Frosting & Icing Market - Forecast(2024 - 2030)

Report Code: FBR 28386 Report Format: PDF + Excel

Frosting & Icing Market Overview

The Frosting & Icing 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. Frosting and icing are used to embellish baked goods including cakes, muffins and pastries. Cakes and pastries are covered in icing, a thin, sweet glaze coating that hardens as it cools. Cakes are also covered in frosting, a thick and dense butter or cream covering. The primary components for frosting and icing are sugar, butter and milk or water. These ingredients can be flavor-added with things like chocolate, fruit juice or extracts and other things. Increasing demand for bakery products is a major factor propelling the demand for frosting products and is also anticipated to drive the growth of the Frosting & Icing Market size. An increase in bakeries, rising demand for cakes and pastries and an expansion of the food sector are some of the factors driving the Frosting & Icing Industry forward in the projected period of 2023-2028.

Frosting & Icing Market Report Coverage

The report: “Frosting & Icing Market Forecast (2023-2028)" by IndustryARC, covers an in-depth analysis of the following segments in the Frosting & Icing Market.

By Product Type: Buttercream Frosting, Cream Cheese Frosting, Royal Icing, Ganache, Dusting and Boiled or Cooked Icing.
By Flavor: Chocolate, Raspberry, Orange, Coconut Pecan, Strawberry, Vanilla, Buttercream and Others.
By Application Type: Bakery, Restaurant and Household.
By Packaging Type: Plastic Boxes and Carton Boxes.
By End-user Industry: Commercial and Non-Commercial.
By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online Retail and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia and the Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia and New Zealand and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of the World (Middle East and Africa).

Key Takeaways

  • Geographically, North America held a dominant market share in the year 2022. Customers in North America seek meals that would satisfy their dietary needs while also being quick and easy to prepare to owe to their busy lifestyles.
  • The Frosting & Icing Market is driven by rising demand for cakes and pastries in the bakery industry. However, Regular consumption of bakery products may have a harmful impact on people's health, which is impeding the Frosting & Icing Market growth.
  • A detailed analysis of the strengths, weaknesses, opportunities and threats will be provided in the Frosting & Icing Market Report.

Frosting & Icing Market: Market Share by Region (%), 2022.

Frosting & Icing Market

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Frosting & Icing Market: by Product Type

The Frosting & Icing Market based on product type can be further segmented into Buttercream Frosting, Cream Cheese Frosting, Royal Icing, Ganache, Dusting and Boiled or Cooked Icing. The buttercream Frosting segment held a dominant market share in 2022 for Frosting & Icing IndustryOwing to its dependability and simplicity of usage, most manufacturers are also working on innovative buttercream frosting and Fondant icing products, which are anticipated to fuel market expansion for frosting and icing. The buttercream Frosting segment is also estimated to be the fastest growing with a CAGR of 5.7% over the forecast period of 2023-2028. According to the Renshaw survey report 2019, Buttercream scored an astounding 81%, proving that consumers continue to choose simple, creamy flavors. Nearly half of respondents picked sugar paste frosting, which was far behind in popularity. Nearly a third of respondents chose ganache and then the chocolate was the second choice. Owing to the varied characteristics of buttercream icing, the market for buttercream frosting will expand as a consequence of proper customer knowledge among food makers and food services regarding buttercream and whipped cream frosting.

Frosting & Icing Market: by Application Type

The Frosting & Icing Market based on Application type can be further segmented into Bakery, Restaurant and Household. The Bakery segment held a dominant market share in 2022 for Frosting & Icing Industry. One of the key reasons fueling the expansion of the world market for frosting and Fondant icing is the increase in demand for bakery products, mainly cakes and pastries that are covered with glaze. The bakery segment is also estimated to be the fastest growing with a CAGR of 5.9% over the forecast period of 2023-2028. According to Chron report 2021, there are about 6,000 independent retail bakeries and almost 3,000 commercial bakeries in the U.S. Owing to the essential foods for human nourishment have been baked goods for a very long time. They are largely sustaining in the present market owing to their ease, accessibility and nutritional composition.

Frosting & Icing Market: by Geography

Geographically, North America held a dominant market share of 41% in 2022 for Frosting & Icing Industry owing to customers in North America seeking meals that would satisfy their dietary needs while also being quick and easy to prepare to owe to their busy lifestyles. Asia-Pacific is estimated to be the fastest-growing region with a CAGR over the forecast period of 2023-2028. This is owing to the availability of a wide range of bakery products and whipped creams in the region. According to Glanbia plc report 2021, 74% of customers in the region buy bread, 57% of consumers buy waffles and 50% of consumers buy cakes and patisserie on a weekly basis. Bread consumption is high even though more people are substituting snacks for meals, which is one of the major factors driving the Frosting & Icing Market Share.

Frosting & Icing Market Drivers

Rising Demand for Cakes and Pastries is One of the Key Reasons Propelling the Growth of the Worldwide Frosting and Icing Market.

According to the United States Department of Agriculture (USDA) report 2021, currently, cakes make up 41% of all retail sales of baked products in China, with a value of $14 billion annually. Owing to consumers' shifting tastes for more sophisticated baked options, the bakery business has been seeing fresh gains. Cakes, pastries and other sweet foods are frequently consumed in conjunction with special occasions throughout the year, including birthdays, anniversaries, Easter, Thanksgiving and Christmas. The increasing demand for cakes and pastries in the bakery industry is driving the Frosting & Icing Market forward in the projected period.

The Market for Frosting and Icing is Expanding Owing to Increased Urbanization and Rising Affluence.

According to The World Bank Data report, approximately 4.4 billion people or 56% of the world's population, reside in cities. By 2050, approximately 7 out of 10 people will live in cities, with the urban population predicted to more than double its current level. Changing work habits of urban people demand convenience in food consumption. Consumers demand convenience and are willing to pay more, rather buy time than prepare food. Thus, the amount of processed foods consumption is increasing among the urban population, which is fuelling the growth of the Frosting & Icing Market.

Frosting & Icing Market Challenges

Regular Consumption of Bakery Products may have Harmful Impacts on People's Health, impeding Market Growth.

According to World Health Organization((WHO) report, more than 1.9 billion adults aged 18 years and older are overweight. Of these over 650 million adults were obese. Regular consumption of bakery products may have harmful impacts on people's health, including high cholesterol, diabetes and obesity. This rise in the harmful impacts owing to excessive consumption of bakery products is impeding the expansion of the world market for Frosting and Icing.

Frosting & Icing Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Frosting & Icing Market. The top 10 companies in the Frosting & Icing Market are:

  1. Rich Products Corporation
  2. General Mills, Inc.
  3. Wilton Brands LLC.
  4. Dawn Food Products, Inc.
  5. Lawrence Foods, Inc.
  6. Dixie's Icing
  7. Macphie Ltd.
  8. Oetker Group.
  9. Cake Décor Ltd.
  10. Conagra Brands, Inc.

Recent Developments

  • On 25th January 2022, Duncan Hines, a brand of Conagra Brands, Inc. introduced a new line of desserts with Dolly Parton, a renowned humanitarian, international icon and beloved GRAMMY Award-winning musician. Cake mixes and frostings from this new collection are based on some of Dolly's favorite childhood desserts, including coconut cake and banana pudding cake. 
  • On 4th September 2020, Pillsbury Baking, a subsidiary of General Mills, Inc. launched two new products under the Funfetti brand. Funfetti products include Funfetti Mermaid Pink Strawberry Frosting and Funfetti Llama Love Purple Vanilla Frosting. These new frostings make it even simpler for kids to express their creativity.
  • On 26th November 2019, Cake Décor Ltd., a cake decorations manufacturer launched colored writing Icings. The eight sparkling writing icings can be used to embellish and personalize baked goods including cakes, cupcakes and cookies. The new and enhanced recipe allows for precise decoration because it doesn't run and is simple to squeeze. 

Relevant Titles

Global Cakes Frosting & Icing Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2023-2028

Report Code- FBR 65116

Global Buttercream Frosting Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2023-2028

Report Code- FBR 52018

Icing Sugar Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2023-2028

Report Code- FBR 81041

For more Food and Beverage Market reports, please click here

1. Frosting & Icing Market - Overview
    1.1 Definitions and Scope
2. Frosting & Icing Market - Executive Summary
3. Frosting & Icing Market - Comparative Analysis
    3.1 Company Benchmarking - Key Companies
    3.2 Global Financial Analysis - Key Companies
    3.3 Market Share Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Frosting & Icing Market - Start-up Companies Scenario Premium
    4.1 Key Start-up Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Frosting & Icing Market – Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Frosting & Icing Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porter's Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Frosting & Icing Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Frosting & Icing Market – by Product Type
    8.1 Buttercream Frosting
    8.2 Cream Cheese Frosting
    8.3 Royal Icing
    8.4 Ganache
    8.5 Dusting
    8.6 Boiled or Cooked Icing
9. Frosting & Icing Market – by Flavor Type
    9.1 Chocolate
    9.2 Raspberry
    9.3 Orange
    9.4 Coconut Pecan
    9.5 Strawberry
    9.6 Vanilla
    9.7 Buttercream
10. Frosting & Icing Market – by Application Type
    10.1 Bakery
    10.2 Restaurant
    10.3 Household
11. Frosting & Icing Market – by Packaging Type
    11.1 Plastic Boxes
    11.2 Carton Boxes
12. Frosting & Icing Market – by End User Industry Type
    12.1 Commercial
    12.2 Non-Commercial
13. Frosting & Icing Market – by Distribution Channel
    13.1 Supermarkets and Hypermarkets
    13.2 Convenience Stores
    13.3 Online Retail
    13.4 Others
14. Frosting & Icing Market - by Geography
    14.1 North America
        14.1.1 the U.S.
        14.1.2 Canada
        14.1.3 Mexico
    14.2 Europe
        14.2.1 the UK
        14.2.2 Germany
        14.2.3 France
        14.2.4 Italy
        14.2.5 Spain
        14.2.6 Russia
        14.2.7 Rest of Europe
    14.3 Asia-Pacific
        14.3.1 China
        14.3.2 India
        14.3.3 Japan
        14.3.4 South Korea
        14.3.5 Australia & New Zealand
        14.3.6 Rest of Asia-Pacific
    14.4 South America
        14.4.1 Brazil
        14.4.2 Argentina
        14.4.3 Chile
        14.4.4 Colombia
        14.4.5 Rest of South America
    14.5 Rest of the World
        14.5.1 Middle East
        14.5.2 Africa
15. Frosting & Icing Market - Entropy
16. Frosting & Icing Market – Industry/Segment Competition Landscape Premium 
    16.1 Market Share Analysis
        16.1.1 Market Share by Region – Key companies
        16.1.2 Market Share by Countries – Key Companies
    16.2 Competition Matrix
    16.3 Best Practices for Companies
17. Frosting & Icing Market – Key Company List by Country Premium Premium
18. Frosting & Icing Market - Company Analysis
    18.1 Company 1
    18.2 Company 2
    18.3 Company 3
    18.4 Company 4
    18.5 Company 5
    18.6 Company 6
    18.7 Company 7
    18.8 Company 8
    18.9 Company 9
    18.10 Company 10
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LIST OF TABLES

1.Global Major Manufacturers Introduction Market 2023-2030 ($M)
1.1 Manufacturers List Market 2023-2030 ($M) - Global Industry Research
1.1.1 Future Strategic Planning Market 2023-2030 ($M)
2.Global Major Manufacturers Introduction Market 2023-2030 (Volume/Units)
2.1 Manufacturers List Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Future Strategic Planning Market 2023-2030 (Volume/Units)
3.North America Major Manufacturers Introduction Market 2023-2030 ($M)
3.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Future Strategic Planning Market 2023-2030 ($M)
4.South America Major Manufacturers Introduction Market 2023-2030 ($M)
4.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Future Strategic Planning Market 2023-2030 ($M)
5.Europe Major Manufacturers Introduction Market 2023-2030 ($M)
5.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Future Strategic Planning Market 2023-2030 ($M)
6.APAC Major Manufacturers Introduction Market 2023-2030 ($M)
6.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Future Strategic Planning Market 2023-2030 ($M)
7.MENA Major Manufacturers Introduction Market 2023-2030 ($M)
7.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Future Strategic Planning Market 2023-2030 ($M)

LIST OF FIGURES

1.US Frosting & Icing Market Revenue, 2023-2030 ($M)
2.Canada Frosting & Icing Market Revenue, 2023-2030 ($M)
3.Mexico Frosting & Icing Market Revenue, 2023-2030 ($M)
4.Brazil Frosting & Icing Market Revenue, 2023-2030 ($M)
5.Argentina Frosting & Icing Market Revenue, 2023-2030 ($M)
6.Peru Frosting & Icing Market Revenue, 2023-2030 ($M)
7.Colombia Frosting & Icing Market Revenue, 2023-2030 ($M)
8.Chile Frosting & Icing Market Revenue, 2023-2030 ($M)
9.Rest of South America Frosting & Icing Market Revenue, 2023-2030 ($M)
10.UK Frosting & Icing Market Revenue, 2023-2030 ($M)
11.Germany Frosting & Icing Market Revenue, 2023-2030 ($M)
12.France Frosting & Icing Market Revenue, 2023-2030 ($M)
13.Italy Frosting & Icing Market Revenue, 2023-2030 ($M)
14.Spain Frosting & Icing Market Revenue, 2023-2030 ($M)
15.Rest of Europe Frosting & Icing Market Revenue, 2023-2030 ($M)
16.China Frosting & Icing Market Revenue, 2023-2030 ($M)
17.India Frosting & Icing Market Revenue, 2023-2030 ($M)
18.Japan Frosting & Icing Market Revenue, 2023-2030 ($M)
19.South Korea Frosting & Icing Market Revenue, 2023-2030 ($M)
20.South Africa Frosting & Icing Market Revenue, 2023-2030 ($M)
21.North America Frosting & Icing By Application
22.South America Frosting & Icing By Application
23.Europe Frosting & Icing By Application
24.APAC Frosting & Icing By Application
25.MENA Frosting & Icing By Application