Frosting and Icing market Uncovers The Reasons For market Growth At A Cagr Of 6.56% To Reach $5.9 Billion By 2026

Frosting and icing are used for decorating baked goods such as pastries, muffins, and cakes. Frosting is a fluffy and thick coating of butter or cream on the cakes and icing is a thin and sugary glaze on cakes and pastry that hardens on cooling. The basic frosting and icing consists of sugar, butter, and milk or water with different flavors such as chocolate, fruit juice or extracts, and others.

Growing demand for cakes and pastries is one of the major factors driving growth of global frosting and icing market. According to the Agriculture and Agri-Food Canada, the sales value of cakes in U.K. increased at an average of 2% each year between 2012 and 2017, with an increase of 1.5% over CAGR (2007-2012). Furthermore, increasing number of bakeries, owing to growing urbanization, rising income, results in growing food industry, is fueling growth of frosting and icing market. According to India Brand Equity Foundation (IBEF), in 2016, the food processing industry in India ranks fifth in terms of consumption, production and exports and was valued at US$ 258 billion in 2015.

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Market Taxonomy

On the basis of product type, the frosting and icing market is segmented into:
Buttercream Frosting
Boiled or Cooked Icing
Ganache
Royal Icing
Dusting
Cream Cheese Frosting
Others

On the basis of end-use industry, the frosting and icing market is segmented into:
Commercial
Non-Commercial

On the basis of distribution channel, the frosting and icing market is segmented into:
Hypermarket
Supermarket
Online Channels
Convenience Stores
Others

However, health concerns such as increasing obesity is restraining the market growth. According to the Centers for Disease Control and Prevention (CDC), in 2017, 36.5% of the adults in the U.S. had obesity, which negatively affected growth of the market. To overcome this, various manufacturers are focusing towards introducing new products with low fat content. For instance, in 2016, Cargill Inc., launched Regal Cake and Icing Shortening containing 20% less fats, as compared to palm shortenings.

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North America dominated the global frosting and icing market in 2016. The consumption of cakes and pastries and other confectionery treats is associated with many events throughout the year such as birthdays, occasions, Easter, thanksgiving, Christmas, and other celebrations. The sales of confectionery products in the U.S. was observed to be high during such events. Also, the urban population is more inclined towards consumption of confectionery products compared to its rural counterparts.

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