Sugar Toppings Global Market Report 2024

Description

Sugar toppings are carbohydrates employed in food to add sweetness. They're finely ground or crushed sugar in powdered form, utilized as garnishes. These toppings are often enriched with various ingredients like seasonings, butter, cream cheese, or egg whites, and are commonly used in cakes, chewing gum, sugar confectionery, and chocolates.

The main types of sugar toppings are dry and wet. These are of organic and conventional nature and are used for several applications, including bakery, confectionery, dairy, Ready-To-Eat snacks, convenience food, packaged foods, and are sold through various sales channels, including retail, groceries, industrial, and food services.

The sugar toppings market research report is one of a series of new reports from The Business Research Company that provides sugar toppings market statistics, including sugar toppings industry global market size, regional shares, competitors with a sugar toppings market share, detailed sugar toppings market segments, market trends and opportunities, and any further data you may need to thrive in the sugar toppings industry. This sugar toppings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sugar toppings market size has grown strongly in recent years. It will grow from $15.44 billion in 2023 to $16.84 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth observed in the historic period can be attributed to several factors including the expansion of the bakery and confectionery industry, consumer preferences favoring sweet flavors, innovations in food decoration techniques, the popularity of convenient and ready-to-use products, and the continual expansion of retail and foodservice sectors.

The sugar toppings market size is expected to see strongly grown in the next few years. It will grow to $23.06 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. Anticipated growth in the forecast period is expected to stem from health-conscious consumer preferences, the demand for clean label and natural ingredients, global culinary diversity, the rise of e-commerce and online platforms, and the emphasis on functional ingredients for nutritional enhancement. Key trends projected for this period encompass innovation and variety in flavors, continued emphasis on clean label and natural ingredients, the popularity of health-conscious alternatives, advancements in texture and format innovation, and packaging innovations geared towards convenience.

The sugar toppings market is poised for growth, driven by the escalating demand for baked goods. These toppings, used to enhance the flavor and appearance of baked foods like cakes, cookies, and desserts, are expected to ride the wave of increasing retail sales of baked goods. According to the Canadian government, the retail sales of baked goods are projected to experience a 2.2% compound annual growth rate (CAGR) from 2022 to 2026, reaching an estimated value of US$75.8 billion by 2026. This upsurge in baked goods consumption directly fuels the demand for sugar toppings.

The surge in demand for processed food and beverages serves as a significant driver for the sugar toppings market. The consumption of processed food and beverages, driven by factors like convenience, evolving lifestyles, and affordability, has witnessed substantial growth. Sweetening components like sugar toppings play a crucial role in these products, enhancing taste, texture, and shelf life. Notably, data from the United States Department of Agriculture revealed a notable increase in the total value of US processed food exports, soaring to $38 billion in 2022 from $34.24 billion in 2021. This escalating utilization of processed food and beverages directly influences the growth trajectory of the sugar toppings market.

Innovation remains a key trend in shaping the sugar toppings market landscape. Leading companies in this sector are actively developing novel products to cater to evolving consumer preferences. For instance, Conagra Brands, Inc., in October 2021, introduced Reddi-whip Zero Sugar Whipped Topping-a keto-friendly whipped topping made from real cream, boasting zero grams of sugar, zero carbs, and a mere 15 calories per serving. This gluten-free product addresses the growing demand for healthier and low-sugar options in the market.

Major players in the sugar toppings market are investing in organic product development to maintain their competitive edge. Inspired by nature, these offerings blend coconut flower sugar-a sweetener derived from coconut palm flowers-with organic chocolates. Herza Chocolate GmbH & Co. KG introduced these organic chocolates in February 2021, harnessing the unique malty taste reminiscent of caramel from coconut sugar. With a blend of eight distinctive chocolate flavors, these products present consumers with a subtle yet delightful taste experience, emphasizing a harmonious fusion of coconut sugar and chocolate.

In May 2021, Cargill, a US-based company that primarily deals in food and agribusiness, acquired Leman Decoration group for an undisclosed amount. The acquisition greatly expands Cargill's decorating options, allowing the cocoa and chocolate division of the corporation to better serve upscale consumers in Europe and other parts of the world. Leman Decoration Group is a Belgium-based company that manufactures inspiring cake decorations in chocolate, sugar, and marzipan.

Major companies operating in the sugar toppings market report are The 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., R.Torre & Company Inc., Sudzucker AG, Coansa SA Industries & Comercio, Paulaur Corporation, British Sugar PLC, Tereos International, Mitr Phol Group, Watson Incorporated, Quaker Oats Company, Regal Food Products Group PLC, Girardelli Chocolate Company, CK Products LLC, Cargill Inc., Tate & Lyle PLC, Ingredion Inc., Ajinomoto Co. Inc., Kerry Group, Domino Sugar Corporation, Imperial Sugar Company, Zydus Wellness Ltd., Nordic Sugar A/S, Shree Renuka Sugars Ltd., Bannari Amman Sugars Limited

Europe was the largest region in the sugar toppings market in 2023. The regions covered in the sugar toppings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the sugar toppings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The sugar toppings market consists of sales of granulated sugar, confectioners' sugar, fruit sugar, baker's special sugar, superfine sugar, cane sugar, coarse sugar, and sanding sugar. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Sugar Toppings Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on sugar toppings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
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Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for sugar toppings? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The sugar toppings market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Dry; Wet
2) By Nature: Organic; Conventional
3) By Application: Bakery; Confectionery; Dairy; Ready-To-Eat Snacks; Convenience Food; Packaged Food
4) By Sales Channel: Retail; Groceries; Industrial; Food Services
Companies Mentioned: The Hershey Company; The Kraft Heinz Company; The J.M. Smucker Company; W. T. Lynch Foods Ltd.; Baldwin Richardson Foods Co.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r13280

1. Executive Summary

2. Sugar Toppings Market Characteristics

3. Sugar Toppings Market Trends And Strategies

4. Sugar Toppings Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Sugar Toppings Market Size and Growth

5.1. Global Sugar Toppings Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Sugar Toppings Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Sugar Toppings Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Sugar Toppings Market Segmentation

6.1. Global Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Dry
Wet
6.2. Global Sugar Toppings Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Organic
Conventional
6.3. Global Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Retail
Groceries
Industrial
Food Services
6.4. Global Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Bakery
Confectionery
Dairy
Ready-To-Eat Snacks
Convenience Food
Packaged Food

7. Sugar Toppings Market Regional And Country Analysis

7.1. Global Sugar Toppings Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Sugar Toppings Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Sugar Toppings Market

8.1. Asia-Pacific Sugar Toppings Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Sugar Toppings Market

9.1. China Sugar Toppings Market Overview
9.2. China Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Sugar Toppings Market

10.1. India Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Sugar Toppings Market

11.1. Japan Sugar Toppings Market Overview
11.2. Japan Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Sugar Toppings Market

12.1. Australia Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Sugar Toppings Market

13.1. Indonesia Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Sugar Toppings Market

14.1. South Korea Sugar Toppings Market Overview
14.2. South Korea Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Sugar Toppings Market

15.1. Western Europe Sugar Toppings Market Overview
15.2. Western Europe Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Sugar Toppings Market

16.1. UK Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Sugar Toppings Market

17.1. Germany Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Sugar Toppings Market

18.1. France Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Sugar Toppings Market

19.1. Italy Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Sugar Toppings Market

20.1. Spain Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Sugar Toppings Market

21.1. Eastern Europe Sugar Toppings Market Overview
21.2. Eastern Europe Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Sugar Toppings Market

22.1. Russia Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Sugar Toppings Market

23.1. North America Sugar Toppings Market Overview
23.2. North America Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Sugar Toppings Market

24.1. USA Sugar Toppings Market Overview
24.2. USA Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Sugar Toppings Market

25.1. Canada Sugar Toppings Market Overview
25.2. Canada Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Sugar Toppings Market

26.1. South America Sugar Toppings Market Overview
26.2. South America Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Sugar Toppings Market

27.1. Brazil Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Sugar Toppings Market

28.1. Middle East Sugar Toppings Market Overview
28.2. Middle East Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Sugar Toppings Market

29.1. Africa Sugar Toppings Market Overview
29.2. Africa Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Sugar Toppings Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Sugar Toppings Market Competitive Landscape And Company Profiles

30.1. Sugar Toppings Market Competitive Landscape
30.2. Sugar Toppings Market Company Profiles
- 30.2.1. The Hershey Company
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. The Kraft Heinz Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. The J.M. Smucker Company
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. W. T. Lynch Foods Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Baldwin Richardson Foods Co.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Sugar Toppings Market Competitive Benchmarking

32. Global Sugar Toppings Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Sugar Toppings Market

34. Sugar Toppings Market Future Outlook and Potential Analysis

34.1 Sugar Toppings Market In 2028 - Countries Offering Most New Opportunities
34.2 Sugar Toppings Market In 2028 - Segments Offering Most New Opportunities
34.3 Sugar Toppings Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer