The North America Powdered Sugar Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,111.1 kilo tonnes, showcasing a growth of 4.1% (2019-2022).
Conventional powdered sugar, a staple in the food industry, is finely ground granulated sugar mixed with a small percentage of cornstarch to prevent caking. Widely used in baking, confectionery, and food processing, its fine texture ensures smooth incorporation into recipes, providing sweetness and enhancing texture. Therefore, the Mexico market consumed 79.3 kilo tonnes conventional sugar product in 2022.
The US market dominated the North America Powdered Sugar Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,383 Million by 2030. The Canada market is experiencing a CAGR of 7.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.4% during (2023 - 2030).
Powdered sugar, also known as confectioners' sugar or icing sugar, is a finely ground sugar produced by milling granulated sugar into a powdered form. Widely used in the food industry for its smooth texture, ease of dissolving, and ability to create smooth glazes and frostings, it plays a crucial role in a variety of culinary applications.
Additionally, one of the primary reasons for the widespread adoption of this is its versatility. It can be used in many applications across different food categories, including baking, confectionery, beverages, and food service. This versatility makes it a kitchen staple ingredient used by home cooks and professional chefs.
As per the data from the Government of Canada, in 2022, the food and beverage processing industry were the largest manufacturing industry in Canada in terms of production value, with sales of goods manufactured worth $156.5 billion. In 2022, processed food and beverage exports reached a record $54.3 billion, up 14.1% from 2021, accounting for 34.7% of the output value. Hence, the expansion of the e-commerce sector and the rising food and beverages industry in the region are propelling the market's growth.
Free Valuable Insights: The Powdered Sugar Market is Predict to reach USD 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 U.S., Mexico, Canada, and Rest of North America.
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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