When it comes to adorning baked products such as croissants or muffins, frosting and icing are the go-to methods. Icing is a thin and sweet glaze that hardens on cakes and pastry. The frosting is a fluffy and thick butter or cream covering the cakes. In addition to sugar, butter, and milk or water, other tastes such as chocolate, fruit juice, or extracts, and others can be added to the frosting.
Another important factor boosting the worldwide frosting and icing market is the increasing demand for cakes and pastries. Between 2012 and 2017, the value of cakes sold in Britain rose by an average of 2 percent each year, with an increase of 1.5 percent over the compound annual growth rate (CAGR) (2007-2012). As a result of urbanization and rising wealth, more bakeries are opening, which in turn fuels the frosting and icing business. For example, according to IBEF, the food processing sector in India ranked sixth in terms of consumption, output, and exports in 2015.
Its consistency and simplicity of usage are likely to drive considerable expansion in the global frosting and icing market over the forecast period. There are also new buttercream frosting and icing products being developed by the majority of the producers, which is expected to fuel market growth. If you remember back in November of last year, Dawn Food Products Inc. provided premium buttercream frostings for cake decorators in flavors such as vanilla and chocolate.
Globally, North America was at the top of the frosting and icing industry last year. When it comes to celebrations throughout the year such as birthdays, special occasions, Easter, Thanksgiving or Christmas, cakes and pastries are a must-have. During such occasions, the sales of confectionery goods in the U.S. were reported to be high. Consumption of confectionary goods is also higher in the urban population compared to rural populations. US Census Bureau data shows that in 2017, more than 80 percent of the population lived in urban regions.