The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s Powdered Sugar Global Market Report 2023 offers crucial insights into the powdered sugar market help businesses analyse and build stronger strategies.

1. Introduction

The global powdered sugar market is gearing up for substantial growth, with expectations to rise from $5.55 billion in 2022 to $5.84 billion in 2023, showcasing a robust compound annual growth rate (CAGR) of 5.3%. Looking ahead, the market is forecasted to reach $6.86 billion by 2027, boasting a CAGR of 4.1%.

2. Driving Force: Increasing Demand for Dairy Food

• Powdered sugar plays a pivotal role in enhancing the appeal of dairy and bakery products.
• Offers a pleasing texture, fluffier form, and delectable flavor to a variety of dairy-based products.
• The global demand for powdered sugar is propelled by the surge in dairy consumption.
• A notable example includes the 2.0% increase in worldwide milk production to 906 million tonnes in 2020, as reported by the Food and Agriculture Organization (FAO).

3. Key Players in the Powdered Sugar Market

• Südzucker AG, Tate & Lyle Sugars, Cargill Incorporated, Nordic Sugar A/S, and others dominate the market.
• These major players contribute significantly to shaping the dynamics of the powdered sugar industry globally.

4. Emerging Trend: Technological Innovations

• Technological innovations are at the forefront of the powdered sugar market’s evolution.
• Cargill, in March 2022, introduced the EverSweet + ClearFlo Stevia Platform, incorporating stevia-enhancing clearflo technology.
• This innovation improves flavor, solubility, formulation stability, and dissolution speed, providing a sugar-like sensation.
• The sweetening process also addresses unpleasant flavors in formulations, enhancing overall product quality.

5. Market Segmentation

The global powdered sugar market is segmented based on:

1. Type:Conventional, Organic
2. Form:Extra Fine, Coarse-Grained, Decoration, Other Forms
3. Application:Confectionary, Bakery, Dairy, Beverages, Other Applications
4. Distribution Channel:Direct, Indirect
5. Regional Dynamics

• North America:Led the powdered sugar market in 2022, reflecting a significant market share.
• Asia-Pacific:Expected to witness the fastest growth in the forecast period, emphasizing the global nature of powdered sugar consumption.

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https://www.thebusinessresearchcompany.com/report/powdered-sugar-global-market-report

The Powdered Sugar Global Market Report 2023  provides a comprehensive outlook of the powdered sugar market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The powdered sugar market forecast offers a thorough analysis on powdered sugar market size, powdered sugar market share, prominent players and their strategies.

The Table Of Content For The Powdered Sugar Market Include:
1. Powdered Sugar Market Executive Summary
2. Powdered Sugar Market Segments
3. Powdered Sugar Market Size And Powdered Sugar Market Growth Rate
4. Key Powdered Sugar Market Trends
5. Major Powdered Sugar Market Drivers
……
25. Key Mergers And Acquisitions In The Powdered Sugar Market
26. Top Powdered Sugar Companies
27. Powdered Sugar Market Opportunities And Strategies
28. Powdered Sugar Market, Conclusions And Recommendations
29. Appendix

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