Powdered Sugar Market Driven By Increasing Consumption Of Bakery And Confectionery Food Products

The global powdered sugar market size is expected to reach USD 7.49 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to register a CAGR of 4.2% from 2019 to 2025. Increasing consumption of bakery and confectionery food products is the key factor driving the market.

Powdered sugar has many applications in bakery products, such as brownies, pound cakes, muffins, cookies, and donuts. Conventional product type was the largest segment in 2018 and accounted for a share of more than 73%. Conventional product is produced from sugarcane or sugar beets. Thus, easy production process and relatively low prices are estimated to drive their demand, thereby supporting segment growth.

However, conventional powdered sugars undergo refining process to remove the molasses that also strips down the vitamins and minerals. This may have a slightly negative impact on its demand. Bakery was the largest application segment in 2018 and will remain dominant even during the forecast period due to extensive product usage in the production various bakery products.

Full Research Report On Powdered Sugar Market Visit Here: https://www.grandviewresearch.com/industry-analysis/powdered-sugar-market

Further key findings from the report suggest:

• Organic product type is projected to ascend at the fastest CAGR of 4.7% over the forecast years
• Bakery application led the global powdered sugar market in 2018 accounting for a revenue share of more than 33%
• North America was the dominant regional market in 2018 and is projected to expand further at a steady CAGR from 2019 to 2025
• The industry is highly competitive in nature. Key companies include Südzucker United Kingdom Ltd.; Tate & Lyle Sugars; Cargill, Inc.; Imperial Sugar; Nordic Sugar A/S; and American Crystal Sugar Company

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Grand View Research has segmented the global powdered sugar market on the basis of product, application, and region:

Powdered Sugar Product Outlook (Revenue, USD Million, 2015 - 2025)

• Conventional
• Organic

Powdered Sugar Application Outlook (Revenue, USD Million, 2015 - 2025)

• Bakery
• Confectionery
• Dairy
• Others

Powdered Sugar Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Europe
• U.K.
• Germany
• Asia Pacific
• India
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com