Frosting and Icing Market Current Analysis and Future Growth Estimation Report, 2018 - 2023
The factors that are playing a major role in the growth of frosting and icing market are the rising demand for pastries and cakes, a growing number of bakeries and food industries, rising disposable income, and rapid urbanization in the developing regions.
(firmenpresse) - Global frosting and icing market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The frosting & icing is a coating that is exclusively used for decorating baked goods like cakes, muffins, pastries, and others. Frosting is a combination of butter and cream whereas, icing is a thin sugary glaze used on pastry and cakes. Also, it can be made using numerous flavors like chocolate, fruit extract or juice, coffee, and others.
The factors that are playing a major role in the growth of frosting and icing market are the rising demand for pastries and cakes, a growing number of bakeries and food industries, rising disposable income, and rapid urbanization in the developing regions. However, its side effect on health like obesity problems and growing health-conscious populace may restrain overall market growth in the years to come. Frosting and icing market is segmented based on product type, application, distribution channel and region.
Cream cheese frosting, buttercream frosting, dusting, boiled cooked icing, royal icing, ganache, and other product types are explored in the market. The buttercream-frosting sector accounted for the substantial market share of frosting & icing and is estimated to continue its dominance in the years to come. The reason could be ease of use & its consistency and several manufacturers are developing enhanced frosting & icing products.
The frosting & icing market is categorized based on applications like household, bakery, restaurants, and others. The bakery sector accounted for the significant market share of frosting & icing and is estimated to lead the overall market in the years to come.
Distribution channels like convenience stores, hypermarket, online channels, supermarket, and others classify frosting & icing market. Online channel accounted for the substantial market share of frosting & icing and is estimated to lead overall market in the years to come. The reason behind overall market growth could be the availability of numerous branded products on a single website with discounts on several products.
Globally, North America accounted for the substantial market share of frosting & icing and is estimated to lead the overall market in the years to come. The reason behind overall market growth could be the presence of key manufacturers in the region, the high demand for confectionery treats from consumers on several occasions, and the rising use of enhanced techniques in frosting & icing. The United States is a major consumer of frosting & icing in this region. The reason could be the presence of several bakeries and food industries in the region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the higher CAGR in the forecast period. The reason behind the overall market growth could be the rapid urbanization and the high demand from consumers mainly from the developing countries like India and China.
The key players in frosting & icing market are CK Products, CSM Bakery Solutions, Kelmyshop, Wilton, Orchardicing, Betty Crocker, Effco, Dawn Food Products Inc., Macphie of Glenbervie Ltd, JF Renshaw Ltd, Lawrence Foods, Inc., Rich Products Corporation, and Fruit Fillings Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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global-frosting-and-icing-industry-size
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frosting-and-icing-market-demand
frosting-and-icing-market-analysis
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Datum: 20.05.2020 - 13:27 Uhr
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