Global Powdered Sugar Market (2019-2025)

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NEW YORK, December 17, 2019 / PRNewswire / – Global Powdered Sugar Market Expected to Reach $ 7,529.1 million by 2025, with a CAGR of 4.5% in 2019-2025. Powdered sugar, also known as icing sugar, is primarily used in confectionery and baking applications. Powdered sugar, starch and anti-caking agent are part of the composition of icing sugar. For icing sugar, the anti-caking agent is especially important for complex designs made by food service providers.

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Powdered sugar is used to flavor a number of bakery and confectionery products and is therefore available in different forms depending on the application of the icing sugar. Sugar should be compulsively used in a short period of time because the possibility of sugar clumping persists even with the presence of anti-caking agents. The source of starch often varies depending on the form of the powdered sugar made. Yet cane sugar is the main source of sugar in every powdered sugar.

Powdered sugar is mainly used on cookies because its built-in natural properties help to better dissolve the powdered sugar in these items. Due to unpredictable climatic conditions, sugar production sites around the world, such as India, Brazil, and many other EU countries experienced slow growth in 2016. Agricultural yield was relatively low, which further affected the organic growth of the world sugar market. The production flow of standard sugar has been affected and interrupted globally, affecting the growth of the powdered sugar market. Despite the industry’s struggle in the face of unfavorable conditions, market players are trying to chart a course to continue the free flow of exports and imports.

Changing lifestyles of people have changed eating habits in developing economies. This has resulted in the expansion of the baking industry in these regions. In European countries, the bakery industry is well established and advanced. However, the transition in the APAC and LAMEA regions resulted in an increase in the presence of the restoration. This has stimulated the demand for good quality icing sugar in the baking industry to meet consumer demands. But in these regions, there are fewer producers of powdered sugar. It thus provides all manufacturers in these regions with a white space. The seasonal market also influences the global sales of powdered sugar.

The US sugar industry has been positively influenced by government policies and frameworks. For example, according to the North American Free Trade Agreement, Mexico was favored by an unlimited amount of sugar export to the United States due to the existence of some of the largest sugar producing countries in the region, such as India and China; the Asia Pacific is expected to be the fastest growing market in the years to come. The increased consumption of baked goods and dairy products has also increased the demand for the products.

On the basis of the product, the market is segmented into conventional and organic. On the basis of application, the market is segmented into bakery, dairy, confectionery and others. On the basis of regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. the North America the market dominated the global powdered sugar market by region in 2018 and will continue to be a dominant market until 2025; thus, achieve a market value of $ 2,693.2 million by 2025, with a CAGR of 3.8% during the forecast period. the Asia Pacific The market is expected to experience a CAGR of 5.8% during (2019 – 2025).

Scope of the study

Market segmentation :

By product

• Conventional

• Organic

By application

• Pastry shop

• Dairy

• Confectionery

• Others

By geography

North America

o United States

o Canada

o Mexico

o Rest of North America

Europe

o Germany

UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

Asia Pacific

o China

o Japan

o India

o Australia

o South Korea

o Singapore

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o United Arab Emirates

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Profiled companies

• Sudzucker SA

• Tate & Lyle PLC

• Cargill Company

• Louis Dreyfus Company BV (Imperial Sugar)

• Nordzucker AG (Nordic Sugar A / S)

• American Crystal Sugar Company

• American Sugar Refining, Inc. (Domino Foods, Inc.)

• Swire Pacific Ltd. (Taikoo Sugar Limited)

• COFCO Company

• Nanning Sugar Industry Co., Ltd.

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