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Cakes Frosting And Icing Market By Distribution Channel (Online Sales, Supermarkets/Hypermarkets, Convenience Stores, Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2023-2028

Published: March, 2023
ID: 4881
Pages: 185
Formats: report pdf report excel report power bi report ppt

Cakes Frosting And Icing Market Size, Share, Growth (2023-2028)

Cakes Frosting And Icing Market was worth US$ 9.29 billion in 2023 to reach a valuation of US$ 11.91 billion by 2028 and is predicted to register a CAGR of 5.10% during (2023-2028).

Cakes Frosting And Icing Market Overview:

Toppings like icing and frosting are used to flavor and embellish baked items including muffins, cakes, pies, and cookies. Filling is often used for cakes between layers. Milk, butter, egg whites, spices, and cream cheese are used to make sugar and icing. The glaze is a thin layer which is similar to the frosting that we see on baked items used for coating the baked items. Milk and sugar are used to make it. The icing used on the outside of the cake is fluffy and thick. Icing is made up of sugar, water, and an egg. It's made from egg whites or butter and used to coat cakes and cookies. It is widely used to soften and prepare cakes and pies sweeter. The icing is typically utilized to coat the cake's outside. It has a buttery flavor and a creamy butter texture.To cover or adorn these, bakery products such as bread, cakes, muffins, waffles, and other products must be sweetened products. Sugar icing is a sweet and creamy frosting that is produced using sugar and a liquid such as milk or water. a diverse range of egg whites, butter, cream cheese, and spices are among the components.

Cakes Frosting And Icing Market Growth:

The global Cakes Frosting And Icing Market is being driven by the increasing demand for bakery items is a primary driver driving frosting and icing demand, which is expected to fuel global cakes frosting and icing market growth.

Cakes Frosting And Icing Market Drivers:

In the worldwide icing and frosting market, the number of bakeries is increasing, urbanization is increasing, personal income is increasing, and the food sector is growing. Furthermore, the expansion of the online retail industry in developing countries is expected to create a slew of new market opportunities in the future years.

On cakes and pastries, icing is a fine, sugary frosting. On the cake, frothy, thick butter or creams are cooled and soaked in sugar. Butter, milk or water, sugar, and various flavors like chocolate, fruit juice, or extracts are used to make basic icing and frosting. Growing demand for bakery items is predicted to fuel demand for icing and frosting, propelling global growth.To improve the taste of bakery items, several flavours are added. Sugar is covered with vegetable and animal fats. It is occasionally prepared using hog fat. Bakery and confectionery are two types of food. Cakes and baked items benefit from the flavour and texture of icing and frosting. As demand for bakery products rises, so will demand for ice and sugar, which might lead to market expansion. On birthdays, parties, and holidays, customers choose iced cakes. Another important aspect supporting the industry's growth is the increased demand for cakes and muffins among the young population. As the number of bakeries, cafes, baristas and coffee shops increases, the target market's growth accelerates. Furthermore, the popularity of donuts and cupcakes is growing, and the availability of cakes in a variety of flavours is projected to drive the global market's growth in the near future.

Frost and ice cream markets will be driven in the future by factors such as rising demand for cakes and pies, increased imports, greater urbanisation, increased food industry, and technological improvements. The glaze's diverse properties are likely to boost commercial potential. Consumer knowledge of food producers, foodservice, and icemaking will promote buttercream icing purchases, propelling the cake frosting and icing industry forward. The development of organic and low-calorie icing and frosting is expected to create profitable opportunities for market leaders.

These factors are anticipated to propel the global Cakes Frosting And Icing Market growth.

Cakes Frosting And Icing Market Restraints:

The future expansion of icing and frosting is predicted to be hampered by health issues such as rising obesity and the negative health impacts of ongoing consumption of baked products. Bakery items can have a detrimental impact on a person's health, such as cholesterol levels, diabetes, and obesity, which can stifle global cake frosting and icing market growth.

Recent Developments in the Global Cakes Frosting And Icing Market:

In 2017, To help expand buttercream icing products in particular locations, Cake Craft World Ltd developed a variety of buttercream icing products in various tastes such as strawberry, lemon, vanilla, and coffee.

Cakes Frosting And Icing Market Segmentation: 

By Type:

  • Dusting

  • Cream Cheese Frosting

  • Boiled/Cooked Icing

  • Ganache

  • Royal Icing

  • Buttercream Frosting

The Cakes Frosting And Icing Market has been divided by type into, Dusting, Cream Cheese Frosting, Boiled/Cooked Icing, Ganache, Royal Icing and Buttercream Frosting. The one which took the larger Cakes Frosting And Icing Market share was the Royal Icing. This dominance was observed because of its simplicity yet good taste. It is because of these reasons that we see the royal icing taking the bigger Cakes Frosting And Icing Market share.

By Application:

  • Bakery

  • Restaurant

  • Domestic

  • Industrial

  • Others

The Cakes Frosting And Icing Market has been divided by application into, Bakeries, Restaurants, Domestic, Industrial and Others. In this segment, the one which had the larger Cakes Frosting And Icing Market share in terms of application was the bakeries as it solely produces cakes and cakes which is their fastest moving product tends to use a variety of different icings. It is because of these reasons that we see bakeries taking the bigger Cakes Frosting And Icing Market share. This is the Cakes Frosting And Icing Market trends we see with regards to the application.

Global Cakes Frosting And Icing Market Regional Analysis: 

  • North America

As urbanisation and the number of bakeries in the region grow, North America is the biggest player in the worldwide market. In terms of cakes frosting and icing market sales, the North American market dominates, and it is projected that cake consumption would rise during festivals and that regular consumption of bakery items by individuals in the region will continue to dominate during the forecast period. Consumption of cakes, pies, and other sweets is anticipated to stay dominating during the forecast period, as they are connected with a variety of occasions throughout the year, such as birthdays, Easter, Christmas, Thanksgiving, and other holidays. The rise in demand. During the evaluation period, these figures are predicted to increase at a steady rate, in the North American market.

  • Europe

During the forecasted time, Europe is also expected to grow as a significant market. Due to the numerous cafés and bakery stores in the area, the European market is predicted to have the second-highest cake frosting and icing market sales share throughout the forecast period. During the evaluation period, these figures are predicted to increase at a steady rate in the European market., the Cakes Frosting And Icing Market growth is expected to grow at a steady X.X% during the forecasted period

  • Asia Pacific

Because of increased consumer disposable income and baked goods consumption in the region, the Asia-Pacific is expected to grow at a significant CAGR over the forecast period. The Asia Pacific region was predicted to be a profitable market, with significant development as the region's processed food industry grew, particularly in China and India. During the evaluation period, these figures are predicted to increase at a rapid rate in the Asia-Pacific market.

Cakes Frosting And Icing Market Key Players:

  1. Corbion

  2. Wilton Brands LLC

  3. Rich Products Corporation

  4. General Mills, Inc.,

  5. Dawn Food Products, Inc.

  6. Lawrence Foods, Inc.

  7. Macphie Ltd

  8. JF Renshaw Ltd

  9. Fruit Fillings Inc.

  10. Productos Kelmy S.A.U

 

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