The Europe Sugar Toppings market has been estimated at USD 1.42 Billion in 2016 and is projected to reach USD 1.83 Billion by 2021, at a CAGR of 5.20% during the forecast period from 2016 to 2021.
Sugar Toppings are generally used in confectioneries both as an ingredient and as a decoration. It mainly consists of icing sugar, which is a sweet, often creamy glaze made of sugar with a liquid, which is often enriched with ingredients like butter, egg whites, cream cheese, or flavorings.
It is used to cover or decorate baked goods, such as cakes or cookies. This can be flavored and colored as desired.
The market for sugar toppings in Europe is mainly driven due to increasing demand for confectionery items, which mainly contain sugar toppings in diverse industries including baking, chocolate, sugar confectionery, gums, and other industries.
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Europe market for Sugar Toppings is segmented based on type and application. By 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).
By Channel, the market is further sub-segmented into Industrial, Grocery, Food service. Wet sugar toppings is the largest type segment in the sugar toppings market.
The high growth of this segment is mainly attributed to the increasing demand of sugar toppings in hot and cold beverages. Industrial channel segment is the largest channel segment in the sugar toppings market.
This large share is primarily due to growth in demand from bakeries.
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Geographically, Europe market for Sugar Toppings is segmented into Germany, U.K., Spain, France and Italy. Europe is the second biggest market in terms of market share across the globe.
Highly propelling R&D works, coupled with ever increasing demand for confectionery products is keeping the market going, but is about to attain saturation, due to very less market penetration possible.
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J.M. Smucker Company, The Hershey Company, Pinnacle Foods, Inc., The Kraft Heinz Company, Baldwin Richardson Foods Company, Monin Incorporated, R. Torre & Company, Inc., W.T.
Lynch Foods Ltd., Ghirardelli Chocolate Company, CK Products LLC, Quaker Oats Company, Regal Food Products Group Plc., are the major players of Europe Sugar Toppings market.
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