Powdered Sugar Global Market Report 2024

The global powdered sugar market 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%. Historical growth can be credited to the industrialization of food processing, a shift in consumer preferences toward convenient food options, advancements in sugar refining techniques, and the expansion of the confectionery market.

The global powdered sugar market 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%. Anticipated growth in the upcoming period is linked to sustained expansion within the bakery sector, heightened uptake of ready-to-eat foods encompassing healthier alternatives and sugar substitutes, the widening scope of the food and beverage industry, and innovative approaches to branding strategies.

The projected growth of the powdered sugar market stems from an increasing demand for dairy products. Dairy foods, derived from mammal milk like cow, goat, or buffalo, benefit from powdered sugar's ability to enhance texture, fluffiness, and flavor. Notably, in November 2021, Dairy Foods Magazine reported a 4.8% rise in flavored milk sales, reaching $1,646.5 million in revenue, and a 1.0% increase in sales units to $658.2 million, underscoring the surge in demand for dairy-based products that employ powdered sugar.

Another driver of growth in the powdered sugar market is the escalating demand in the beverage sector. Beverages, intended for human consumption to satisfy thirst and offer refreshment, find powdered sugar as an ideal ingredient for its quick dissolution, consistent sweetness, and suitability for cold drinks and garnishing purposes. A report by Common Thread Collective in April 2022 highlighted a substantial growth trajectory in global beverage sales, reaching $506 billion in 2022 from $435.3 billion in 2021 and projected to hit $857 billion by 2025, showcasing the pivotal role of powdered sugar in this industry's expansion.

Technological innovations serve as a pivotal trend within the powdered sugar market. Key industry players prioritize innovation to maintain market relevance. For instance, in March 2022, Cargill introduced the EverSweet + ClearFlo Stevia Platform, combining stevia enhancement technology. This innovation promises improved flavor, solubility, stability in formulation, and quicker dissolution, resembling the sweetness sensation of sugar, particularly in concentrated forms. The technology also mitigates unpleasant tastes, like bitter coffee or metallic notes, present in formulations, enhancing product quality.

Companies in the powdered sugar market are strategically introducing innovative products like Sweetcare to drive revenue growth. Sweetcare, catering to health-conscious consumers seeking low GI sugar, offers natural sweetness. EID Parry Ltd's March 2021 launch of Sweetcare, infused with seven organic herbal extracts, aims to control blood sugar levels more effectively. These extracts, including amla, pomegranate, ginger, turmeric, fenugreek, black pepper, and cinnamon, fortify the product's nutritional profile, catering to consumers focused on healthy lifestyles.

In March 2021, Sugar Corporation, a prominent US-based agricultural entity, undisclosedly acquired Imperial Sugar Company, a major powdered sugar producer. This acquisition positions Sugar Corporation to optimize Imperial Sugar's refining capabilities, bolstering production efficiency and potentially benefiting consumers with increased output at lower costs. Imperial Sugar Company's strengths in powdered sugar production align with Sugar Corporation's strategic goals, enhancing its market position.

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

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. The countries covered in the powdered sugar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The powdered sugar domain, the primary distinctions lie between conventional and organic varieties. Conventional versions are manufactured using artificial pesticides, fertilizers, or genetically modified components. Available in various forms like extra fine, coarse-grained, decorative, and others, powdered sugar finds extensive use across confectionery, bakery, dairy, beverage, and diverse applications. Its distribution occurs through both direct and indirect channels.

This report provides powdered sugar market statistics, including powdered sugar industry global market size, regional shares, competitors with a powdered sugar market share, detailed powdered sugar market segments, market trends and opportunities, and any further data you may need to thrive in the powdered sugar industry. This powdered sugar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The powdered sugar market consists of sales of corn-starch, sugarcane, and anti-binding agents, such as titanium dioxide. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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