The global Icing and Frosting Market was valued at USD xx billion in 2019, and it is predicted that it will reach USD xx billion by 2025 at a nominal CAGR during the outlook period.
Icing and Frosting are types of toppings that are used to flavor and decorate baked goods, such as muffins, cakes, pies, and cookies. Also used for cakes between layers called filling. Sugar and icing are made with milk, butter, egg whites, spices, and cream cheese. The frosting is fluffy and thick and is used on the outside surface of the cake that is made of milk.
- Renshaw Fondant Icing has rolled-out ready-to-roll colors like Powder Blue, Raspberry Pink and Light Lavender in a range of tropical corals and emerald greens.
- The Los Angeles architectural team originally developed 3D printing engraving technology to design and print pieces of sugar. This technology converts sugar into sculptural and structural elements used to sweeten food.
Market Drivers and Restraints:
The increase in the bakery, the increase in urbanization, the increase in personal income and the growth of the food industry are important factors in the world market. Consumers prefer iced cakes on birthdays, parties, and holiday events. Increased demand for bakery products is a key factor that is expected to drive demand for icing and frosting and to drive growth in the global market. The growing demand for cakes and muffins in the young population is another key factor in strengthening the growth of the global market. Freezing is a fine, sugary icing on cakes and sweets. Cooling and consolidation are a thick, smooth layer of butter and cream on the cake. Growth in the target market is accelerating as the number of bakeries and coffee shops increases. The development of low-calorie organic icing and frosting can create more profit opportunities for players in the target market.
Regular consumption of bakery products can negatively affect a person’s health, such as cholesterol levels, diabetes, and obesity, which can hinder the growth of global icing and frosting markets. Health related concerns like the obesity, are among the main aspects impeding the development of the global Icing & Frosting market in the foreseen years.
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Report is segmented as:
Buttercream frosting is expected to grow significantly due to consistency and ease of use in the global icing and frosting market during the forecast period, depending on the type of product.
The online retail sector is of great interest in both developed and emerging countries because it offers a wide range of brands and free shipping through a single website.
The North American market has the largest market share in terms of sales, and the consumption of cakes is expected to increase during the festivals and the regular consumption of bakery products by people in the region will continue to dominate during the outlook period. The European market is also expected to occupy the second largest share in terms of sales during the forecast period due to the region’s numerous cafes and bakery shops. The market in the Asia Pacific region was expected to be a profitable market, witnessing significant growth as the processed food industry in the region grew, especially in China and India.
Impact of COVID 19 on Icing and Frosting Market
Icing and Frosting formation is primarily affected by the COVID-19 epidemic. Most projects in China, the United States, Germany, and Korea are delayed, supply chain constraints face short-term operational problems, and there is a lack of access to the site due to the occurrence of COVID-19.
Key market players:
Major players in the global Icing and Frosting Market include Wilton Brands LLC, CSM Bakery Solutions, Rich Products Corporation, Dawn Food Products, Inc., General Mills, Inc., Lawrence Foods, Inc., JF Renshaw Ltd, Macphie, Glenbervie Ltd and Fruit Fillings Inc.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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