Global Powdered Sugar Market 2024 - By End-User Analysis, Competitive Landscape And Industry Overview 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Powdered Sugar Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.45 billion In 2028 At A CAGR Of 10.2% :

The powdered sugar market size 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%. The growth in the historic period can be attributed to industrialization of food processing, consumer preference for convenience foods, advancements in sugar refining, expansion of the confectionery market.

The powdered sugar market size 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%. The growth in the forecast period can be attributed to continued growth in bakery sector, increased adoption of ready-to-eat foods, healthier variants and sugar alternatives, expansion of food and beverage industry, innovations in branding. Major trends in the forecast period include technological advancements in production, rise in home baking and cooking trends, customization and specialty variants, expansion of foodservice industry, innovation in packaging and presentation.

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Powdered Sugar Market Major Segments
The powdered sugar market covered in this report is segmented -

1) By Type: Conventional, Organic
2) By Form: Extra Fine, Coarse-Grained, Decoration, Other Forms
3) By Distribution Channel: Direct, Indirect
4) By Application: Confectionary, Bakery, Dairy, Beverages, Other Applications

Key Driver - Powdered Sugar Market Growth Fueled By Escalating Demand In The Dairy Sector

Increasing demand for dairy food is expected to propel the growth of the powdered sugar market going forward. Dairy products are liquids and non-edible products created or extracted from a mammal's milk, such as a cow, goat, ewe, or water buffalo. Powdered sugar gives dairy and bakery products a pleasing texture, fluffier form, and delectable flavor. Due to such benefits, there is an increasing demand the powdered sugar. . For instance, in November 2021, according to the Dairy Foods Magazine, a US-based online publication that covers various aspects of the dairy and dairy foods industry, flavored milk sales in dollars climbed 4.8% to $1,646,5 million, while sales in units increased 1.0% to $658.2 million. Therefore, increasing demand for dairy food is driving the growth of the powdered sugar market .

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Prominent Trend - Cargill's Innovative Eversweet + Clearflo Stevia Platform Redefining The Powdered Sugar Market

Technological innovations have emerged as a key trend in the powdered sugar market. Major companies operating in the powdered sugar market are focused on innovating new methods to sustain their position in the market. For instance, in March 2022, Cargill, a US-based food corporation, launched the EverSweet + ClearFlo Stevia Platform, combined with a stevia-enhancing clearflo technology. This mixture can improve flavor, solubility, formulation stability, and dissolution speed. Due to EverSweet's quick sweetness onset and high sweetness potency, the platform would provide a more sugar-like sensation, especially at higher concentrations. The innovative sweetening process can also help to reduce unpleasant flavors present in a formulation, such as bitter coffee flavors, earthy protein notes, or metallic tastes from potassium chloride.

Powdered Sugar Market Players
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

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Largest And Fastest Growing Region In The Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Powdered Sugar Market Report Structure
3. Powdered Sugar Market Trends And Strategies
4. Powdered Sugar Market - Macro Economic Scenario
5. Powdered Sugar Market Size And Growth
…..
27. Powdered Sugar Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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