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Asia Pacific Sugar Toppings Market By Type (Dry Sugar Toppings, Wet Sugar Toppings), By Channel (Industrial, Grocery, Foodservice), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: January, 2022
ID: 1213
Pages: 135

Asia Pacific Sugar Toppings Market Growth and Forecast (2022 - 2027):

The Asia Pacific Sugar Toppings Market has been estimated at USD 1.31 Billion in 2021 and is projected to reach USD 1.91 Billion by 2026, at a CAGR of 7.92% during the forecast period from 2021 to 2026.  

Market Overview:

Toppings are mainly used by confectioners in the making of various confectionaries and other bakery items both as an ingredient and as a decorative item. It mainly consists of icing sugar, which is a finely ground sugar made by milling normal granulated sugar into a powdered state. It usually contains a small amount of anti-caking agent, to prevent clumping and improve flow. It is often lightly dusted onto baked goods to add a light sweetness and subtle decoration.

Drivers and Restraints:

The market for sugar toppings in Asia Pacific region is mainly driven due to increasing demand for confectionery ingredients containing sugar toppings in diverse industries, along with other factors like rising disposable income and growing retail market. But, the market growth can be hampered due to factors like raising health awareness among consumers due to which consumers are avoiding sugar products fearing diabetes and obesity.

Asia Pacific Sugar Toppings Market Segmentation Analysis:

Asia Pacific market for Sugar Toppings is segmented based on type and application. By type, the market is further sub-segmented into Dry Sugar Toppings (Dried Icing Sugar, Sprinkles, Flavored Sugars, Moisture Resistant Icing Sugar), and Wet Sugar Toppings (Beverage Sauces, Breakfast Syrups). By Channel, the market is further sub-segmented into Industrial, Grocery, Food service. Wet sugar toppings is the largest type segment in the sugar toppings market. The high growth of this segment is mainly attributed to the increasing demand of sugar toppings in hot and cold beverages. Industrial channel segment is the largest channel segment in the sugar toppings market. This large share is primarily due to growth in demand from bakeries.

Region Analysis:

Geographically, Asia Pacific market for Sugar Toppings is segmented into China, India, Japan, South Korea and Australia. The sugar toppings market in the Asia-Pacific region is projected to grow at the highest CAGR, due to the increased consumption of hot & cold beverages in the region, along with growing demand for confectionaries, such as cakes and cupcakes in the emerging economies like China and India.

Key Players in the Market:

Major key players in the Asia Pacific Sugar Toppings Market are

J.M. Smucker Company, The Hershey Company, Pinnacle Foods, Inc., The Kraft Heinz Company, Baldwin Richardson Foods Company, Monin Incorporated, R. Torre & Company, Inc., W.T. Lynch Foods Ltd., Ghirardelli Chocolate Company, CK Products LLC, Quaker Oats Company, Regal Food Products Group Plc., are the major players of Asia-Pacific Sugar Toppings market.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments                

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 By Type                        

                                5.1.1 Dry Sugar Toppings             

                                                5.1.1.1 Dried Icing Sugar

                                                5.1.1.2 Sprinkles

                                                5.1.1.3 Flavored Sugars

                                                5.1.1.4 Moisture Resistant Icing Sugar

                                5.1.2 Wet Sugar Toppings            

                                                5.1.2.1 Beverage Sauces

                                                5.1.2.2 Breakfast Syrups

                5.2 By Channel                 

                                5.2.1 Industrial 

                                5.2.2 Grocery    

                                5.3.3 Foodservice           

6. Geographical Analysis                                              

                6.3 Asia-Pacific                 

                                6.1 Introduction              

                                6.2 China            

                                6.3 India              

                                6.4 Japan            

                                6.5 South Korea

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 J.M. Smucker Company                         

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues            

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 The Hershey Company                          

                8.3 Pinnacle Foods, Inc.                

                8.4 The Kraft Heinz Company                     

                8.5 Baldwin Richardson Foods Company                               

                8.6 Monin Incorporated                               

                8.7 R. Torre & Company, Inc.                      

                8.8 Quaker Oats Company                          

                8.9 W.T. Lynch Foods Ltd.                            

                8.10 Regal Food Products Group Plc                        

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Asia-Pacific Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  2. Asia-Pacific Sugar Toppings Market By Type, From 2022 - 2027 (USD Billion)
  3. Asia-Pacific Dry Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  4. Asia-Pacific Dried Icing Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  5. Asia-Pacific Sprinkles Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  6. Asia-Pacific Flavored Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  7. Asia-Pacific Moisture Resistant Icing Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  8. Asia-Pacific Wet Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  9. Asia-Pacific Beverage Sauces Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  10. Asia-Pacific Breakfast Syrups Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  11. Asia-Pacific Sugar Toppings Market By Channel, From 2022 - 2027 (USD Billion)
  12. Asia-Pacific Industrial Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  13. Asia-Pacific Grocery Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  14. Asia-Pacific Foodservice Sugar Toppings Market By Region, From 2022 - 2027 (USD Billion)
  15. China Sugar Toppings Market By Type, From 2022 - 2027 (USD Billion)
  16. China Dry Sugar Toppings Market By Dry Sugar Toppings, From 2022 - 2027 (USD Billion)
  17. China Wet Sugar Toppings Market By Wet Sugar Toppings, From 2022 - 2027 (USD Billion)
  18. China Sugar Toppings Market By Channel, From 2022 - 2027 (USD Billion)
  19. India Sugar Toppings Market By Type, From 2022 - 2027 (USD Billion)
  20. India Dry Sugar Toppings Market By Dry Sugar Toppings, From 2022 - 2027 (USD Billion)
  21. India Wet Sugar Toppings Market By Wet Sugar Toppings, From 2022 - 2027 (USD Billion)
  22. India Sugar Toppings Market By Channel, From 2022 - 2027 (USD Billion)
  23. Japan Sugar Toppings Market By Type, From 2022 - 2027 (USD Billion)
  24. Japan Dry Sugar Toppings Market By Dry Sugar Toppings, From 2022 - 2027 (USD Billion)
  25. Japan Wet Sugar Toppings Market By Wet Sugar Toppings, From 2022 - 2027 (USD Billion)
  26. Japan Sugar Toppings Market By Channel, From 2022 - 2027 (USD Billion)
  27. South Korea Sugar Toppings Market By Type, From 2022 - 2027 (USD Billion)
  28. South Korea Dry Sugar Toppings Market By Dry Sugar Toppings, From 2022 - 2027 (USD Billion)
  29. South Korea Wet Sugar Toppings Market By Wet Sugar Toppings, From 2022 - 2027 (USD Billion)
  30. South Korea Sugar Toppings Market By Channel, From 2022 - 2027 (USD Billion)
  31. Australia Sugar Toppings Market By Type, From 2022 - 2027 (USD Billion)
  32. Australia Dry Sugar Toppings Market By Dry Sugar Toppings, From 2022 - 2027 (USD Billion)
  33. Australia Wet Sugar Toppings Market By Wet Sugar Toppings, From 2022 - 2027 (USD Billion)
  34. Australia Sugar Toppings Market By Channel, From 2022 - 2027 (USD Billion)

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