Icing and Frosting Market refers to the industry involved in the production and distribution of sweet toppings used to decorate and enhance the flavor of cakes, cupcakes, cookies, and other baked goods.
The icing and frosting market size is estimated to reach $11.6 billion by 2028 and it is poised to grow at a CAGR of 5.1% over the forecast period of 2023-2028.
The market for icing and frosting products has been steadily growing in recent years, driven by the increasing demand for convenience foods, changing consumer tastes and preferences, and the rise of social media, which has helped to drive interest in cake decorating and baking.
The market is segmented by product type, application, distribution channel, and geography. Product types include buttercream, cream cheese, ganache, and others. Applications include cakes, cupcakes, cookies, and others. Distribution channels include supermarkets/hypermarkets, specialty stores, online retailers, and others.
The icing and frosting market is expected to continue to grow in the coming years, driven by the increasing popularity of baking and cake decorating, as well as the rise of new and innovative products that cater to changing consumer tastes and preferences.
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Market Segmentations:
Global Icing and Frosting Market: By Company
- CSM Bakery Solutions
- Wilton
- Rich Product
- Betty Crocker
- Dawn Food
- Lawrence
- BGC Manufacturing
- Macphie
- Renshaw
- Fruit Fillings Inc
- Dixie’s Icing
- Effco
- Orchardicing
- Kelmyshop
- CK Products
Global Icing and Frosting Market: By Type
- Buttercream Frosting
- Royal Icing
- Ganache
- Boiled / Cooked Icing
- Cream Cheese Frosting
- Dusting
Global Icing and Frosting Market: By Application
- Bakery
- Restaurant
- Family
Global Icing and Frosting Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Icing and Frosting market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Objectives of Icing and Frosting Market Study:
- Market Size and Growth Analysis: Determine the current size of the market, both in terms of revenue and volume, and analyze historical data to identify growth patterns. Forecast future market growth based on various factors such as consumer trends, product innovation, and market dynamics.
- Market Segmentation: Segment the market based on factors such as product type (buttercream, fondant, cream cheese, ganache, etc.), application (cakes, pastries, cookies, cupcakes, etc.), distribution channel (retail, foodservice, online), and geography. Analyze each segment’s market share, growth potential, and customer preferences.
- Consumer Behavior and Trends: Understand consumer preferences, purchasing patterns, and behavior regarding icing and frosting products. Identify key trends such as demand for natural or organic ingredients, allergen-free options, decorative designs, or personalized products. Assess factors influencing consumer decision-making, including price sensitivity, brand loyalty, and product packaging.
- Competitive Analysis: Evaluate the competitive landscape of the market, including key players, their market share, and business strategies. Analyze strengths, weaknesses, opportunities, and threats (SWOT analysis) for major competitors. Identify market entry barriers and assess the potential for new entrants.
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