Frosting and Icing Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2025
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. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1575 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. 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. Market Trends On the basis of product type, the buttercream frosting is expected to show a significant growth in the frosting and icing market over the forecast period, owing to its consistency and ease of use. Furthermore, most of the manufacturers are developing new buttercream frosting & icing products, which is projected to drive growth of frosting and icing market. For instance, in November 2015, Dawn Food Products Inc. offered premium buttercream frostings for cake decorators with variety of flavors such as vanilla and chocolate, which enabled decorators to design unique confections with control and intricacy.