The Global Sugar Toppings Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Sugar Toppings Market is estimated to be 5.25 USD billion and predicted to rise to 7.08 USD billion with a CAGR of 6.15%. The market is segmented by Type (Dry Sugar Toppings, Wet Sugar Toppings), by Channel (Industrial, Grocery, Foodservice). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market for Sugar Toppings 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.
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.
North America is the biggest market in terms of market share across the globe, followed by Europe. Sugar Toppings demand in the Europe region is primarily driven by bakers and confectioners. 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
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 Global Sugar Toppings market.
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