The market for low-sugar toppings and confectionaries is rapidly increasing all over the globe, backed by the availability of diverse flavors
Covid-19 Impact & Market Status
The impact of COVID-19 on the sugar toppings market had a negative impact on its growth. People had to remain in their homes and this reduced the amount of their physical activity. Hence, excess sugar intake made them obese as they don’t have regular physical work. So, they started cutting off their sugar intake. This impacted the sugar toppings market as their customers decreased.
With the bringing of low-sugar confectionaries and other products, the market for sugar toppings increased again. It benefited working-class people the most because in their busy lifestyle they need instant energy sources which can help them to keep a check on their health also. In this way, the low-sugar diet expanded and the customers of the sugar toppings market increased.
The Consumption Of Low Sugar Confectionaries Is Increasing Over The Globe
As people are becoming more health-conscious, the demand for sugar-rich food is decreasing. But sugar provides high and instant energy. Hence, people are shifting to low-sugar food products and in this low-sugar confectionaries is dominant. It is used as toppings for cupcakes, coffee, etc.
Ready-To-Eat Food Is Suitable for A Busy Lifestyle
Also, the ready-to-eat food goes with the busy lifestyle. Hence, people are shifting to low-sugar food. It helps them to maintain their health, weight and provides them sufficient energy. It includes various food items like confectionaries, coffee, tea, etc. It helps the working people to keep a check on their weight and have sufficient energy for work.
Health-conscious people are demanding low sugar breakfast alternatives that are driving the sugar toppings market.
The sugar confectionaries take over a major part of the sugar toppings market ranging from icing on cakes and pastries to low sugar toppings and beverages. The production activities across the globe have increased manifold for dairy and bakery products which is also favoring wider acceptance of sugar toppings on the back of surged demands for cupcakes, cakes, pastries, and other products.
Beverage sauces and breakfast syrups are witnessing extensive demands worldwide as the global populace is swiftly aligning towards low sugar-based products for breakfast and snacks. This provides opportunities for the global sugar toppings market to expand. Maintaining a healthy lifestyle is becoming more mainstream to avert lifestyle diseases. The millennial population is highly conscious about the importance of a healthy lifestyle and eating routine, the base of which is the first meal of the day. Hence, in the projected years, the need for a suitable breakfast will steer high investment returns for the global sugar toppings market.
The compound annual growth rate (CAGR) is expected to be 5.34% with increased market size of 7.55 billion.
Though there is always a fluctuation in price when it comes to sugar and chocolates and due to this the sugar toppings market faces a downward trend. This is a blocking stone in the smooth expansion of the sugar toppings market but leading players are focusing on low sugar products because this is highly in demand due to its health benefits and low fat content.
Also, the increase in obesity and diabetes is restricting people to consume sweet food. Hence, people are avoiding sweets and sugar. This increase in health consciousness made the sugar toppings market look for an alternative and that’s how low sugar products became popular. These products satisfy the sweet tooth as well as daily energy requirements. Hence, people can switch to low-sugar products.
In their busy life, people prefer to have ready-to-eat food and this habit makes sugar topping food products more popular. They provide instant energy and if taken in acceptable quantity, they are good for health. These products are used in gifting also. They have a wide variety of uses, e.g., dry sugar can be crushed or sprinkled over cakes, cookies, etc. for decoration and adding sweetness to the food. They are a rich source of carbohydrates.
Also, the demand is increasing for flavored sugar toppings. This increases the global market scope of the sugar toppings market as they cover a large section of people.
The major contributors to the sugar topping market are cupcakes and cakes. Their production is increasing in China and India. This expands their market in these countries and APAC is one of the pacing contributors of the sugar toppings market. These rising contributors are aiming towards an increase in the production of sugar toppings.
The major players of the global sugar toppings market are The Hershey Company, Regal Food Products Group Plc, The Kraft Heinz Company, The J.M. Smucker Company, Pinnacle Foods Inc., Baldwin Richardson Foods Company, R. Torre and Company, Monin Incorporated, W.T. Lynch Foods Ltd., Ghirardelli Chocolate Company, Wafer Ltd., Sanders Candy, Hermes, I. Rice and Company, Chobani, NZ Sugar Company Ltd., CSM Ingredients, Paulaur Corporation, Nimbus Foods Ltd., Quacker Oats Company, and CK Products LLC.
Latest Innovations in the Global Sugar Toppings Market: a Snapshot
- Due to the introduction of new flavors, the Bubble Tea Market is expected to increase with a CAGR of 8.8%
- European and North American sugar toppings markets are experiencing an increase in sales due to the high demand for confectioneries and other items for Christmas.
Sugar Toppings Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 7.55 billion|
|Growth Rate||CAGR of 5.34% during 2021-2028|
|Segment Covered||Type, Channel, Nature, End-User, Distribution Channel, Region|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||The Hershey Company, Regal Food Products Group Plc, The Kraft Heinz Company, The J.M. Smucker Company, Pinnacle Foods Inc., Baldwin Richardson Foods Company, R. Torre and Company, Monin Incorporated, W.T. Lynch Foods Ltd., Ghirardelli Chocolate Company, Wafer Ltd., Sanders Candy, Hermes, I. Rice and Company, Chobani, NZ Sugar Company Ltd., CSM Ingredients, Paulaur Corporation, Nimbus Foods Ltd., Quacker Oats Company, and CK Products LLC.|
Key Segments of the Global Sugar Toppings Market
Type Overview, 2018-2028 (USD Billion)
- Dry Sugar Toppings
- Wet Sugar Toppings
Channel Overview, 2018-2028 (USD Billion)
Nature Overview, 2018-2028 (USD Billion)
End-User Overview, 2018-2028 (USD Billion)
- Ready-to-Eat Snacks
- Convenience Foods
- Packaged Foods
Distribution Channel Overview, 2018-2028 (USD Billion)
- Business to Business (B2B)
- Business to Consumer (B2C)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa
- South Africa
- Rest of the Middle East and South Africa