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
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Product (Conventional, Organic), Application (Bakery, Confectionery, Dairy, Beverages, Others), Type (Colors, Flavors, Toppings, Fillings),
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),
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
- 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.
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.
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.
- 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.
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),