About Sugar powder
The sugar powder is the finely pulverized white sugar with or without the mixture of an anticaking agent. The sugar powder is obtained in two forms which are white and brown sugar powder, it is widely used in confectionery products, beverages, bakery products, dairy products, and also in canned & frozen foods products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.3% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Sugar powder market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Incorporation (United States), Archer Daniels Midland (United States), Tate & Lyle Sugars (United Kingdom), Nordic Sugar A/S (Germany), Domino Foods, Inc. (United States), Raizen SA (Brazil), Sudzucker AG (Germany), Tereos (France), Taikoo Sugar Limited (Hong Kong), Nanning Sugar Industry Co. Ltd. (China) and COFCO International (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Sugar powder market by Type (White Sugar powder and Brown Sugar powder), Application (Confectionery, Bakery, Dairy, Beverage and Canned & Frozen Foods) and Region.
On the basis of geography, the market of Sugar powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Sugar powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Grocery Store will boost the Sugar powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Application of Sugar Powder in Canned & Frozen Foods
Market Growth Drivers:
Growing Demand for Confectionery Items Around the Globe and Increased Demand for the Sweet Bakery Product
Challenges:
Stiff Competition in the Sugar Powder Market
Restraints:
Increasing Number of Diabetic Patients and Shiting Preferences Towards Natural Sugar Consumption Due to Increased Health Consciousness
Opportunities:
Surging Production of Sugar in Various Region of the World Due to the Good Agriculture Infrastructure and Spendings
Market Leaders and their expansionary development strategies
In September 2021, Ferrero will pre-launch the new Ferrero Rocher Tablets in the travel-retail channel in collaboration with Lagardère. The new product from Ferrero enters the sugar tablet market in three flavours: milk, dark 55 percent cocoa, and white.
In January 2022, Cadbury, a Mondelez International brand, introduced the Twist Wrap packaging solution for its Duos range, allowing consumers to snack in small portions by twisting and sealing the package after consuming half of the sugar bar.
"According to CODEX Standards for sugars, the following anticaking agents are permitted for use in powdered sugar and powdered dextrose to a maximum level of 1.5% m/m singly or in combination, provided that starch is not present: Calcium phosphate, tribasic, Magnesium carbonate, Silicon dioxide, amorphous (dehydrated silica gel), Calcium silicate, Magnesium trisilicate, Sodium aluminosilicate, and calcium aluminosilicate."
Key Target Audience
Sugar Powder Manufacturers, Sugar Powder International Traders, Sugar Powder Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.