(Food-Beverage-News.Com, May 17, 2017 ) Asia-Pacific Sugar Toppings Market research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 7.92% to reach USD 1.69 billion by 2021, from USD 1.16 billion in 2016, which amounts to a cumulative growth of USD 0.53 billion.
Toppings are majorly used by confectioners in the making of various confectionaries and other bakery items both as a decorative item and as an ingredient. It primary consists of icing sugar, which is a finely ground sugar made by milling normal granulated sugar into a powdered state. It genrally contains a small amount of anti-caking agent, to improve flow and prevent clumping. It is frequently light dusted onto baked goods to add a subtle decoration and light sweetness.
The report also presents detailed analysis of multitude of factors affecting the Sugar Toppings Market bearing either positive or negative outcomes. Some of those factors are
• Due to increasing demand for confectionery ingredients containing sugar toppings in diverse industries
• Increasing disposable income and rising retail market
• Due to factors like growing health awareness among consumers due to which consumers are avoiding sugar products fearing obesity and diabetes.
For granular level understanding the Sugar Toppings Market is segmented based on Type, and Channel, each being provided with Market Size Estimations and Y-o-Y Forecasts. Based on type, the market is further sub-segmented into Dry Sugar Toppings (Dried Icing Sugar, Sprinkles, Flavored Sugars, Moisture Resistant Icing Sugar), and Wet Sugar Toppings (Beverage Sauces, Breakfast Syrups). Based on Channel, the market is further sub-segmented into Industrial, Grocery, and Food service. Wet sugar toppings are the largest type segment in the sugar toppings market. The high growth of this segment is majorly attributed to the growing demand of sugar toppings in hot and cold beverages. Industrial channel segment is the biggest channel segment in the sugar toppings market. This large share is primarily due to growth in demand from bakeries.
With India and China being the major economies which have unexplored customer base covered in the study the report also focuses on other regions like Japan, Australia, South Korea and Rest of Asia-Pacific. The sugar toppings market in the Asia-Pacific region is predicted to grow at the highest CAGR, due to the rised consumption of hot & cold beverages in the region, along with increasing demand for confectionaries, such as cupcakes and cakes in the growing economies like India and China.
Some of the key players that operate in the Asia-Pacific Sugar Toppings Market include The Hershey Company, J.M. Smucker Company, The Kraft Heinz Company, Pinnacle Foods, Inc., Monin Incorporated, Baldwin Richardson Foods Company, W.T. Lynch Foods Ltd., R. Torre & Company, Inc., CK Products LLC, Ghirardelli Chocolate Company, Regal Food Products Group Plc., and Quaker Oats Company.
The Asia- Pacific Sugar Toppings Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of Type, Source, and Application along with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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