The North America Sugar Toppings Market has been estimated at USD 1.95 Billion in 2021 and is projected to reach USD 2.54 Billion by 2026, at a CAGR of 5.40% during the forecast period from 2021 to 2026.
Sugar toppings are used in confectionaries in a variety of forms. They are used as icing on cakes and cupcakes and as sprinkles to improve the appearance of cakes. Sugar decorations are useful in Decorating cupcakes and cakes. They are in a very high demand in the regions where there are many bakery and confectionery outlets.
The market for Sugar Toppings in North America is mainly driven due to rising disposable income, growing retail market, increasing trend of gifting confectionery items with sugar toppings, and increasing urbanization and hectic lifestyles. But, the market growth can be constrained due to substitution for other snacks due to negative health perceptions.
North America 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.
Geographically the North America Sugar Toppings Market is segmented into US, Canada, Mexico and Rest of North America. North America is the biggest market in terms of market share across the globe. It is a lucrative market for confectionaries, beverages, and other processed food products. The consumption of sugar toppings in this region is considerably high, though, the market in this region is said to hit saturation due to its huge size and very less chances of penetration.
Key Players in the Market:
Major Key Players in the North America Sugar Toppings Market are
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
6.1 Introduction
6.2 United States
6.3 Canada
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
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Apr 2021
