The global powdered sugar market size is anticipated to reach USD 8.77 billion by 2030. The market is projected to grow at a CAGR of 5.6% from 2024 to 2030. Increasing consumption of bakery and confectionery food products is the key factor driving the market.
Powdered sugar has many applications in bakery products, such as brownies, pound cakes, muffins, cookies, and donuts. Conventional product type was the largest segment in 2018 and accounted for a share of more than 73%. Conventional product is produced from sugarcane or sugar beets. Thus, easy production process and relatively low prices are estimated to drive their demand, thereby supporting segment growth.
However, conventional powdered sugars undergo refining process to remove the molasses that also strips down the vitamins and minerals. This may have a slightly negative impact on its demand. Bakery was the largest application segment in 2018 and will remain dominant even during the forecast period due to extensive product usage in the production various bakery products.
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Powdered sugar has many applications in bakery products, such as brownies, pound cakes, muffins, cookies, and donuts. Conventional product type was the largest segment in 2018 and accounted for a share of more than 73%. Conventional product is produced from sugarcane or sugar beets. Thus, easy production process and relatively low prices are estimated to drive their demand, thereby supporting segment growth.
However, conventional powdered sugars undergo refining process to remove the molasses that also strips down the vitamins and minerals. This may have a slightly negative impact on its demand. Bakery was the largest application segment in 2018 and will remain dominant even during the forecast period due to extensive product usage in the production various bakery products.
Powdered Sugar Market Report Highlights
- The conventional segment dominated the market and accounted for a market revenue share of 72.4% in 2023. Conventional powdered sugar benefits from economies of scale and established production techniques that keep prices relatively low compared to specialty or organic alternatives.
- Bakery accounted for the largest market revenue share in 2023. The bakery industry has seen an increase in the variety of products available, from artisanal breads to gourmet desserts.
- North America powdered sugar market accounted for the largest market revenue share of 36.1% in 2023. North America boasts a thriving bakery industry that includes everything from artisanal bread and pastries to mass-produced confectioneries.
The leading players in the Powdered Sugar market include:
- Südzucker United Kingdom Ltd.
- Tate & Lyle Sugars
- Cargill, Inc.
- Imperial Sugar
- Nordic Sugar A/S
- American Crystal Sugar Company
- Domino Foods, Inc.
- Taikoo Sugar Ltd.
- Wholesome Sweeteners, Inc.
- Nanning Sugar Industry Co., Ltd.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Powdered Sugar Market Variables, Trends, & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Powdered Sugar Market: Nature Estimates & Trend Analysis
Chapter 6. Powdered Sugar Market: Application Estimates & Trend Analysis
Chapter 7. Powdered Sugar Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
The leading players in the Powdered Sugar market include:- Südzucker United Kingdom Ltd.
- Tate & Lyle Sugars
- Cargill, Inc.
- Imperial Sugar
- Nordic Sugar A/S
- American Crystal Sugar Company
- Domino Foods, Inc.
- Taikoo Sugar Ltd.
- Wholesome Sweeteners, Inc.
- Nanning Sugar Industry Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 6.11 Billion |
| Forecasted Market Value ( USD | $ 8.77 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
