Global Icing Sugar Market Size To Exceed USD 10.34 Billion By 2035 | CAGR Of 5.61%
Category: Food & BeveragesGlobal Icing Sugar Market Size To Exceed USD 10.34 Billion By 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Icing Sugar Market Size is Expected to Grow from USD 5.67 Billion in 2024 to USD 10.34 Billion by 2035, at a CAGR of 5.61% during the Forecast Period 2025-2035.
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Browse key industry insights spread across 265 pages with 105 Market data tables and figures & charts from the report on the "Global Icing Sugar Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Organic Icing Sugar and Conventional Icing Sugar), By Application (Bakery, Confectionery, Dairy, Beverages, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/icing-sugar-market
The Icing Sugar industry is a global business engaged in producing, distributing, and selling icing sugar, or powdered and confectioners' sugar. Global consumption of baked products such as cakes, pastries, and cookies increases icing sugar demand significantly. Icing sugar is a must for frosting, glazing, and decorating these foods to improve taste and appearance. Urbanization, rising disposable incomes, and lifestyle changes lead to a demand for luxurious treats, particularly in developing economies. Also, the increased demand from commercial bakeries and consumers fuels the overall market growth. The exponential development of cafes, bakeries, restaurants, and fast-food chains globally raises the demand for icing sugar. These facilities utilize icing sugar very frequently in desserts, frostings, and toppings to address market demand for attractive and flavorful products. The increase in specialty bakeries and dessert-oriented food service outlets in both the developed and developing world directly drives the demand for icing sugar, solidifying the market's growth trend. However, growing health awareness of the ill effects of too much sugar consumption, inadequate nutrition, and diseases like obesity, diabetes, and cardiovascular disease is prompting consumers to lower sugar intake. This move away from high-sugar diets constrains icing sugar demand, particularly in industrialized markets with growing health awareness.
The conventional icing sugar segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the icing sugar market is divided into organic icing sugar and conventional icing sugar. Among these, the conventional icing sugar segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to conventional icing sugar is manufactured through established refining processes; hence it is less expensive than organic ones. It is economical due to this, which makes commercial bakeries and major producers prefer it highly, as they are concerned with cost-effectiveness while still ensuring quality, leading to its major market share.
The bakery segment accounted for the highest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the icing sugar market is divided into bakery, confectionery, dairy, beverages, and others. Among these, the bakery segment accounted for the highest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The growth is attributed to icing sugar is important in making smooth, fine-textured frostings and also cake, cupcake, and pastry toppings. The fact that icing sugar can be easily mixed and provides sweetness means it is a necessity in bakery foods, generating strong demand in this product sector.
Asia Pacific is expected to hold the majority share of the global icing sugar market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global icing sugar market during the forecast period. The growing middle-class of Asia-Pacific has increasing disposable income, which they utilize to spend more on premium and processed food, including baked goods. Consumers spend more on cakes, sweets, and other food products that incorporate icing sugar once they have more disposable incomes. This increasing income drives not just commercial demand but also home baking trends as consumers try quality ingredients, pushing the icing sugar market.
North America is anticipated to grow at the fastest pace in the global icing sugar market during the forecast period. North American consumers increasingly favor artisanal, customized, and high-quality baked products, which demand high-quality icing sugar for frosting. Specialty bakeries and cafes are on a roll, providing choice frosting flavors and complex designs. Social media boosts these trends, promoting more indulgent and aesthetic desserts. This consumer trend sustains a high demand for icing sugar, which drives fast market growth in commercial and home baking markets.
Europe is predicted to hold a significant share of the icing sugar market throughout the estimated period. Europe boasts a rich baking heritage, with nations such as France, Germany, and Italy renowned for pastries and sweets using plenty of icing sugar. This tradition guarantees constant demand in both commercial bakeries and homes, underpinning a sizeable and sustainable icing sugar market throughout the continent.
Major vendors in the global icing sugar market are Tate & Lyle, Cargill, Archer Daniels Midland Company, Associated British Foods plc, Südzucker AG, Nordzucker AG, Wilmar International Limited, Louis Dreyfus Company, American Crystal Sugar Company, Imperial Sugar Company, Domino Foods, Inc., Mitr Phol Sugar Corporation, Tereos Group, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In April 2021, Graceco Limited launched a new, revamped packaging for its Baker's Choice Icing Sugar, seeking to further bolster brand identity and product quality. The new packaging has an improved appearance, enhanced durability for improved storage, and contains contact details for inquiries. Moreover, the product features a state-of-the-art anti-caking agent which guarantees a fine, white, and uniform texture perfect for smooth creamy product decorations such as buttercream, fudge icing, and almond paste. To assure the customer of the genuineness of the new packaging, Graceco has forwarded the message through platforms to consumers to contact through social media in case they have any questions about the originality of their products.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the icing sugar market based on the below-mentioned segments:
Global Icing Sugar Market, By Product Type
- Organic Icing Sugar
- Conventional Icing Sugar
Global Icing Sugar Market, By Application
- Bakery
- Confectionery
- Dairy
- Beverages
- Others
Global Icing Sugar Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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