Global Sugar Toppings Market: Overview
Sugar toppings are used as a topping or as an ingredient in confectioneries and bakery products in order to enhance the taste and provide fancy looks. It is made of finely grained sugar which is finely crushed and converted into powdered form. It is also enriched with ingredients such as cream cheese, butter, flavorings, and egg whites. Sugar toppings are used to decorate cookies, baked goods, candy, cakes, and others with desired flavor and color. It is used in the various industries such as chocolate, chewing gums, sugar confectionery, baking, and other industries.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Sugar Toppings Market: Growth Factors
The sugar toppings market is growing at a substantial pace globally due to growing retail market, increasing disposable income, and rising trend towards gifting confectioneries items. Rapid urbanization and exponential growth in the population anticipates to drive the market growth. Fast paced lifestyle, increase in the demand for ready-to-eat food, and rising interest of people in delicacies have boosted the sugar toppings market.
Global Sugar Toppings Market: Segmentation
The global sugar toppings market is categorized based on the channel such as grocery, industrial, and food service. The industrial channel segment is dominating sugar toppings market owing to increasing demand from bakeries. Based on the type, the global market is fragmented as wet and dry. The wet type segment is segregated into two categories such as beverage sauces and breakfast syrups. The dry type segment is bifurcated into flavored sugars, dried icing sugar, moisture resistant icing sugar, and sprinkles. Of these, wet type segment is leading the sugar toppings market. The growth in the market is mainly due to increasing demand for sugar toppings in hot and cold beverages.
Global Sugar Toppings Market: Regional Analysis
The global sugar toppings market is currently dominated by Europe owing to the increasing consumption of confectioneries coupled with changing consumer preferences towards low-sugar topping products. Europe and North America are considered as a mature market for sugar toppings. North America contributed a good market share across the world. Changing lifestyle and eating habits in the North America are expected to boost the market growth. Larger consumer base in this region consume high-calorie food as compared to other regions thus opening up new growth avenues in the coming years. Asia-Pacific is expected to witness high demand for beverage sauces and breakfast syrups. Rising demand of sugar toppings from developing countries such as Brazil, China, and India anticipates to foster the global sugar toppings market growth. The Middle East is a promising market and expects to open new opportunities in the coming years.
Global Sugar Toppings Market: Competitive Players
Key market players of the global sugar toppings market are R. Torre & Company, Inc., The Hershey Company, The Kraft Heinz Company, The J.M. Smucker Company, W. T. Lynch Foods Ltd., Baldwin Richardson Foods Co., Pinnacle Foods, Inc., and Monin Inc.
Global Sugar Toppings Market: Regional Segment Analysis
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