Sugar Toppings Market Overview
Sugar Toppings are used as a garnish or as an ingredient in confectionaries and bakery products in order to appreciate the taste and to heighten the visuals. It is commonly made from freshly grained sugar which is finely crushed and converted into powdered form. Several other types of sugar such as granulated, pearl, light beam, dark beam, cane and confectionaries sugar are also used as sugar toppings. Sugar Toppings are mainly used to decorate and brighten baked goods cakes and others with their flavor and toppings. It is also used in various industries for manufacturing sweetened products such as chewing gums, chocolate, sugar confectionaries and in other industries.
Sugar Toppings Market Dynamics
The sugar toppings market is burgeoning at a generous pace globally due to the growing retail market, increasing disposable earnings and due to the rising trend towards gifting confectionaries items. Accelerating urbanization and exponential growth in the population is anticipating to drive the market.
With the heightened awareness of rising obesity worldwide due to the consumption of sugar added food and beverages, the demand for food with added sugar toppings is on the decline in the developed economies such as United States, Canada, Denmark and the Netherlands . This factor becomes the only negative aspect for the sugar toppings market.
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Sugar Toppings Market Segmentation
The global Sugar Toppings market can be largely segmented on the basis of Type, Application Sales Channels and Region.
On the basis of Type, the Sugar Toppings market can be classified as:
- Beverage Sauces
- Breakfast Syrup
- Flavored sugars
- Dried icing sugar
- Moisture resistant icing sugar
- Colored Sugars
- Natural Colored Sugars
- Confectionary Shapes
- Candy Coated Chocolate Chips
On the basis of Sales Channel, the Sugar Toppings market can be classified into:
- Retail Market
- Food Service
On the basis of Region, the Sugar Toppings Market can be segmented into:
- North America
- Asia Pacific
- Central and South America
- Middle East & Africa
Sugar Toppings Market Regional Overview
The global sugar toppings market is dominated by the major sugar producing countries. Brazil controls most of the global sugar toppings market paying USD $ 2.5 Billion per year in several subsidiaries for its sugar toppings industry. The Sugar Toppings industry in the United States is convoluted due to their price supports, domestic marketing allotments and tariff rate quotas for the general sugar processing. The United States government uses duty to keep the US household price of natural sugar 90% higher than the world market price costing American consumers $3.6 billion per year. Such government persuaded factors are interrupting with the growth for the sugar toppings market in the United States. The European Union is a leading producer of beet sugar mostly in the northern half of Europe. The most competitive producing areas are in Northern France, Germany, United Kingdom and Poland. Such regions are witnessing a surge in sugar toppings demand and supply chains. Growing Asiatic countries with their diverse production systems and consumption patterns produce around 40% of the total sugar produced in the world. Countries such as India, China, Bangladesh, Sri Lanka, Pakistan and also the South East Asian countries such as Thailand, Vietnam, Indonesia, and the Philippines
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Sugar Toppings Market Key Players
Some of the major players in the global Sugar Toppings market are Sudzucker AG, Coansa SA Industries & Comercio, Paulaur Corporation, British Sugar PLC, Tereos International, Mitr Phol Group, Watson Incorporated, Nordzucker GmbH, Louis Dreyfus, AB Sugar, Wilmar International Limited, Thai Roong Ruang Sugar Group, Turkiye Seker Fabrikalari and Sugar Creek.