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Sugar Toppings Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025
Sugar Toppings Market Report Overview
Sugar Toppings Market size in 2019 is estimated to be $ 6.16 million, growing at a CAGR of 6% during the forecast period 2020-2025. Sugar toppings are used as a topping or as an ingredient in confectioneries and bakery products in order to enhance the taste and provide fancy looks. It is made of finely grained sugar which is finely crushed and converted into powdered form. It is also enriched with ingredients such as cream cheese, butter, flavorings, and egg whites. Rising demand of confectionaries and increasing demand of ready-to-eat products are the major factors driving the growth of the market. Moreover, increasing disposable income and advancement of R&D activities further enhance the overall market demand for Sugar Toppings during the forecast period 2020-2025.
Report Coverage
The report: “Sugar Toppings Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sugar Toppings Market:
By Type : Dry Sugar Toppings, Wet Sugar Toppings
By Channel : Industrial, Grocery, Food Service
By Geography: North America, Europe, Asia-Pacific, and Rest of the World
Key Takeaways
- In 2019, North America dominates the Sugar Toppings Market owing to changing lifestyle and eating habits and increasing consumption of high calorie food.
- Rising demand of confectionaries and increasing demand of ready-to-eat products is driving the market growth of sugar toppings.
- Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Sugar Toppings Market report.
- Increasing health consciousness and fluctuation in price of raw materials are challenging the growth of the market.
Type - Segment Analysis
Based on the Type, Sugar Toppings Market is segmented into Dry Sugar Toppings, Wet Sugar Toppings. The Dry Sugar Toppings segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 5.2% during the forecast period 2020-2025. Dry sugar toppings are used in bakeries to make cakes and cupcakes, among other confectioneries. Moreover, increasing demand for sugar toppings in hot and cold beverages are contributing to the growth of this segment.
Channel - Segment Analysis
Based on the Channel, Sugar Toppings Market is segmented into Industrial, Grocery, Foodservice. In 2019, Industrial held the largest share in the Sugar Toppings Market. This is mainly owing to increasing consumption of bakeries that increases the production of sugar topping in industries are contributing to the growth of this segment.
Geography - Segment Analysis
North America dominated the Sugar Toppings Market share accounting for 42% of the market in 2019. This is mainly owing to changing lifestyle and eating habits and increasing consumption of high calorie food. According to Chocolate Industry in U.S., about 265.91 million people consumed chocolate and other candy in 2019 which increases the demand of Sugar Topping Market in North America. However, the Asia-Pacific region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing to increasing demand for cake and cupcakes and increasing consumption of hot and cold beverages.
Drivers – Sugar Toppings Market
- Rising Demand of Confectionaries
Rising demand of confectionaries and growing consumption of low sugar topping products are some factors driving the growth of Sugar Toppings Market. Moreover, growing consumption of breakfast syrups and beverage sauces is also set to increase the market growth.
- Increasing Demand of Ready-to-Eat Products
Increasing consumer preference towards convenience foods & ready-to-eat products and growing consumer demand for flavor variety are some factors driving the growth of the market. Moreover, changing lifestyle and increasing demand of gifting confectionery items further contributing to the growth of Sugar Toppings Market.
Challenges – Sugar Toppings Market
Fluctuation in price of raw material such as sugar and chocolate and increasing health consciousness are challenging the growth of the market. Moreover, increasing obesity and diabetes are further restraining its market growth during the forecast period 2020-2025.
Sugar Toppings Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Sugar Toppings Market. Sugar Toppings top 10 companies are The J.M. Smucker Company; The Hershey Company; The Kraft Heinz Company; Baldwin Richardson Foods Co.; MONIN; W.T. Lynch Foods Limited; Regal Food Products Group Plc; The Quaker Oats Company,; Ck Products Llc; and Ghirardelli Chocolate Company.
Acquisitions/Product Launches:
- On October 2018, Kraft Heinz has acquisition with The Hershey Company and launches Milk Chocolate and Reese’s Peanut Butter Cup dairy whipped toppings. These new topping is made from 100% real cream cow and doesn’t have any oil ingredients, artificial flavours and high-fructose corn syrup.
- On August 2016, Rich Products Corporation launches new product called Café Whip which is the dairy-alternative whipped topping made with coconut milk. This is specially made of bakery cafes, coffee shops and other foodservice operations. It also contains less fat than heavy whipping cream sweetened and flavored.
1. Sugar Toppings Market Overview
1.1 Definitions and Scope
2. Sugar Toppings Market Executive Summary
2.1 Market Revenue, Market Size and Key Trends
2.2 Key trends by Type
2.3 Key trends by Channel
2.4 Key trends by Geography
3. Sugar Toppings Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis - Key Companies
3.5 Pricing Analysis
4. Sugar Toppings Market- Startup companies Scenario Premium Premium
4.1 Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Sugar Toppings Market- Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Sugar Toppings Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Sugar Toppings Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Sugar Toppings Market– By Type (Market Size -$Million/$Billion)
8.1 Dry Sugar Toppings
8.2 Wet Sugar Toppings
9. Sugar Toppings Market – By Channel (Market Size -$Million/$Billion)
9.1 Industrial
9.2 Grocery
9.3 Foodservice
10. Technical Enzymes Market- By Geography (Market Size -$Million/$Billion)
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 U.K.
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 South Korea
10.3.4 India
10.3.5 Australia & New Zealand
10.3.6 Rest of Asia-Pacific
10.4 Rest of the World
10.4.1 Middle East
10.4.2 Africa
10.4.3 South America
11. Sugar Toppings Market Entropy
12. Sugar Toppings Market- Industry / Segment Competition landscape Premium Premium
12.1 Market Share Analysis
12.1.1 Market Share by Country- Key companies
12.1.2 Market Share by Region- Key companies
12.1.3 Market Share at Global Level- Key companies
12.1.4 Best Practices for Companies
13. Sugar Toppings Market - Key Company List by Country Premium Premium
14. Sugar Toppings Market Company Analysis
14.1 Company Revenue, Products, M&A, Developments
14.2 Company 1
14.3 Company 2
14.4 Company 3
14.5 Company 4
14.6 Company 5
14.7 Company 6
14.8 Company 7
14.9 Company 8
14.10 Company 9
14.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
List of Tables
1 US Sugar Toppings Market Size 2018
2 Canada Sugar Toppings Market Share 2018
3 Brazil Sugar Toppings Market Outlook 2019 - 2023
4 Mexico Sugar Toppings Market Research 2018
5 Germany Sugar Toppings Market Trends 2019 - 2023
6 France Sugar Toppings Market Growth 2019 - 2023
7 UK Sugar Toppings Market Demand 2019 - 2023
8 Italy Sugar Toppings Market Segmentation 2018
9 Russia Sugar Toppings Market Analysis 2019 - 2023
10 China Sugar Toppings Market Revenue 2019 - 2023
11 Japan Sugar Toppings Market Volume 2019 - 2023
12 South Korea Sugar Toppings Market Potential 2019 - 2023
13 India Sugar Toppings Market Leaders 2018
14 Saudi Arabia Sugar Toppings Market Forecast 2019 - 2023
15 Kuwait Sugar Toppings Market Value 2018
List of Figures
For complete list of 60+ tables and 60+ figures follow the Link