The sales of sugar toppings market is estimated to be valued at USD 42,095.7 Million in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach USD 93,988.8 Million by 2032, rising at a CAGR of 8.4% for 2022 to 2032.
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 42,095.7 Million |
| Market Forecast Value in 2032 | USD 93,988.8 Million |
| Global Growth Rate (2022 to 2032) | 8.4 % |
| Forecast Period | 2022 to 2032 |
According to the Market Research analysis, The Hershey Company, R. Torre & Company, Inc., W. T. Lynch Foods Ltd, The Kraft Heinz Company, The J.M. Smucker Company, Baldwin Richardson Foods Co., Pinnacle Foods, Inc., and Monin Inc. are identified as key sugar topping brands.
Sugar toppings are used as a garnish or as an ingredient in confectioneries and pastry products to enhance the flavour and the aesthetic appeal. It is generally created using freshly granulated sugar that has been finely crushed and powdered. Sugar toppings can also include granulated, pearl, light beam, dark beam, cane, and confectionaries sugar.
Sugar Toppings are mostly used to flavour and brighten baked foods such as cakes and other desserts. It's also utilised in the production of sweetened products including chewing gums, chocolate, sugar confectionaries, and other products in a variety of industries.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 8.3% |
| H1,2022 Projected (P) | 8.4% |
| H1,2022 Outlook (O) | 9.2% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 84 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 92.4 ↑ |
There have been a number of recent changes in this market, including:
One trend that is gaining popularity is the use of unique sugar toppings. These can add a fun and unexpected element to desserts, snacks, and even savory dishes.
Some examples include:
In the food industry, a product launch is always a momentous event. And when that product is a new sugar topping, the stakes are even higher. Such was the case in early 2018, when confectionery giant Hershey's unveiled its latest addition to the market: Hershey's Sugar Toppings.
The new line of products consists of syrups and sprinkles in several flavors, including chocolate, vanilla, and strawberry. Hershey's is billing Sugar Toppings as a way to add an extra level of sweetness to desserts and snacks.
The launch has been greeted with enthusiasm by consumers and industry analysts alike.
Sugar confectionery consumption is increasing Across the world. Candy consumption is particularly high among children and young adults, owing to their need for sugar for energy. Chocolates, sweets, candies, and cereal bars, all of which include powdered sugar, are becoming increasingly popular over the world.
Cakes, doughnuts, and pastries, among other bakery confections, are also very popular. The global sugar glaze toppings market is expected to grow as a result of the rising confectionery consumption.
As people lead more sedentary lives, ailments like hyperglycemia, obesity, and diabetes have become more common. Naturally, there is a movement toward low-sugar eating habits. As a result, sugar-free confectionery consumption has risen, forcing key manufacturers to produce brown sugar and sugar free toppings, hence expanding market opportunities.
Confectioneries use powdered sugar toppings in a variety of ways. They're used as frosting and sprinkles on cakes and cupcakes to make them look more appealing. Sugar confectioneries and chocolate confectioneries are the two types of confectioneries that contain sugar as the major ingredient.
Sugar confectionery accounts for 40% of total pastry consumption, while chocolate confectionery accounts for 60%. This ratio can differ from one country to the next. Confectionery consumption is expanding in nations with growing middle classes, such as Brazil and India, as well as those with historically low sugar consumption, such as China and Japan.
The global sugar toppings industry is dominated by the major sugar producing countries. Brazil controls a large portion of the worldwide sugar topping market, paying USD 2.5 trillion annually for its sugar topping companies.
The Sugar Toppings industry in the United States is in disarray due to demand supports, domestic marketing allocations, and tariff constraints for general sugar.
The US government employs tariffs to keep the domestic price of brown sugar 90% higher than the world market price, saving customers USD 3.6 billion each year.
These government-sanctioned constraints stymie the growth of the sugar toppings business in the United States. The European Union is a major beet sugar producer, primarily in northern Europe. The most productive manufacturing countries are Northern France, Germany, the United Kingdom, and Poland.
Sugar toppings demand and supply networks are increasing in these locations. Growing Asian countries produce over 40% of the world's total sugar, thanks to their diversified production systems and consumption habits.
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Sugar toppings market demand is being driven by rising sugar confectionery consumption around the world. Furthermore, increased customer demand for flavoured sugar is projected to have a substantial impact on the global sugar toppings market.
Furthermore, individuals' growing demand for convenience foods and ready-to-eat items is projected to have a significant impact on the sugar toppings business. In the developing world, increasing an individual's disposable income is projected to offer unexplored opportunities for market participants.
The global market for sugar toppings is being driven by factors such as increased demand for baked goods and sugar confectionery. The introduction of Dry-sugar toppings would improve the market's expansion chances. The demand for both organic and conventional sugar toppings will increase as a result.
Increased consumer consumption of confectionery items is projected to benefit the industry in the future years. Additionally, the marketing of beverage sauces and breakfast syrups will help the APAC region flourish. Organic powdered sugar toppings are anticipated to grow in popularity as health-conscious consumers become more aware of their options.
Sugar toppings are in high demand around the world, thanks to the rise of the retail sector, rising disposable income, and a growing trend of giving sugar confectionery items as gifts. Business growth is expected to be fueled by rapid urbanization and population increase.
The sugar toppings market has benefited from the fast-paced lifestyle and the increased demand for ready-to-eat food that has resulted. Consumers' increased interest in delicacies is expected to drive demand for both organic and conventional sugar toppings.
| Attribute | Details |
|---|---|
| Market Size Value in 2021 | USD 42,095.7 Million |
| Market Forecast Value in 2032 | USD 93,988.8 Million |
| Global Growth Rate | 8.4 % |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | MT for Volume and USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; Japan; APEJ and MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, EU5, Russia, Poland, China, ASEAN, Australia and New Zealand, Japan, GCC countries, Ethopia, North Africa, South Africa, others. |
| Key Market Segments Covered | Application, Type, Nature, Region |
| Key Companies Profiled | Hershey Company; The Kraft Heinz Company; The J.M. Smucker Company; W. T. Lynch Foods Ltd.; Baldwin Richardson Foods Co.; Pinnacle Foods Inc.; Monin Inc. |
| Pricing | Available upon Request |
The projected CAGR of the sugar toppings market by 2032 is 8.4%.
The projected market value of the global sugar toppings market for 2032 is USD 93,988.8 million.
Bakery and confectionery lead the sugar toppings market.
North America holds a significant share of the sugar toppings market.
The rising disposable income and increasing demand for bakery and confectionery products are expanding Asia Pacific’s market significantly.
| Estimated Size, 2024 | USD 61,318 million |
|---|---|
| Projected Size, 2034 | USD 86,011 million |
| Value-based CAGR (2024 to 2034) | 3.4% |
| Market Value (2023) | USD 3.31 billion |
|---|---|
| Market Expected Value (2033) | USD 4.59 billion |
| Market Projected CAGR (2023 to 2033) | 4.2% |
| Expected Market value in 2023 | USD 4.7 Billion |
|---|---|
| Projected Market Value in 2033 | USD 8.5 Billion |
| Growth Rate (2023 to 2033) | 6.1% |
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Sugar Toppings Market
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