[FURL=https://www.industryarc.com/Research/Icing-Sugar-Market-Research-507364]Icing Sugar Market[/FURL] size is 7.1 billion by 2019, growing at a CAGR of 6.77% during the forecast period 2020-2025. Icing sugar also known as powdered sugar or confectioner’s sugar, is made by finely grinding granulated sugar until it is a very fine powder. Moreover, it is a well-known sweetener which has become favorite for centuries. It is a combination of crystallized sucrose which is extracted from sucrose or sugarcane. The baked goods have sugar which maintains moisture and make them supple as well as soft. White sugar is also known as refined sugar. The rising demand among health-conscious consumers and the subsequent demand for health products consisting of low fat, low cholesterol, low sugar, new flavors, and the introduction of technological advancement are fueling its market growth. In addition, a rapid increase focusing on processed food among consumers has triggered its market growth. Furthermore, the players in the Icing Sugar market are focusing on developing new products in order to meet with the growing demand for bakery and confectionary industry.Key Takeaways
The Extra Fine held the largest market share in 2019 owing to its wide range of application in the production of bakery and confectionary products.
Bakery & Confectionary segment held the largest market share in the year 2019 by the virtue of its enormous application in various food service industry as well as retail sectors.
The growing consumption of bakery products across the globe is a significant factor driving the Icing Sugar market during the forecast period 2020-2025.
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Geography- Segment Analysis
Europe contributed to the largest market share of 37.1% in 2019 owing to the presence of large dominant icing sugar companies in the region including Associated British Foods and Couplet Sugars. Technological advancement along with the growing innovation in these regions have highly supported the growth of regional market. North America Icing Sugar market is another dominant market owing to increasing innovation and demand in chocolate and confectionary products. North America based key players including American Crystal Sugar holds extensive distribution network in the region and internationally enabling the North America market to capture substantial share in the global market.
Drivers –Icing Sugar Market
Growing Consumption of Bakery Products across the Globe:
Rising Demand of Icing Sugar for Chocolate and Confectionary Products :
Icing Sugar Market Industry Outlook : Icing Sugar Market top 10 companies are Associated British Foods Plc, Blue Birds Foods India Ltd, Couplet Sugars, Crusty International, Dhampure Speciality Sugar Ltd, Pacto Industries Ltd, Sbec Sugar Ltd, Sudzuker AG, Tate Lyle Plc and Weilkfield Foods Pvt Ltd.
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