Icing and Frosting Market

Global Icing and Frosting Market Size (2024 To 2032)

The size of the global icing and frosting market is expected to be worth USD 5.08 billion in 2024 and grow at a CAGR of 4% from 2024 to 2032 to achieve USD 6.95 billion by 2032. The icing and frosting market continues to grow worldwide for years to follow.

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 thinner than the frosting and glazes the baked goods. It is made with milk and sugar. The frosting is fluffy and thick and is used on the outside surface of the cake. Icing is basically a mixture of sugar, water, egg whites, or butter and is used as a coating for cakes or cookies. It is commonly used to soften cakes or pies and make them sweeter. The frosting is generally used to cover the outside of the cake. It has a creamy butter texture and a buttery flavor. Bakery products such as bread, cakes, muffins, waffles and other products must be sweetened to cover or decorate these products. Sugar icing is a sweet and creamy icing made up of sugar along with a liquid like milk or water. Rich in various ingredients like egg whites, butter, cream cheese and spices. Global economic situation and indicators, along with economic factors to assess the impact on the market to predict information on future scenarios is likely to drive business in the coming years.

MARKET DRIVERS

The increase in the number of bakeries, urbanization, rise in personal income and the growth of the food industry are important factors in the global icing and frosting market.

In addition, the growth of the online retail sector in developing countries is an important factor in creating numerous market opportunities in the coming years. Icing is a fine, sugary icing on cakes and sweets. Cool and soak in sugar are fluffy, thick butters or creams on the cake. Basic icing and frosting consists of butter, milk or water and sugar and other flavors like chocolate, fruit juice or extracts. The growing demand for bakery products is a key factor that is expected to drive demand for icing and frosting, which drives growth in the global market. Different flavors are added to improve the taste of bakery products. The prominent freezing and sugar industries are food manufacturers and households. Vegetable and animal fats are used to cover sugar. Sometimes pork fat is also used to prepare it. Food manufacturers are subdivided into bakery and confectionery. Icing and frosting provide good flavor and texture to cakes and baked goods. Among food manufacturers, there is a demand for various icing and sugar-forming properties.

As the demand for bakery products increases, the demand for ice and sugar will bring potential growth in the market. Consumers prefer iced cakes on birthdays, parties, and holiday events. The growing demand for cakes and muffins in the young population is another key factor in strengthening the growth of the global market. Growth in the target market is accelerating as the number of bakeries and coffee shops increases. Additionally, the popularity of donuts and cupcakes is increasing and the availability of cakes with a wide range of flavors is expected to accelerate the growth of the global market in the near future. Factors such as increased demand for cakes and pies, increased imports, increased urbanization, increased food industry, and technological advancements will drive frost and ice cream markets in the future. The various characteristics of the glaze are expected to increase the market potential. Adequate consumer awareness of food manufacturers and foodservice and ice-making will drive consumer purchases of buttercream icing, driving the growth of the icing and frosting market. The development of organic, and low-calorie icing and frosting are determined to develop lucrative opportunities for key players in this market.

MARKET RESTRAINTS

Health problems, such as increased obesity and the negative health effects of continued consumption of baked goods, are expected to hamper the growth of icing and frosting in the future. 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 market.

REPORT COVERAGE

REGIONAL ANALYSIS

The regional analysis of the global icing and frosting market is considered in key areas like Asia Pacific, North America, Europe, Latin America, and other regions. North America is a major region in the global market as urbanization increases and the number of bakeries in the region increases. The North American market has the largest share in terms of sales, and it is expected that the consumption of cakes will increase during the festivals and that regular consumption of bakery products by people in the region will continue to dominate during the forecast period. Factors like the consumption of cakes and pies and other goodies are likely to remain dominant during the outlook period as they are associated with multiple events throughout the year, including birthdays, Easter, Christmas, Thanksgiving, and other celebrations. Europe is also considered to develop as a substantial market during the anticipated period. The European market is also expected to occupy the second-highest share in terms of sales during the forecast period due to the numerous cafes and bakery shops in the area. The Asia-Pacific is further projected to expand at a considerable CAGR during the conjecture period because of the rising personal disposable income and the consumption of baked goods in the area. The market in the Asia Pacific region was expected to be a profitable market, witnessing significant growth as the processed food industry in this region increased, especially in China and India.

KEY PLAYERS IN THE GLOBAL ICING AND FROSTING MARKET

Major Key Players in the Global Icing and Frosting Market are CK Products, Kelmyshop, Orchardicing, Effco, Dixie's Icing, Fruit Fillings Inc, Renshaw, Macphie, Lawrence, Wilton and Others.

RECENT HAPPENINGS IN THE MARKET

In 2017, Cake Craft World Ltd launched a variety of buttercream icing products with different flavors including strawberry, lemon, vanilla, and coffee to help expand buttercream icing products in certain regions.     

DETAILED SEGMENTATION OF THE GLOBAL ICING AND FROSTING MARKET INCLUDED IN THIS REPORT

This research report on the global icing and frosting market has been segmented and sub-segmented based on product type, application, and region.

By Product Type

• Dusting    
• Cream Cheese Frosting    
• Boiled / Cooked Icing         
• Ganache 
• Royal Icing              
• Buttercream Frosting        

By Application

• Bakery    
• Restaurant             
• Family          

By Region

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa