Asia Pacific Cakes Frosting And Icing Market

Asia Pacific Cakes Frosting and Icing Market Size (2024 to 2032)

Asia Pacific Cakes Frosting and Icing Market is predicted to grow at a CAGR of 5.86% from 2024 to 2032 and the market size is expected to be valued at USD 3.62 billion by 2032 from USD 2.29 billion in 2024.

MARKET OVERVIEW

Icing is generally used to glaze pastries or cakes and tastes sugarier than frosting, furthermore, icing is generally thinner and glossier, while its counterpart frosting is a thick, fluffy mixture, used to coat the outside of a cake. Icing, often called frosting in the United States, is a sweet, often creamy glaze made of sugar with a liquid, such as water or milk that is often enriched with ingredients like butter, egg whites, cream cheese, or flavorings. It is used to cover or decorate baked goods, such as cakes or cookies. When it is used between layers of cake, it is called filling. The growth of the Asia-Pacific Cakes Frosting and Icing Market is mainly driven by the rising demand, and increase in urbanization leading to higher availability of bakeries. However, health concerns are a major factor restraining market growth. Therefore, to attract the health-conscious populace, the vendors introduced healthier varieties with lesser fat content. Also, the rapid growth in home baking also acts as a restraint on market growth as it reduces the demand for packaged Cakes Frosting and Icing.

This research report on the Asia Pacific Cakes Frosting and Icing market has been segmented and sub-segmented into the following categories.

Asia Pacific Cakes Frosting and Icing Market By Distribution Channel

• online sales

• supermarkets/hypermarkets

• convenience stores

Asia Pacific Cakes Frosting and Icing Market By Country

• China

• India

• Japan

• South Korea

• Australia

Asia-Pacific is predicted to grow with the highest CAGR during the forecast period. Factors such as growing consumption coupled with the rapid growth in distribution channels are anticipated to lead the growth of the market in this region.

KEY MARKET PLAYERS

• Rich Product
• Betty Crocker
• CSM Bakery Solutions
• Pinnacle Foods
• Wilton Industries
• Dawn Food
• Real Good Food
• Lawrence Food