The Asia Pacific Powdered Sugar Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,098.5 kilo tonnes, showcasing a growth of 5.4% (2019-2022).
The versatility of powdered sugar in the bakery realm extends to its use in fillings, doughs, and icings, playing a crucial role in achieving the desired taste and texture. The advantages of powdered sugar in bakery applications include its ability to dissolve easily, providing a smooth consistency to icings and glazes. Its fine particle size ensures uniform blending, contributing to the overall quality and aesthetics of baked goods. Therefore, the Australia Market consumed 408.87 kilo tonnes powdered sugar in bakery applications in 2022.
The China market dominated the Asia Pacific Powdered Sugar Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $784.6 Million by 2030, growing at a CAGR of 4.3 % during the forecast period. The Japan market is exhibiting a CAGR of 5.7% during (2023 - 2030). Additionally, The India market would experience a CAGR of 7.1% during (2023 - 2030).
Powdered sugar is preferred for its ease of use and convenience. Unlike granulated sugar, which needs to be dissolved in liquid, it dissolves quickly and easily, making it suitable for culinary applications. Its fine texture also ensures smooth and uniform incorporation into batters, doughs, and mixes, resulting in consistent results every time.
Moreover, this is primarily used as a sweetening agent to add sweetness to various food and beverage products. Its ability to dissolve rapidly ensures even distribution of sweetness throughout the product, providing a balanced and consistent flavor profile.
According to the Australian Bureau of Statistics data, grocery stores, supermarkets, specialty food, and fresh food markets sold 14.7 million tons of food and non-alcoholic beverages in 2020–21. In comparison to the preceding 12-month period (2019–20), this was up 1.4% (204,100 tons) and up 4.9% (686,000 tons) from 2018–19. The increasing retail sales of food and beverage products in Australia positively impact the market, driving demand, stimulating innovation, and creating market growth and expansion opportunities.
Free Valuable Insights: The Global Powdered Sugar Market is Predict to reach $ 10.2 Billion by 2030, at a CAGR of 5.7%
Based on Product, the market is segmented into Conventional and Organic. Based on Application, the market is segmented into Bakery, Dairy, Confectionery and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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