Overview and Scope
Powdered sugar refers to a fine powder made from white sugar that has been crushed into granules. This sugar has a fine texture and has a chalky sensation, in contrast to the sandy and coarse texture of granulated sugar.
Sizing and Forecast
The powdered sugar market size has grown steadily in recent years. It will grow from $5.79 billion in 2023 to $6.07 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to industrialization of food processing, consumer preference for convenience foods, advancements in sugar refining, expansion of the confectionery market.
The powdered sugar market size is expected to see steady growth in the next few years. It will grow to $7.36 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to continued growth in bakery sector, increased adoption of ready-to-eat foods, healthier variants and sugar alternatives, expansion of food and beverage industry, innovations in branding. Major trends in the forecast period include technological advancements in production, rise in home baking and cooking trends, customization and specialty variants, expansion of foodservice industry, innovation in packaging and presentation.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/powdered-sugar-global-market-report
Segmentation & Regional Insights
The powdered sugar market covered in this report is segmented –
1) By Type: Conventional, Organic
2) By Form: Extra Fine, Coarse-Grained, Decoration, Other Forms
3) By Distribution Channel: Direct, Indirect
4) By Application: Confectionary, Bakery, Dairy, Beverages, Other Applications
North America was the largest region in the powdered sugar market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the powdered sugar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8739&type=smp
Major Driver Impacting Market Growth
Increasing demand for dairy food is expected to propel the growth of the powdered sugar market going forward. Dairy products are liquids and non-edible products created or extracted from a mammal’s milk, such as a cow, goat, ewe, or water buffalo. Powdered sugar gives dairy and bakery products a pleasing texture, fluffier form, and delectable flavor. Due to such benefits, there is an increasing demand the powdered sugar. . For instance, in November 2021, according to the Dairy Foods Magazine, a US-based online publication that covers various aspects of the dairy and dairy foods industry, flavored milk sales in dollars climbed 4.8% to $1,646,5 million, while sales in units increased 1.0% to $658.2 million. Therefore, increasing demand for dairy food is driving the growth of the powdered sugar market .
Key Industry Players
Major companies operating in the powdered sugar market report are 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., Cofco International, Corporación Azucarera del Pacífico S.A., Barry Callebaut AG, Olam International, Ingredion Incorporated, United Sugars Corporation, Imperial Sugar Company, Michigan Sugar Company, Rogers Sugar Inc., Florida Crystals Corporation, Redpath Sugar Ltd., The Western Sugar Cooperative, Amalgamated Sugar Company LLC, The Mennel Milling Company, The Andersons Inc., The C F Sauer Company, Sugar Corporation, The Hershey Company, The J M Smucker Company, The Kraft Heinz Company, Nordzucker Group, Tereos Internacional SA, Raffinerie Tirlemontoise, Eridania Sadam, British Sugar plc, Südzucker Polska AG, Rübenanbauerverband, Agrana Zucker GmbH, Pfeifer & Langen, Zucarmex SA
The powdered sugar market report table of contents includes:
- Executive Summary
- Powdered Sugar Market Characteristics
- Powdered Sugar Market Trends And Strategies
- Powdered Sugar Market – Macro Economic Scenario
- Global Powdered Sugar Market Size and Growth
- Powdered Sugar Market Segmentation
- Powdered Sugar Market Regional And Country Analysis
……………..
- Key Mergers And Acquisitions In The Powdered Sugar Market
- Powdered Sugar Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Powdered Sugar Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………………
Table 75: Südzucker AG Financial Performance
Table 76: Tate & Lyle Sugars Financial Performance
Table 77: Cargill Incorporated Financial Performance
Table 78: Nordic Sugar A/S Financial Performance
Table 79: American Crystal Sugar Company Financial Performance
Explore the trending research reports from TBRC:
https://topprnews.com/nonwoven-filter-media-market-growth/
https://goodprnews.com/oilfield-chemicals-market-size/
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
