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Powdered Sugar Market Size & Share, 2025 | Global Industry Report

Powdered Sugar Market Analysis Report By Application, By Product, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619611  |  Published: April 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global powdered sugar market size was valued USD 5.62 billion, in 2018 and is anticipated to grow at CAGR 4.2% over the forecasted period. Rising consumption of bakery and confectionery products among consumers is a key factor driving the market growth. In the bakery sector, the powdered sugar is used in various products, which includes cakes, muffins, pastries, donuts, and cookies.

This sugar is also known as confectioner’s sugar and icing sugar. It is majorly used as an anti-caking agent to maintain the texture and structure of food products. It is also used for fruit-flavored sweets, the frosting of desserts, and baked items. In addition, innovation in packaging of confectioneries and chocolates is expected to increase the consumption of this product.

U.S. powdered sugar market size

Increasing awareness about side effects of excessive consumption of sugar on the human body such as increased cholesterol and diabetes is expected to restraint the market growth. However, market players are striving to come up with alternative options such as natural and organic sugar with high energy and low fat.

North America held the largest market share, in 2018 and projected to expand with a significant growth rate. However, Asia Pacific is anticipated to grow with the fastest CAGR over the forecast period.

Product Insights

The product segmented into organic and conventional. In 2018, conventional products are estimated to hold the largest market share over the forecast years. These products are produced from sugar beets and sugarcane. Easy production along with the low price is anticipated to drive the growth of this segment. Furthermore, confectionery and bakery manufacturers prefer conventional products to maintain the texture and color of food products.

Global powdered sugar market share, by product

Organic products are expected to grow with the highest CAGR of more than 4.0% during the forecast period due to the rising demand for organic and natural food products. This powdered sugar produces by organic powdered sugar contains minerals, amino acids, antioxidants, and vitamins. Thus, several health benefits by consumption of organic powdered sugar are expected to boost the segment growth.

Application Insights 

By application, the powdered sugar market is fragmented into bakery, dairy, confectionery, and others. In 2018, the bakery segment accounted for the largest market share with over 33.0% andexpected to retain its position throughout the forecasted period. This growth can be attributed to the growing demand for various bakery food products such as cookies, pies, cakes, and pastries to maintain structure and texture. However, the dairy application is projected to grow with the highest CAGR during the forecast period. This high growth rate is attributed to the extensive usage of powdered sugar in dairy products such as sweets, shakes, whipped cream, and ice creams. Increasing demand for milk-based beverages is further expected to provide traction for this segment demand.

Regional Insights

North America held the largest market share, in 2018 and expected to grow with significant CAGR over the forecast period.  Mexico exports a high quantity of powdered sugar in the U.S.

On the other hand, Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period. This high growth rate is attributed to increasing consumption of dairy and bakery products in the region.

Powdered Sugar Market Share Insights

The major players operating in this market are Tate & Lyle Sugars, Domino Foods, Inc., American Crystal Sugar Company, Wholesome Sweeteners, Inc., Nordic Sugar A/S, Cargill, Inc., Taikoo Sugar Ltd., Imperial Sugar, COFCO International. Südzucker United Kingdom Ltd.,Market players are majorly concentrating on product development and innovation to sustain in competitive market and gain largest market share.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., U.K., Germany, China, Japan, India, and Brazil

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global powdered sugar market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Conventional
    • Organic

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Bakery
    • Confectionery
    • Dairy
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • India
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa

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