The Sugar Toppings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s esteemed Sugar Toppings Global Market Report of 2024, the robust trajectory of the sugar toppings market’s expansion is noteworthy. From a commendable $15.44 billion in 2024, the market is poised to ascend to $16.84 billion in the same year, registering a noteworthy Compound Annual Growth Rate (CAGR) of 9.1%. This upward momentum during the historical period can be attributed to the burgeoning bakery and confectionery industry, a discernible consumer penchant for sweet flavors, dynamic innovations in food decoration, and the burgeoning popularity of convenient, ready-to-use products, coupled with the expansion of retail and foodservice domains.
Anticipating a continued ascent, the sugar toppings market size is projected to burgeon to $23.06 billion by 2028, driven by a substantial CAGR of 8.2%. The growth in this forecasted epoch can be attributed to the discerning choices of health-conscious consumers, a surging demand for clean label and natural ingredients, a rich tapestry of global culinary diversity, the pervasive influence of e-commerce and online platforms, and a growing emphasis on functional ingredients and nutritional enhancement. Noteworthy trends in this forecasted period encompass an emphasis on flavor innovation and variety, a pervasive shift towards clean label and natural ingredients, an upsurge in health-conscious alternatives, a focus on texture and format innovation, and a proliferation of packaging innovations catering to heightened consumer convenience.
Increasing demand for baked goods is expected to propel the growth of the sugar toppings market going forward. Baked goods refer to a product made from a dough or batter that is baked. Sugar toppings are used to flavor and brighten baked foods such as cakes, cookies, and desserts. For instance, according to the government of Canada, the body responsible for the federal administration of Canada, the retail sales of baked goods are anticipated to rise at a CAGR of 2.2% from 2022 to 2026, reaching US$75.8 billion in 2026. Therefore, the increasing demand for baked goods is driving the sugar toppings market.
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The sugar toppings market covered in this report is segmented –
1) By Type: Dry, Wet
2) By Nature: Organic, Conventional
3) By Application: Bakery, Confectionery, Dairy, Ready-To-Eat Snacks, Convenience Food, Packaged Food
4) By Sales Channel: Retail, Groceries, Industrial, Food Services
Top 5 Major Players:
- The Hershey Company
- The Kraft Heinz Company
- The J.M. Smucker Company
- W. T. Lynch Foods Ltd
- Baldwin Richardson Foods Co
In the realm of technological advancements, the surgical robot market is experiencing a pivotal shift. Notably, major players in the surgical robot sector are ardently committed to pioneering new technologies that not only enhance patient outcomes but also fortify their market standing. A case in point is the laudable initiative by Smith+Nephew, a UK-based medical equipment manufacturing behemoth. In November 2021, the company introduced CORI handheld robotics, a turn-key robotic-assisted surgical system tailored for both total and partial knee arthroplasties. Distinguished by its 3-D intra-operative imaging system and robotic sculpting tool, CORI empowers surgeons to meticulously measure, plan, and execute knee surgeries with precision. This compact and fully mobile solution boasts minimal setup time, facilitating seamless mobility between theaters and optimizing the patient flow within surgical units.
1. Executive Summary
2. Sugar Toppings Market Characteristics
3. Sugar Toppings Market Trends And Strategies
4. Sugar Toppings Market – Macro Economic Scenario
5. Global Sugar Toppings Market Size and Growth
….
31. Global Sugar Toppings Market Competitive Benchmarking
32. Global Sugar Toppings Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sugar Toppings Market
34. Sugar Toppings Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Sugar Toppings Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Sugar Toppings Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Sugar Toppings Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: The Hershey Company Financial Performance
Table 76: The Kraft Heinz Company Financial Performance
Table 77: The J.M. Smucker Company Financial Performance
Table 78: W. T. Lynch Foods Ltd. Financial Performance
Table 79: Baldwin Richardson Foods Co. Financial Performance
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