Sugar is also referred to as sucrose. It is a soluble carbohydrate-containing fructose, galactose, and glucose. Sugars are also found in natural foods including vegetables, fruits, and milk. These are found in large quantities, particularly in sugar beet and sugarcane. Sugar toppings are widely utilized in confectionaries in various forms. They are also used as sprinklers to improve the appearance of the cake and also used to do icing on cakes and cupcakes.
The significant growth in demand for sugar toppings owing to the growing inclination of people towards the branded food products, particularly in developing regions including the Middle East, Brazil, and India. The growing disposable income of the people, particularly in developing and underdeveloped regions, is likely to give ample thrust to the growth of the global sugar toppings market. However, the growing trend of gifting confectionery products along with growing urbanization globally is offering exponential growth opportunities in the market.
The significant surge in demand for packaged and convenience foods due to the fast-paced lifestyle of people and the growing preference of consumers in delicacies are also likely to offer several lucrative growth opportunities in the global sugar toppings market. However, the marketing of breakfast syrups and beverage sauces is likely to scale up the demand for these toppings. Also, the advent of low sugar toppings to no sugar toppings globally will significantly widen the customer case, which in turn will also increase the profitability in the global sugar toppings market.
The global sugar toppings market can be segmented into the distribution channel, end-user, nature, type, and region.
By distribution channel, the market can be segmented into business-to-customer and business-to-business. The business-to-customer segment can further be bifurcated into hypermarkets, online stores, convenience stores, retail, and specialty stores.
By end-users, the market can be segmented into packaged foods, convenience foods, ready-to-eat snacks, dairy, confectionery, and bakeries.
By nature, the market can be segmented into conventional and organic.
By type, the market can be segmented into dry and wet toppings.
North America accounts for the largest share in the global sugar toppings market due to the transforming lifestyle and eating habits of people in the region. Also, the presence of market leaders in the region will accentuate the growth of the regional market.
Asia Pacific is expected to be the fastest-growing region in the global sugar toppings market due to the fast proliferating food and beverage sector in the region.
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Some of the significant players in the global sugar toppings market are Quaker Oats Company, CK Products LLC, Regal Food Products Group Plc, W.T. Lynch Foods Ltd., Ghirardelli Chocolate Company, R. Torre & Company, Inc., Baldwin Richardson Foods Company, Monin Incorporated, The Kraft Heinz Company, The Hershey Company, Pinnacle Foods, Inc., and The J.M. Smucker Company. To cite, Kraft Heinz in October 2018 acquired The Hershey Company to launch Reese’s Peanut Butter Cup and Milk Chocolate dairy whipped toppings. These delicious toppings are prepared from 100% real cow cream and don’t contain high-fructose corn syrup, artificial flavors, and oil ingredients.