The Global Powdered Sugar Market size is expected to reach $10.2 billion by 2030, rising at a market growth of 5.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,853.8 kilo tonnes, experiencing a growth of 4.9% (2019-2022).
North America has a strong baking culture, with a long tradition of home baking, artisanal bakeries, and commercial bakeries. Thus, the North America region witnessed 34.6% share in the market in 2022. Also, North America would utilize 1,899.3 kilo tonnes of powdered sugar by 2030.The increasing e-commerce sector in Mexico is reshaping the market by offering new distribution channels, enhancing accessibility, providing convenience to consumers, and creating opportunities for manufacturers to adapt to changing consumer preferences and behavior.
Convenience foods such as baking mixes, pre-packaged desserts, and ready-to-eat baked goods often require it as a key ingredient for sweetening, frosting, and decorating. Consumers who choose convenience foods appreciate the ease and simplicity of preparing or consuming baked goods without extensive cooking or baking from scratch.
Additionally, real-term (constant 2019 prices) figures from the South African government show that the food and beverage industry's total income climbed by 14,9% in February 2023 compared to February 2022. Positive annual growth rates were recorded for bar sales (35,5%) and food sales (13,8%).
However, High sugar consumption has been strongly linked to the global obesity epidemic. Sugary foods and beverages, including those made with it, are often calorie-dense and provide little to no nutritional value. Excessive calorie intake from sugar can contribute to weight gain and obesity, which are risk factors for various chronic health conditions such as type 2 diabetes, heart disease, and certain cancers. Therefore, the above health concerns are impeding the growth of the market.
Based on product, the market is bifurcated into conventional and organic. The organic segment procured 235% revenue share in the market in 2022. In terms of volume, the organic segment would register 498.7 kilo tonnes in 2022. Increasing consumer awareness of health and wellness has led to a growing demand for organic food products perceived as healthier and more natural alternatives.
By Application Analysis
On the basis of application, the market is segmented into bakery, dairy, confectionery, and others. The bakery segment recorded 35.6% revenue share in the market in 2022. The expansion of the bakery sector leads to a diversification of product offerings, with bakeries introducing new and innovative baked goods to cater to evolving consumer preferences.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region generated 28.4% revenue share in the market. Many countries in the Asia Pacific region have rich culinary traditions and cultural celebrations that involve the consumption of sweet treats and desserts.
The market is fiercely competitive, characterized by the presence of major players like Cargill, Archer Daniels Midland Company, Tate & Lyle PLC, and Sudzucker AG. These companies vie for market share through various strategies, including innovation, product differentiation, and extensive distribution networks. Product quality is a paramount attribute, with consumers expecting finely processed it adhering to high standards.
List of Key Companies Profiled
- Sudzucker AG
- Tate & Lyle Plc.
- Louis Dreyfus Company B.V.
- Cargill, Incorporated
- Nordzucker AG (Nordzucker Holding AG)
- COFCO Corporation
- Associated British Foods PLC (Wittington Investments Limited)
- weikfield foods pvt. Ltd.
- American Crystal Sugar Company
- Whole Earth Brands, Inc.
Global Powdered Sugar Market Report Segmentation
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Bakery
- Dairy
- Confectionery
- Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Powdered Sugar Market, by Product
- 1.4.2Global Powdered Sugar Market, by Application
- 1.4.3Global Powdered Sugar Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Powdered Sugar Market by Product
- 4.1Global Conventional Market by Region
- 4.2Global Organic Market by Region
Chapter 5.Global Powdered Sugar Market by Application
- 5.1Global Bakery Market by Region
- 5.2Global Dairy Market by Region
- 5.3Global Confectionery Market by Region
- 5.4Global Others Market by Region
Chapter 6.Global Powdered Sugar Market by Region
- 6.1North America Powdered Sugar Market
- 6.1.1North America Powdered Sugar Market by Product
- 6.1.1.1North America Conventional Market by Country
- 6.1.1.2North America Organic Market by Country
- 6.1.2North America Powdered Sugar Market by Application
- 6.1.2.1North America Bakery Market by Country
- 6.1.2.2North America Dairy Market by Country
- 6.1.2.3North America Confectionery Market by Country
- 6.1.2.4North America Others Market by Country
- 6.1.3North America Powdered Sugar Market by Country
- 6.1.3.1US Powdered Sugar Market
- 6.1.3.1.1US Powdered Sugar Market by Product
- 6.1.3.1.2US Powdered Sugar Market by Application
- 6.1.3.2Canada Powdered Sugar Market
- 6.1.3.2.1Canada Powdered Sugar Market by Product
- 6.1.3.2.2Canada Powdered Sugar Market by Application
- 6.1.3.3Mexico Powdered Sugar Market
- 6.1.3.3.1Mexico Powdered Sugar Market by Product
- 6.1.3.3.2Mexico Powdered Sugar Market by Application
- 6.1.3.4Rest of North America Powdered Sugar Market
- 6.1.3.4.1Rest of North America Powdered Sugar Market by Product
- 6.1.3.4.2Rest of North America Powdered Sugar Market by Application
- 6.2Europe Powdered Sugar Market
- 6.2.1Europe Powdered Sugar Market by Product
- 6.2.1.1Europe Conventional Market by Country
- 6.2.1.2Europe Organic Market by Country
- 6.2.2Europe Powdered Sugar Market by Application
- 6.2.2.1Europe Bakery Market by Country
- 6.2.2.2Europe Dairy Market by Country
- 6.2.2.3Europe Confectionery Market by Country
- 6.2.2.4Europe Others Market by Country
- 6.2.3Europe Powdered Sugar Market by Country
- 6.2.3.1Germany Powdered Sugar Market
- 6.2.3.1.1Germany Powdered Sugar Market by Product
- 6.2.3.1.2Germany Powdered Sugar Market by Application
- 6.2.3.2UK Powdered Sugar Market
- 6.2.3.2.1UK Powdered Sugar Market by Product
- 6.2.3.2.2UK Powdered Sugar Market by Application
- 6.2.3.3France Powdered Sugar Market
- 6.2.3.3.1France Powdered Sugar Market by Product
- 6.2.3.3.2France Powdered Sugar Market by Application
- 6.2.3.4Russia Powdered Sugar Market
- 6.2.3.4.1Russia Powdered Sugar Market by Product
- 6.2.3.4.2Russia Powdered Sugar Market by Application
- 6.2.3.5Spain Powdered Sugar Market
- 6.2.3.5.1Spain Powdered Sugar Market by Product
- 6.2.3.5.2Spain Powdered Sugar Market by Application
- 6.2.3.6Italy Powdered Sugar Market
- 6.2.3.6.1Italy Powdered Sugar Market by Product
- 6.2.3.6.2Italy Powdered Sugar Market by Application
- 6.2.3.7Rest of Europe Powdered Sugar Market
- 6.2.3.7.1Rest of Europe Powdered Sugar Market by Product
- 6.2.3.7.2Rest of Europe Powdered Sugar Market by Application
- 6.3Asia Pacific Powdered Sugar Market
- 6.3.1Asia Pacific Powdered Sugar Market by Product
- 6.3.1.1Asia Pacific Conventional Market by Country
- 6.3.1.2Asia Pacific Organic Market by Country
- 6.3.2Asia Pacific Powdered Sugar Market by Application
- 6.3.2.1Asia Pacific Bakery Market by Country
- 6.3.2.2Asia Pacific Dairy Market by Country
- 6.3.2.3Asia Pacific Confectionery Market by Country
- 6.3.2.4Asia Pacific Others Market by Country
- 6.3.3Asia Pacific Powdered Sugar Market by Country
- 6.3.3.1China Powdered Sugar Market
- 6.3.3.1.1China Powdered Sugar Market by Product
- 6.3.3.1.2China Powdered Sugar Market by Application
- 6.3.3.2Japan Powdered Sugar Market
- 6.3.3.2.1Japan Powdered Sugar Market by Product
- 6.3.3.2.2Japan Powdered Sugar Market by Application
- 6.3.3.3India Powdered Sugar Market
- 6.3.3.3.1India Powdered Sugar Market by Product
- 6.3.3.3.2India Powdered Sugar Market by Application
- 6.3.3.4South Korea Powdered Sugar Market
- 6.3.3.4.1South Korea Powdered Sugar Market by Product
- 6.3.3.4.2South Korea Powdered Sugar Market by Application
- 6.3.3.5Australia Powdered Sugar Market
- 6.3.3.5.1Australia Powdered Sugar Market by Product
- 6.3.3.5.2Australia Powdered Sugar Market by Application
- 6.3.3.6Malaysia Powdered Sugar Market
- 6.3.3.6.1Malaysia Powdered Sugar Market by Product
- 6.3.3.6.2Malaysia Powdered Sugar Market by Application
- 6.3.3.7Rest of Asia Pacific Powdered Sugar Market
- 6.3.3.7.1Rest of Asia Pacific Powdered Sugar Market by Product
- 6.3.3.7.2Rest of Asia Pacific Powdered Sugar Market by Application
- 6.4LAMEA Powdered Sugar Market
- 6.4.1LAMEA Powdered Sugar Market by Product
- 6.4.1.1LAMEA Conventional Market by Country
- 6.4.1.2LAMEA Organic Market by Country
- 6.4.2LAMEA Powdered Sugar Market by Application
- 6.4.2.1LAMEA Bakery Market by Country
- 6.4.2.2LAMEA Dairy Market by Country
- 6.4.2.3LAMEA Confectionery Market by Country
- 6.4.2.4LAMEA Others Market by Country
- 6.4.3LAMEA Powdered Sugar Market by Country
- 6.4.3.1Brazil Powdered Sugar Market
- 6.4.3.1.1Brazil Powdered Sugar Market by Product
- 6.4.3.1.2Brazil Powdered Sugar Market by Application
- 6.4.3.2Argentina Powdered Sugar Market
- 6.4.3.2.1Argentina Powdered Sugar Market by Product
- 6.4.3.2.2Argentina Powdered Sugar Market by Application
- 6.4.3.3UAE Powdered Sugar Market
- 6.4.3.3.1UAE Powdered Sugar Market by Product
- 6.4.3.3.2UAE Powdered Sugar Market by Application
- 6.4.3.4Saudi Arabia Powdered Sugar Market
- 6.4.3.4.1Saudi Arabia Powdered Sugar Market by Product
- 6.4.3.4.2Saudi Arabia Powdered Sugar Market by Application
- 6.4.3.5South Africa Powdered Sugar Market
- 6.4.3.5.1South Africa Powdered Sugar Market by Product
- 6.4.3.5.2South Africa Powdered Sugar Market by Application
- 6.4.3.6Nigeria Powdered Sugar Market
- 6.4.3.6.1Nigeria Powdered Sugar Market by Product
- 6.4.3.6.2Nigeria Powdered Sugar Market by Application
- 6.4.3.7Rest of LAMEA Powdered Sugar Market
- 6.4.3.7.1Rest of LAMEA Powdered Sugar Market by Product
- 6.4.3.7.2Rest of LAMEA Powdered Sugar Market by Application
Chapter 7.Company Profiles
- 7.1Sudzucker AG
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Segmental and Regional Analysis
- 7.1.4Research & Development Expenses
- 7.1.5SWOT Analysis
- 7.2Tate & Lyle PLC
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Segmental & Regional Analysis
- 7.2.4Research & Development Expense
- 7.2.5SWOT Analysis
- 7.3Louis Dreyfus Company B.V.
- 7.3.1Company Overview
- 7.3.2Financial Analysis
- 7.3.3Segmental and Regional Analysis
- 7.5Nordzucker AG (Nordzucker Holding AG)
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental Analysis
- 7.5.4Research & Development Expenses
- 7.5.5SWOT Analysis
- 7.6COFCO Corporation
- 7.6.1Company Overview
- 7.6.2SWOT Analysis
- 7.7Associated British Foods PLC (Wittington Investments Limited)
- 7.7.1Company Overview
- 7.7.2Financial Analysis
- 7.7.3Segmental and Regional Analysis
- 7.7.4Research & Development Expense
- 7.7.5SWOT Analysis
- 7.8Weikfield foods pvt. Ltd.
- 7.9American Crystal Sugar Company
- 7.9.1Company Overview
- 7.9.2SWOT Analysis
- 7.10.Whole Earth Brands, Inc.
- 7.10.1Company Overview
- 7.10.2Financial Analysis
- 7.10.3Segmental and Regional Analysis
- 7.10.4Research & Development Expenses
- 7.10.5SWOT Analysis
Chapter 8.Winning Imperatives for Powdered Sugar Market