Market Overview:
The global sugar gum paste market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for sugar gum paste in commercial and residential applications, and increasing awareness about the benefits of sugar gum paste among consumers. Based on type, the white segment is expected to account for a major share of the global sugar gum paste market in 2018. This can be attributed to its properties such as high sweetness and low calorie content. Based on application, the commercial segment is projected to register higher growth during the forecast period owing to rising demand for sugar gum paste in bakeries, confectioneries, and other foodservice establishments.
Product Definition:
Sugar Gum Paste is a type of icing which is made from sugar, corn syrup and gum tragacanth. It is used to cover and decorate cakes or cupcakes. Sugar Gum Paste can be molded into different shapes and can be colored using food dye.
White:
White is a color that has been used by humans for thousands of years. It is the purest form of color and can be seen in all forms - light, dark, transparent and solid. The first time white was used as a paint pigment was around 3500 B.C., it's usage ever since then has not changed much even though many new pigments were discovered along the way such as yellow ocher or burnt clay which had similar properties to white pigment but with different colors.
Red:
Red color is used in sugar gum paste to differentiate the product from other types of confectionery products. It also helps to identify the storage conditions and shelf life. The paste producers add food coloring agents during the manufacturing process, which may include annatto, caramel, carmine (carminic acid), curcumin or turmeric extracts that provide a natural red color for sugar-free chewing gums as well as for conventional ones.
Application Insights:
Residential was the largest application segment in 2017 and is projected to witness a CAGR of XX% over the forecast period. Increasing construction activities in emerging economies, such as India and China, are expected to drive product demand for residential applications over the coming years.
The commercial segment emerged as one of the leading application segments with a volume share of 38.2% in 2017 on account of growing use sugar gum pastes for signage and display boards at exhibitions, fairs and events across various industries including food & beverages, cosmetics & toiletries among others. The product is used to create attractive graphics on products including bottles labels glasses cups plates tumblers among others which add value to both manufactured goods as well as food products when printed using edible paste colors or colorants made from natural ingredients like beetroot juice or annatto seeds powder etc.
Regional Analysis:
North America was the largest market for sugar gum paste and accounted for a share of more than 30.0% in 2017 owing to high product demand from residential as well as commercial applications. The U.S., being one of the most lucrative markets, has witnessed significant growth over the past few years on account of rising construction activities in various parts including New York, Los Angeles, Miami and Dallas among others.
Asia Pacific is expected to be one of the fastest-growing regional markets with a CAGR exceeding 5% during the forecast period on account of rapid industrialization coupled with increasing population in countries such as China and India among others which will drive infrastructure development activities thereby driving product demand over next eight years or so till 2030 time frame.
Growth Factors:
- Increasing demand for sugar-free food products: The global market for sugar-free food products is expected to grow at a CAGR of more than 7% from 2016 to 2021. This growth can be attributed to the increasing awareness about the health benefits of sugar-free foods among consumers. Sugar gum paste is a natural and healthy alternative to regular sugar, which makes it an attractive option for manufacturers of sugar-free food products.
- Growing demand for artisanal confectionery: The global market for artisanal confectionery is projected to grow at a CAGR of more than 9% from 2016 to 2021. This growth can be attributed to the increasing preference among consumers for unique and innovative flavors in confectionery products. Sugar gum paste offers a wide range of flavors that are not available in other types of sugars, making it an attractive option for manufacturers of artisanal confectionery products.
- Rising popularity of cupcakes and cake pops: Cupcakes and cake pops have gained immense popularity in recent years, with sales growing at a rapid pace across different regions worldwide. Sugar gum paste is an ideal ingredient for these types of desserts due its soft texture and flavor profile that pairs well with cakes and frostings alike . This growing trend is expected to drive demandfor sugar gum paste in the coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Sugar Gum Paste Market Research Report
By Type
White, Red, Green, Black, Others
By Application
Commercial, Residential
By Companies
Satin Ice, Fat Daddio's, REDMAN, WILTON, Vizyon, Reece, Confect, CCDS, XIAN NI PEIER, Renshaw, Satin Ice
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Sugar Gum Paste Market Report Segments:
The global Sugar Gum Paste market is segmented on the basis of:
Types
White, Red, Green, Black, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Satin Ice
- Fat Daddio's
- REDMAN
- WILTON
- Vizyon
- Reece
- Confect
- CCDS
- XIAN NI PEIER
- Renshaw
- Satin Ice
Highlights of The Sugar Gum Paste Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- White
- Red
- Green
- Black
- Others
- By Application:
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sugar Gum Paste Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sugar gum paste is a type of food paste that is made from sugar and water. It is used to make decorations, such as cake decorations and icing, or to fill in cracks in cakes or cookies.
Some of the major companies in the sugar gum paste market are Satin Ice, Fat Daddio's, REDMAN, WILTON, Vizyon, Reece, Confect, CCDS, XIAN NI PEIER, Renshaw, Satin Ice.
The sugar gum paste market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sugar Gum Paste Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sugar Gum Paste Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sugar Gum Paste Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sugar Gum Paste Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sugar Gum Paste Market Size & Forecast, 2018-2028
4.5.1 Sugar Gum Paste Market Size and Y-o-Y Growth
4.5.2 Sugar Gum Paste Market Absolute $ Opportunity
Chapter 5 Global Sugar Gum Paste Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Sugar Gum Paste Market Size Forecast by Type
5.2.1 White
5.2.2 Red
5.2.3 Green
5.2.4 Black
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sugar Gum Paste Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Sugar Gum Paste Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sugar Gum Paste Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sugar Gum Paste Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Sugar Gum Paste Analysis and Forecast
9.1 Introduction
9.2 North America Sugar Gum Paste Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Sugar Gum Paste Market Size Forecast by Type
9.6.1 White
9.6.2 Red
9.6.3 Green
9.6.4 Black
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Sugar Gum Paste Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Sugar Gum Paste Analysis and Forecast
10.1 Introduction
10.2 Europe Sugar Gum Paste Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Sugar Gum Paste Market Size Forecast by Type
10.6.1 White
10.6.2 Red
10.6.3 Green
10.6.4 Black
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Sugar Gum Paste Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Sugar Gum Paste Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sugar Gum Paste Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Sugar Gum Paste Market Size Forecast by Type
11.6.1 White
11.6.2 Red
11.6.3 Green
11.6.4 Black
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Sugar Gum Paste Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Sugar Gum Paste Analysis and Forecast
12.1 Introduction
12.2 Latin America Sugar Gum Paste Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Sugar Gum Paste Market Size Forecast by Type
12.6.1 White
12.6.2 Red
12.6.3 Green
12.6.4 Black
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Sugar Gum Paste Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Sugar Gum Paste Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sugar Gum Paste Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Sugar Gum Paste Market Size Forecast by Type
13.6.1 White
13.6.2 Red
13.6.3 Green
13.6.4 Black
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Sugar Gum Paste Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sugar Gum Paste Market: Competitive Dashboard
14.2 Global Sugar Gum Paste Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Satin Ice
14.3.2 Fat Daddio's
14.3.3 REDMAN
14.3.4 WILTON
14.3.5 Vizyon
14.3.6 Reece
14.3.7 Confect
14.3.8 CCDS
14.3.9 XIAN NI PEIER
14.3.10 Renshaw
14.3.11 Satin Ice
