablet market in three flavours: milk, dark 55 percent cocoa, and white.

Global Powdered Sugar Market Scope                                                                  

The powdered sugar market is segmented on the basis of product, application, and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product  

  • Conventional
  • Organic

Type

Application

  • Bakery
  • Confectionery
  • Dairy
  • Beverages
  • Others

Powdered Sugar Market Regional Analysis/Insights

The powdered sugar market is analysed and market size insights and trends are provided by country, product, application, and type as referenced above.

The countries covered in the powdered sugar market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the powdered sugar market due to rising demand for dairy and bakery products.

Asia-Pacific is expected to grow during the forecast period of 2022 to 2029 due to the prevalence of sugar producing manufacturers and rising consumption of dairy products.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Powdered Sugar Market Share Analysis

The powdered sugar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to powdered sugar market.

Some of the major players operating in the powdered sugar market are:

  • Barry Callebaut (Switzerland)
  • Olam International (Singapore)
  • The Hershey Company (U.S.)
  • Nestle SA (U.S.)
  • Ingredion Incorporated (U.S.)
  • Mars, Incorporated (U.S.)
  • DSM (Netherlands)
  • Kerry Group plc (Ireland)
  • Tate & Lyle PLC (U.K.)
  • Cargill, Incorporated (U.S.)
  • Blommer Chocolate Company (U.S.)
  • Foley's Candies LP (Canada)
  • Puratos Group Nv (Belgium)
  • Ferrero International S.A. (Italy),


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Powdered Sugar Market value is expected USD 2.86 billion by 2029.
The Powdered Sugar Market is expected to grow at a rate of market is 7.10% during the forecast period of 2022 to 2029.
On the basis of product, the Powdered Sugar Market is segmented into Conventional, & Organic.
On the basis of application, the Powdered Sugar Market is segmented into Bakery, Confectionery, Dairy, Beverages, Others.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials