Powdered Sugar Global Market Report 2024

Description

Powdered Sugar Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on powdered sugar market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for powdered sugar? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The powdered sugar market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Sudzucker AG; Tate & Lyle Sugars; Cargill Incorporated; Nordic Sugar A/S; American Crystal Sugar Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Powdered sugar, derived from finely crushed white sugar granules, boasts a distinct fine texture, offering a chalky feel that contrasts with the coarser, sand-like texture of granulated sugar.

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.

The powdered sugar market research report is one of a series of new reports from The Business Research Company that 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 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%. 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 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%. 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 Sudzucker 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, Corporacion Azucarera del Pacifico 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, Sudzucker Polska AG, Rubenanbauerverband, 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 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.

Product Code: r12972

1. Executive Summary

2. Powdered Sugar Market Characteristics

3. Powdered Sugar Market Trends And Strategies

4. Powdered Sugar Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Powdered Sugar Market Size and Growth

5.1. Global Powdered Sugar Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Powdered Sugar Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Powdered Sugar Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Powdered Sugar Market Segmentation

6.1. Global Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Conventional
Organic
6.2. Global Powdered Sugar Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Extra Fine
Coarse-Grained
Decoration
Other Forms
6.3. Global Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Direct
Indirect
6.4. Global Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Confectionary
Bakery
Dairy
Beverages
Other Applications

7. Powdered Sugar Market Regional And Country Analysis

7.1. Global Powdered Sugar Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Powdered Sugar Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Powdered Sugar Market

8.1. Asia-Pacific Powdered Sugar Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Powdered Sugar Market

9.1. China Powdered Sugar Market Overview
9.2. China Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Powdered Sugar Market

10.1. India Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Powdered Sugar Market

11.1. Japan Powdered Sugar Market Overview
11.2. Japan Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Powdered Sugar Market

12.1. Australia Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Powdered Sugar Market

13.1. Indonesia Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Powdered Sugar Market

14.1. South Korea Powdered Sugar Market Overview
14.2. South Korea Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Powdered Sugar Market

15.1. Western Europe Powdered Sugar Market Overview
15.2. Western Europe Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Powdered Sugar Market

16.1. UK Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Powdered Sugar Market

17.1. Germany Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Powdered Sugar Market

18.1. France Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Powdered Sugar Market

19.1. Italy Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Powdered Sugar Market

20.1. Spain Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Powdered Sugar Market

21.1. Eastern Europe Powdered Sugar Market Overview
21.2. Eastern Europe Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Powdered Sugar Market

22.1. Russia Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Powdered Sugar Market

23.1. North America Powdered Sugar Market Overview
23.2. North America Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Powdered Sugar Market

24.1. USA Powdered Sugar Market Overview
24.2. USA Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Powdered Sugar Market

25.1. Canada Powdered Sugar Market Overview
25.2. Canada Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Powdered Sugar Market

26.1. South America Powdered Sugar Market Overview
26.2. South America Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Powdered Sugar Market

27.1. Brazil Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Powdered Sugar Market

28.1. Middle East Powdered Sugar Market Overview
28.2. Middle East Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Powdered Sugar Market

29.1. Africa Powdered Sugar Market Overview
29.2. Africa Powdered Sugar Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Powdered Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Powdered Sugar Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Powdered Sugar Market Competitive Landscape And Company Profiles

30.1. Powdered Sugar Market Competitive Landscape
30.2. Powdered Sugar Market Company Profiles
- 30.2.1. Sudzucker AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Tate & Lyle Sugars
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Cargill Incorporated
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Nordic Sugar A/S
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. American Crystal Sugar Company
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Powdered Sugar Market Competitive Benchmarking

32. Global Powdered Sugar Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Powdered Sugar Market

34. Powdered Sugar Market Future Outlook and Potential Analysis

34.1 Powdered Sugar Market In 2028 - Countries Offering Most New Opportunities
34.2 Powdered Sugar Market In 2028 - Segments Offering Most New Opportunities
34.3 Powdered Sugar Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer