Global Sugar Toppings Market
The global Sugar Toppings market was valued at USD 5.23 billion in 2016 and is projected to reach USD 8.68 billion by 2025, growing at a CAGR of 5.80% from 2017 to 2025.
Sugar Toppings market is expected to grow rapidly owing to growing demand in end use applications. The wet topping segment is the fastest growing product segment in the market. The industrial channel is the major contributor to the sales of sugar toppings globally.
1. Market Drivers
1.1 Growing consumer demand for flavor variety
1.2 Increasing consumer preference towards convenience foods & ready-to-eat products
2. Market Restraints
2.1 Health- issues associated with the consumption of sugar-based syrups
2.2 Adverse health effects of synthetic additives used in Sugar Toppings
The global Sugar Toppings market is segmented on the type, channel, and region.
1. By Type:
1.1.2 Dried Icing Sugar
1.1.3 Moisture Resistant Icing Sugar
1.2.1 Breakfast Syrups
1.2.2 Beverage Sauces
2. By Channel:
2.2 Food Service
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. The J.M. Smucker Company
2. The Hershey Company
3. Pinnacle Foods Inc.
4. The Kraft Heinz Company
5. Baldwin Richardson Foods Co.
6. Monin Inc.
7. R. Torre and Company Inc.
8. W.T. Lynch Foods Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Sugar Toppings market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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