(Entertainment-NewsWire.com, October 11, 2017 ) The Middle-East and Africa Sugar Toppings market has been estimated at USD 0.42 Billion in 2016 and is projected to reach USD 0.55 Billion by 2021, at a CAGR of 5.58% 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 factors that are driving the market for Sugar Toppings in Middle-East and Africa region are rise in consumption of confectioneries containing sugar toppings, increasing disposable income, growing retail market, increasing trend of gifting confectioneries items as well as increasing population and urbanization. But, the market growth can be inhibited due to increasing health consciousness leading to a decline in consumption of chocolates, sugars, and other similar products and increasing incidences of obesity and diabetes.
Middle-East and Africa 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.
Geographically, Middle-East and Africa market for Sugar Toppings is segmented into Middle-East region and Africa region. The market in this region is said to kick-start with major companies of the market expanding their manufacturing bases in this region, thus, promoting the products sales in the untapped areas of this region.
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 Middle-East and Africa Sugar Toppings market.
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