Buttercream Frosting Market Size and Growth Rate Analysis:
Buttercream Frosting Market was worth USD XX billion in 2020 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2026. Buttercream Frosting Market is estimated to develop with a considerable compound annual growth rate between 2021-2026
The frosting is a sweet, creamy frosting made up of sugar and a liquid such as milk or water. It is often enriched with different ingredients such as egg whites, butter, cream cheese, and flavors. When frosting is used between layers of food, it is called filling. The frosting can be made in different shapes and colors to decorate baked goods. Buttercream Frosting is a mixture of creamy butter, flavors, and powdered sugar. Although other fats such as lard or margarine are used. The bakery has always been the focus of the food industry from 8000 BC to the present. The last decade has shown prospective growth in the field of added bakery and pastry mixes. Pastry kitchen items like bread, cakes, biscuits, waffles, and other prepared merchandise expect icing to cover or improve these items.
Over the past decade, there has been tremendous growth in the field of baking and baking products. Modern food additives and ingredients are followed by baking industries. Buttercream frosting is widely used in the baking industry for decorative purposes, as the appearance of any food directly influences the quality of the food. Different flavors are added to enhance the flavor of baked goods. Buttercream Frosting's end-use industries are food manufacturers and households. Vegetable and animal fats are used in the manufacture of enamels. At times pork fat is additionally used to set it up. Food producers are then portioned into bread kitchen and sweet shop. Buttercream frosting adds flavor and surface to cakes and heated products. It is popular among food producers for its different properties. The demand for buttercream frosting will drive potential market growth as there is an increase in demand for baked goods.
Recent Developments:
IMPACT OF COVID-19 ON BUTTERCREAM FROSTING MARKET:
The novel coronavirus pandemic has had a significant impact on the entire food and beverage industry, of which the bakery industry is one. This pandemic led to mass production shutdowns and supply chain disruptions, which also affected the economy. Due to the shutdown, at the beginning of 2020, sales of inedible products such as sanitizers, toilet paper, paper products, and hand sanitizers were in high demand, and sales of grocery products such as bakery, meat products and many others fell. Since the bakery supply was insufficient and with the lack of labor, many bakers closed their doors. Along with this, the disruption of logistics facilities due to foreclosure created further problems in the market as consumers did not get the products they needed, which ultimately affected the market. Another factor that had an impact on the market is the lack of availability of raw materials, which is why the production of products was not adequate. Due to these problems, the small bakers in the disorganized segment are the most affected, as stated by Mago, who is also president of the All India Bread Makers Association. But over time the government began to allow the reopening of stores, the demand for bakery products increased, especially bread and the like, since these are the essential products that are used in the daily diet, mainly for breakfast and snacks. As a result, the domestic sector's demand for bakery products increased, while the foodservice sector faced a decline in the market for bakery products, considered one of the most demanding products in the service sector of food.
Drivers and Restraints of Buttercream Frosting Market:
Drivers:
The growing demand for bakery products is a major factor driving demand for icing and frosting and is expected to drive global buttercream frosting market growth. Consumers prefer frozen cakes on birthdays, parties, and festive occasions. Another key factor expected to support the growth of the world market is the increasing demand for cakes and muffins among the young population. A growing number of bakeries and cafes is also driving the growth of the buttercream frosting market. Besides, the expanding prevalence of doughnuts, cupcakes and the accessibility of a wide scope of seasoned cakes are required to drive the development of the worldwide buttercream frosting business soon.
Restraints:
However, regular consumption of baked goods can have negative effects on people's health, such as high cholesterol, diabetes and obesity, etc., which can hamper the growth of the global buttercream frosting market.
Buttercream Frosting Market Segmentation:
By Product Type:
By End-use:
By Distribution channel:
Regional Presence of the Buttercream Frosting Market:
a. Middle East
b. Africa
The North American buttercream frosting market represents the largest share in terms of revenue and is expected to maintain its dominance during the forecast period, due to the increase in the consumption of Christmas cakes and the regular intake of bakery products by individuals in the area. The European market is also estimated to account for the second highest share in terms of revenue during the foreseen period, due to the large number of bakeries and shops in the locale. The Asia-Pacific region is supposed to become a lucrative market and experience significant growth especially in China and India due to the rise of the processed food industry in the region.
The major players operating in the Global Buttercream Frosting Market:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 American
5.1.3 Swiss
5.1.4 French
5.1.5 Italian
5.1.6 Y-o-Y Growth Analysis, By Type
5.1.7 Market Attractiveness Analysis, By Type
5.1.8 Market Share Analysis, By Type
5.2 Distribution Channels
5.2.1 Introduction
5.2.2 Online Sales
5.2.3 Supermarkets/Hypermarkets
5.2.4 Convenience Stores
5.2.5 Others
5.2.6 Y-o-Y Growth Analysis, By Distribution Channels
5.2.7 Market Attractiveness Analysis, By Distribution Channels
5.2.8 Market Share Analysis, By Distribution Channels
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Distribution Channels
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Distribution Channels
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Distribution Channels
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Rich Product
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Betty Crocker
8.3 CSM Bakery Solutions
8.4 Pinnacle Foods
8.5 Wilton Industries
8.6 Dawn Food
8.7 Real Good Food
8.8 Lawrence Foods
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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