PUBLISHER: The Business Research Company | PRODUCT CODE: 1661992
PUBLISHER: The Business Research Company | PRODUCT CODE: 1661992
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 $6.07 billion in 2024 to $6.36 billion in 2025 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 $7.73 billion in 2029 at a compound annual growth rate (CAGR) of 5.0%. 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.
The growing demand for dairy products is anticipated to drive the expansion of the powdered sugar market in the coming years. Dairy products include liquids and non-edible items derived from the milk of mammals such as cows, goats, ewes, or water buffalo. Powdered sugar enhances the texture, fluffiness, and flavor of dairy and bakery items, contributing to its rising popularity. For example, in March 2023, a report from Farm Credit East, a U.S.-based financial institution focused on agriculture, projected the average milk price for 2023 to be approximately $20.50 per hundredweight, supported by consistent consumer demand and limited supply growth. Furthermore, the report indicates that U.S. milk production is expected to increase by only 0.3% year-over-year, while feed costs have risen by 25%, affecting profit margins for dairy farmers.
The rising demand for beverages is expected to drive the growth of the powdered sugar market in the coming years. Beverages are liquid products specifically created for human consumption, designed to quench thirst, provide refreshment, and offer enjoyment. Powdered sugar dissolves faster than granulated sugar, making it an ideal choice for cold drinks. It also delivers a more consistent sweetness and smooth texture, serves well as a garnish, and can be used for decorative purposes. For example, in February 2023, Monster Beverage Corporation, a U.S.-based company that produces energy drinks, reported that net sales for its Monster Energy Drinks segment rose by 2.6 percent to $1.39 billion in the fourth quarter of 2022, up from $1.35 billion in the fourth quarter of 2021. Therefore, the increasing demand for beverages is fueling the growth of the powdered sugar market.
Technological innovations have become a significant trend in the powdered sugar market. Leading companies in this sector are concentrating on developing new methods to maintain their competitive edge. For example, in March 2022, Cargill, a U.S.-based food corporation, introduced the EverSweet + ClearFlo Stevia Platform, which incorporates stevia-enhancing ClearFlo technology. This combination improves flavor, solubility, formulation stability, and dissolution speed. With EverSweet's rapid onset of sweetness and high sweetness potency, the platform aims to deliver a more sugar-like experience, particularly at higher concentrations. Additionally, this innovative sweetening process can help mask undesirable flavors in formulations, such as the bitterness in coffee, earthy notes from protein, or metallic tastes from potassium chloride.
Key players in the powdered sugar market are prioritizing product innovation, such as SweetCare, to drive revenue growth. Single-serving sugar packets are small, pre-measured containers that hold a specific amount of sugar, usually granulated, intended for one-time use. For instance, in July 2022, Domino Foods, Inc., a U.S.-based food company, launched a refreshed design for its single-serving sugar packets. This rebranding effort aims to prepare the brand for the future while preserving the quality and consistency that customers have depended on for generations. The updated packaging will feature a new logo and streamlined colors, while still retaining the iconic yellow associated with Domino Sugar.
In March 2024, Sugar Foods Corporation, a U.S.-based food service provider, acquired Concord Foods for an undisclosed amount. This acquisition aligns with Sugar Foods' strategy to strengthen its market position and diversify its product offerings. Concord Foods LLC, based in Massachusetts, specializes in retail food products. With this acquisition, Sugar Foods plans to integrate Concord's 255,000-square-foot facility into its operations, aiming to enhance customer service and foster innovation across its business segments. Concord Foods LLC is a U.S.-based manufacturer of powdered sugar.
Major companies operating in the powdered sugar market 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., 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, Nordzucker Group, Tereos Internacional SA, Raffinerie Tirlemontoise, Eridania Sadam, British Sugar PLC, Sudzucker Polska AG, Agrana Zucker GmbH, Pfeifer & Langen, Zucarmex SA
North America was the largest region in the powdered sugar market share in 2024. 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.
Powdered Sugar Global Market Report 2025 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.
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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.