Global Sugar Toppings Market is projected to grow at a rapid pace, recoding a lucrative CAGR during the forecast period 2023-2027. The major factors propelling the growth of the market are rising disposable income, flourishing food business, growing consumption of confectionery products and growing demand for flavoured sugar. Sugar is quick and easily available source of energy for the body. Sugar toppings are available in several shapes and sizes in confectioneries and are utilized as icing on cupcakes, sprinkles on cakes, etc. the market is further catalysed by the high candy consumption among the children and young adults, owing to their need for sugar for energy as well as taste. In addition, the expanding confectionery sector owing to the increase in number of high-end bakeries and sweet shops. Moreover, the easy availability of candy bars, chocolates, and cereal bars, all of which contains sugar on online retail channels is supplementing the market growth. Online retail channels offer the consumer a wide range of options to choose from, facilities doorstep delivery and provides lucrative cashbacks and discounts. Apart form this, as the number of people going through ailments such as obesity, sugar, diabetes, and hyperglycaemia are increasingly demanding products with low-sugar toppings. For this, the manufacturers are also producing low-sugar toppings, hence expanding the growth opportunities.
The global sugar toppings market is segmented on the basis of type, channel, competitive landscape, and regional distribution. Based on the type the market is bifurcated into sugar toppings and wet sugar topping. By channel, the market is fragmented into industrial, grocery, and foodservice. Among these, the grocery segment is anticipated to hold a prominent market share in the coming years. This is primarily because grocery stores are easily accessible to people and offers a wide range of sugar products such as chocolates, cereal bars, cakes etc, all of which has sugar. The market analysis also studies the regional segmentation, divided among North America, Europe & CIS, Asia Pacific, Middle east and Africa, South America.
Some of the leading players in the Global Sugar Toppings Market are Pinnacle Foods, Inc., The Hershey Company, Baldwin Richardson Foods Co., Monin Inc., R. Torre & Company, Inc., W. T. Lynch Foods Ltd., The J.M. Smucker Company, The Kraft Heinz Company etc.
Report Scope:
In this report, Global Sugar Toppings Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Sugar Toppings Market.
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Company Information
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