The Business Research Company’s report on the Powdered Sugar Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the powdered sugar industry?
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 March 2023, according to a report published by Farm Credit East, a US-based financial institution focused on agriculture, the average milk price for 2023 is projected to be around $20.50 per hundredweight, supported by steady consumer demand and limited supply growth. Additionally, the report highlights that U.S. milk production is expected to rise only 0.3% year-over-year, while feed costs have surged by 25%, impacting profit margins for dairy farmers. Therefore, increasing demand for dairy food is driving the growth of the powdered sugar market.
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What is the estimated market size of the powdered sugar sector by 2029, based on current forecasts?
The powdered sugar market size has grown steadily in recent years. It will grow from $6.07 billion in 2024 to $6.36 billion in 2025 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 $7.73 billion in 2029 at a compound annual growth rate (CAGR) of 5.0%. 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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#Who are the top players in the powdered sugar market?
Major companies operating in the powdered sugar market 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., 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, Nordzucker Group, Tereos Internacional SA, Raffinerie Tirlemontoise, Eridania Sadam, British Sugar PLC, Südzucker Polska AG, Agrana Zucker GmbH, Pfeifer & Langen, Zucarmex SA
#What are the major trends in the powdered sugar market?
Technological innovations have emerged as a key trend in the powdered sugar market. Major companies operating in the powdered sugar market are focused on innovating new methods to sustain their position in the market. For instance, in March 2022, Cargill, a US-based food corporation, launched the EverSweet + ClearFlo Stevia Platform, combined with a stevia-enhancing clearflo technology. This mixture can improve flavor, solubility, formulation stability, and dissolution speed. Due to EverSweet’s quick sweetness onset and high sweetness potency, the platform would provide a more sugar-like sensation, especially at higher concentrations. The innovative sweetening process can also help to reduce unpleasant flavors present in a formulation, such as bitter coffee flavors, earthy protein notes, or metallic tastes from potassium chloride.
Which geography holds the highest powdered sugar market share?
North America was the largest region in the powdered sugar market share in 2024. 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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How do different segments contribute to the overall expansion of the powdered sugar market?
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
Subsegments:
1) By Conventional: Standard Powdered Sugar, Specialty Powdered Sugar
2) By Organic: Organic Powdered Sugar, Specialty Organic Powdered Sugar
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How is the powdered sugar market defined, and what are its core characteristics?
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.
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