Powdered Sugar Market Key Players, Growth Rate And Forecast To 2033

 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.

 

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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.

 

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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:

1. Executive Summary
2. Powdered Sugar Market Characteristics
3. Powdered Sugar Market Trends And Strategies
4. Powdered Sugar Market – Macro Economic Scenario
5. Global Powdered Sugar Market Size and Growth
6. Powdered Sugar Market Segmentation
7. Powdered Sugar Market Regional And Country Analysis

……………..

33. Key Mergers And Acquisitions In The Powdered Sugar Market
34. Powdered Sugar Market Future Outlook and Potential Analysis
35. 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

 

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