Sugar Toppings Market Forecast on Opportunities, Growth Drivers and Challenges for Industrial, Grocery, Foodservice Channels in North America, Asia-Pacific and Europe Region Between 2019 to 2023

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The global sugar toppings market is projected to reach USD 6.93 billion by 2021, at a CAGR of 6.0%. This growth is mainly attributed to the rising consumption of confectioneries, growth in the consumption of low-sugar topping products in Europe, marketing of breakfast syrups and beverage sauces in the Asian market, and the rising demand of sugar toppings from emerging markets such as China, India, Brazil, and the Middle East.

North America is global leader in consumption of sugar toppings market, and this dominance is expected to continue till 2021. U.S. is key country in this region, consuming more than 45% of overall demand for sugar toppings in North America. North America sugar toppings market is also expected to grow at significant CAGR, owing to growth in hot and cold beverage segment, especially coffee.

#Table of Content
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Global Sugar Toppings Market, By Type
8 Global Sugar Toppings Market, By Channel
9 Global Sugar Toppings Market, By Region
10 Global Sugar Toppings Market : Competitive Landscape
11 Global Sugar Toppings Market, By Company

Sugar toppings are used in confectionaries in a variety of forms. They are used as icing on cakes and cupcakes and as sprinkles to improve the appearance of cake. The consumption of confectionaries is increasing all over the world. Confectioneries can be divided into two types, namely, sugar confectioneries and chocolate confectioneries, in which sugar is the main ingredient.

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Globally, sugar confectioneries account for 39% and chocolate confectioneries for 61% of the total consumption of confectioneries. This ratio can vary among countries. Confectionery consumption is increasing in countries with the growing middle class, such as Brazil and India, and in countries with traditionally low sugar consumption, such as China and Japan.

Major players operating in the sugar toppings market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents.

Key players considered in the analysis of the sugar toppings market are The J.M. Smucker Company (U.S.), The Hershey Company (U.S.), Pinnacle Foods, Inc. (U.S.), The Kraft Heinz Company (U.S.), Baldwin Richardson Foods Company (U.S.), Monin Incorporated (U.S.), R. Torre & Company, Inc. (U.S.), W.T. Lynch Foods Ltd. (U.S.), Ghirardelli Chocolate Company (U.S.), CK Products LLC (U.S.), Quaker Oats Company (U.S.), Regal Food Products Group Plc (U.K.)

More Information on “Sugar Toppings Market by Type (Dry Sugar Toppings, Wet Sugar Toppings), Channel (Industrial, Grocery, Foodservice), and by Region (North America, Asia-Pacific, Europe, Rest of the World) - Global Forecasts to 2021” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=545721 .

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the sugar toppings market; high-growth regions; and market drivers, restraints, and opportunities.

Break-up of profile of primary participants for the report:
• By Company Type - Tier 1 – 27%, Tier 2 – 33%, Tier 3 – 40%
• By Designation – C-level – 20%, Director-level – 33%, others – 47%
• By Region – Europe – 67%, North America - 20%, Asia-Pacific – 13%

Dry and wet are two major types of sugar toppings. The wet type segment is expected to grow at the highest CAGR during the forecast period in terms of value, owing to its increasing use in hot and cold beverages. Beverage sauces are the biggest sub-segment of dry sugar toppings, followed by flavored sugars, in terms of value.

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