Frosting and Icing Market worth US$ 3308.4 Billion 2029 with a CAGR of 4.3 %

Frosting and icing market is expected to register slow growth over the forecast period. This is attributed to increasing demand for cakes as well as pastries across the globe. Furthermore, rising food industries, coupled with growing disposable income drives growth of the frosting and icing market.Frosting and icing market is projected to grow from US$ 2256.3 billion in 2020 to US$ 3308.4 billion by 2029.

The report "Frosting and Icing Market, by Product type (Buttercream Frosting, Boiled or Cooked Icing, Ganache, Royal Icing, Dusting, Cream Cheese Frosting, and Others (Whipped Cream, Meringue etc.)), by End-Use (Commercial and Non-Commercial), by Distribution Channel (Hypermarket, Supermarket, Convenience Stores, and Online Channels), and Region - Forecast to 2029"

Increasing development of organic, low calorie, and low fat content icing and frostings is expected to create lucrative growth opportunities for new as well as existing players to gain competitive edge.

Key Highlights:

• On February 2018, BakeMark USA LLC acquired multifoods brand and two manufacturing facilities from CSM Bakery Solutions LLC.
• In October 2018, Dr. Oetker GmbH launched ready-to-use buttercream-style icing in three flavours such as rich chocolate, classic vanilla, and limited-edition gingerbread.

Key Market Insights from the report:          

Frosting and icing market accounted for US$ 2256.3 billion in 2020 and is projected to register a moderate CAGR of 4.3% over the forecast period. The market report has been segmented on the basis of type, application, and region.

• By product type, buttercream frosting segment is accounted for major revenue share in 2018. This is attributed to buttercream frosting is consistency and ease of use.
• Byend-use, frosting and icing market is classified into commercial and non-commercial. By Distribution Channel, the online channel segment is accounted for major revenue share in 2018, owing to which offers a wide variety of products through website and offers free delivery.
• By region, North America frosting and icing market is expected to account for major revenue share in the frosting and icing market. and is further anticipated to maintain its dominance over the forecast period, owing to increasing consumption of cakes during festive occasions and regular consumption of bakery products by individuals in countries of the North America region. The market in Europe is accounted for second-highest revenue share in 2018.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Frosting and Icing Market”, by Product type (Buttercream Frosting, Boiled Or Cooked Icing, Ganache, Royal Icing, Dusting, Cream Cheese Frosting, and Others (Whipped Cream, Meringue etc.)), by End-Use (Commercial and Non-Commercial), by Distribution Channel (Hypermarket, Supermarket, Convenience Stores, and Online Channels), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)- forecast till 2029

The prominent player operating in the frosting and icing market includes CSM Bakery Solutions LLC, Wilton Brands LLC, Rich Products Corporation, BakeMark USA LLC, General Mills, Inc, Dr. Oetker GmbH, Dawn Food Products, Inc, Cake Decor Ltd, Lawrence Foods, Inc, Macphie of Glenbervie Ltd, JF Renshaw Ltd, Fruit Fillings Inc, and Pinnacle Foods, Inc.

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