According to a new report, published by KBV research, The Global Powdered Sugar Market size is expected to reach $10.2 billion by 2030, rising at a market growth of 5.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,853.8 kilo tonnes, experiencing a growth of 4.9% (2019-2022).
The Conventional segment is leading the Global Powdered Sugar Market by Product in 2022; thereby, achieving a market value of $7.6 billion by 2030. Conventional powdered sugar, made from refined granulated sugar, has been a staple ingredient in kitchens and bakeries for generations. Consumers are familiar with its taste, texture, and versatility, making it a trusted choice for various culinary applications. The familiarity and tradition associated with conventional powdered sugar contribute to its continued demand among consumers and food manufacturers.
The Confectionery segment would register a CAGR of 6.3% during (2023 - 2030). The confectionery sector relies heavily on sweetening agents like powdered sugar to create a wide array of sweet treats, including candies, chocolates, gummies, marshmallows, and fudge. As the confectionery industry expands to meet growing consumer demand for indulgent and innovative confections, the demand for powdered sugar as a primary ingredient increases proportionally.
Full Report: https://www.kbvresearch.com/powdered-sugar-market/
The North America region dominated the Global Powdered Sugar Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.3 billion by 2030. The Europe region is experiencing a CAGR of 5.3% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 6.5% during (2023 - 2030).
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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