Icing And Frosting Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Icing and Frosting market, including market size projections, growth trends, industry dynamics, and market segmentation insights from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $3.10 Billion |
| CAGR (2023-2033) | 6.7% |
| 2033 Market Size | $6.03 Billion |
| Top Companies | Wilton Brands LLC, Duncan Hines, Kraft Heinz Company, Pinnacle Food Group |
| Last Modified Date | 15 Nov 2024 |
Icing And Frosting Market Report (2023 - 2033)
Icing And Frosting Market Overview
What is the Market Size & CAGR of Icing And Frosting market in 2023?
Icing And Frosting Industry Analysis
Icing And Frosting Market Segmentation and Scope
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Icing And Frosting Market Analysis Report by Region
Europe Icing And Frosting Market Report:
Europe’s market, with a size of $0.95 billion in 2023, is expected to grow to $1.84 billion by 2033. This market is characterized by a strong preference for artisan and gourmet products, along with increasing consumption of high-quality desserts influenced by food trends.Asia Pacific Icing And Frosting Market Report:
In 2023, the Asia Pacific region holds a market size of $0.52 billion, predicted to grow to $1.02 billion by 2033. The growth is fueled by increasing urbanization, rising disposable incomes, and the growing trend of home baking across countries like India and China, where Western-style desserts gain popularity.North America Icing And Frosting Market Report:
North America exhibits the largest market size of $1.18 billion in 2023, potentially reaching $2.31 billion by 2033. The robust market is largely driven by a long-standing baking culture, high demand for innovative flavors, and extensive distribution channels.South America Icing And Frosting Market Report:
The South American market, though smaller, is projected to grow from $0.04 billion in 2023 to $0.07 billion in 2033. This growth is supported by regional culinary practices that increasingly incorporate icing and frosting into traditional desserts, along with rising tourism.Middle East & Africa Icing And Frosting Market Report:
Lastly, the Middle East and Africa region forecasts a growth from $0.41 billion in 2023 to $0.80 billion by 2033, driven by expanding bakery markets influenced by Western trends, increasing disposable income, and diverse culinary traditions.Request a custom research report for industry.
Icing And Frosting Market Analysis By Product
Global Icing and Frosting Market, By Product Type Market Analysis (2023 - 2033)
The product type segment includes buttercream, fondant, ganache, and glaze. Buttercream leads this segment with a significant market size of $1.61 billion in 2023, expected to rise to $3.14 billion by 2033. Fondant follows with growth from $0.76 billion to $1.48 billion. Ganache and glaze also show promising expansions, increasing from $0.38 billion to $0.73 billion, and $0.35 billion to $0.68 billion respectively.
Icing And Frosting Market Analysis By Application
Global Icing and Frosting Market, By Application Market Analysis (2023 - 2033)
In terms of application, the biggest segment is bakery products, which represent $1.61 billion in 2023 and expected to reach $3.14 billion by 2033. Confectionery applications and desserts follow, with forecasted sizes of $0.76 billion to $1.48 billion and $0.38 billion to $0.73 billion respectively, as consumers increasingly seek indulgent products.
Icing And Frosting Market Analysis By Formulation
Global Icing and Frosting Market, By Formulation Market Analysis (2023 - 2033)
The market is differentiated by formulation types: ready-to-use, powdered, and liquid icings. The ready-to-use segment is prominent at $2.02 billion in 2023, growing to $3.93 billion in 2033. Powdered forms are projected to boost from $0.89 billion to $1.74 billion while liquid forms stay minor yet consistent in their share.
Icing And Frosting Market Analysis By Distribution Channel
Global Icing and Frosting Market, By Distribution Channel Market Analysis (2023 - 2033)
Distribution channels are crucial for market reach. Online sales dominate with a market size of $2.02 billion in 2023, expected to increase to $3.93 billion. Offline channels represent an important share as well, growing from $0.89 billion to $1.74 billion, highlighting the significance of traditional retail in the purchasing behavior of consumers.
Icing And Frosting Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Icing And Frosting Industry
Wilton Brands LLC:
A leading provider of baking supplies and accessories worldwide, Wilton is known for its extensive range of cake decorating products, including icings and frostings that enhance both flavor and presentation.Duncan Hines:
Part of the Conagra Brands family, Duncan Hines is recognized for its cakes, icings, and ready-to-use frostings, offering a variety of flavors catering to diverse consumer preferences.Kraft Heinz Company:
Kraft Heinz plays a significant role in the icing market with its iconic brands, known for quality and taste, providing innovative solutions in icings and frosting for both professional and home bakers.Pinnacle Food Group:
With products that span the baking and dessert sectors, Pinnacle Foods offers various icings and frostings, renowned for their premium quality and variety catering to consumer tastes.We're grateful to work with incredible clients.
