What are the historic and forecast market sizes for the Global Powdered Sugar Market?
The Powdered Sugar Market has experienced steady growth in recent years. In 2024, the market was valued at $6.07 billion and is projected to increase to $6.36 billion in 2025, representing a compound annual growth rate (CAGR) of 4.8%. This significant growth during the historic period can be attributed to the industrialization of food processing, consumer preference for convenience foods, advancements in sugar refining, and expansion of the confectionery market.
Similarly, the market is expected to continue its steady growth in the next few years. By 2029, the market is forecasted to reach $7.73 billion, boasting a CAGR of 5.0%. This growth forecast is based on the continued growth in the bakery sector, increased adoption of ready-to-eat foods, emergence of healthier sugar alternatives, expansion of the food and beverage industry, and innovations in branding. Furthermore, trends such as technological advancements in production, rise in home baking and cooking trends, and innovation in packaging and presentation are expected to drive the market growth during the forecast period.
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What are Key Growth Drivers for the Global Powdered Sugar Market?
The Powdered Sugar Market is experiencing growth due to the increasing demand for dairy food. Powdered sugar enhances the texture and flavor of dairy and bakery products, adding to their appeal for consumers. An example of this trend is found in a report published by Farm Credit East in March 2023. They highlighted steady consumer demand and limited supply growth as key factors influencing an expected rise in U.S. milk production. Demand for dairy food, coupled with the benefits of powdered sugar, are key drivers fueling the growth of the powdered sugar market.
What are the Major Segments within the Global Powdered Sugar Market?
* By Type: Conventional, Organic
* By Form: Extra Fine, Coarse-Grained, Decoration, Other Forms
* By Distribution Channel: Direct, Indirect
* By Application: Confectionary, Bakery, Dairy, Beverages, Other Applications
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Which Key Companies are Transforming the Global Powdered Sugar Market Landscape?
Major companies operating in the Powdered Sugar Market include Südzucker AG, Tate & Lyle Sugars, Cargill Incorporated, Nordic Sugar A/S, American Crystal Sugar Company, Domino Foods Inc., Taikoo Sugar Ltd., Wholesome Sweeteners Inc., Nanning Sugar Industry Co. Ltd., and Cofco International, among others.
What Emerging Trends are Impacting the Global Powdered Sugar Market?
Emerging trends in the Powdered Sugar Market center around technological innovations in product development. For instance, in March 2022, Cargill, a US-based food corporation, introduced the EverSweet + ClearFlo Stevia Platform. This innovative combination enhances flavor, dissolves more rapidly, and presents improved formulation stability. Companies are continually innovating to maintain their market positioning and leverage these technological advancements.
Where is Regional Growth Occurring in the Global Powdered Sugar Market?
In 2024, North America held the largest share of the market, while the fastest-growing region is expected to be Asia-Pacific. The market report covers the major regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does the Powdered Sugar Market Report 2025 Offer?
Powdered sugar is a fine powder derived from white sugar. Contrary to the sandy and coarse texture of granulated sugar, powdered sugar possesses a smooth, chalky sensation. The Powdered Sugar Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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