Asia Pacific Icing and Frosting Market Forecast to 2030 - Regional Analysis - by Type (Icing and Frosting), Category (Gluten-Free and Conventional), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
The Asia Pacific icing and frosting market was valued at US$ 1,193.36 million in 2022 and is expected to reach US$ 1,828.36 million by 2030; it is estimated to register a CAGR of 5.5% from 2022 to 2030.
Expansion of E-Commerce Boosts Asia Pacific Icing and Frosting Market
The expansion of e-commerce is expected to offer significant growth opportunities in the icing and frosting market, transforming how consumers access and purchase these products. Convenience and accessibility offered by e-commerce platforms have expanded the reach of icing and frosting manufacturers to a broader consumer base. Consumers can now easily browse, compare, and purchase various products online, eliminating geographical barriers. This increased accessibility benefits established manufacturers and opens doors for smaller or niche players to enter the market and reach a global audience. There are various online platforms such as Amazon, online platforms of supermarkets and hypermarkets, online stores of various brands and companies, where people can easily buy icing and frosting products.
The digital marketplace allows manufacturers to showcase their entire product range, providing detailed information about ingredients, flavors, and usage. This transparency is essential in a market where consumers are increasingly conscious of the quality and origin of their food products. Through e-commerce, icing and frosting manufacturers can educate consumers about the unique aspects of their products, emphasizing factors such as premium ingredients, artisanal craftsmanship, and innovative flavors. This transparency can build consumer trust, contributing to brand loyalty and repeat purchases.
The e-commerce expansion in the icing and frosting market aligns with the broader trend of online shopping for baking ingredients. As consumers become more comfortable purchasing groceries and baking supplies online, manufacturers can offer subscription services, bundle deals, and exclusive online promotions. E-commerce platforms provide a versatile space for marketing and promotional activities, enabling manufacturers to engage with their audience, receive feedback, and tailor their offerings to evolving consumer preferences.
The data-driven nature of e-commerce platforms allows icing and frosting manufacturers to gather valuable insights into consumer behavior and preferences. By analyzing online purchasing patterns and customer reviews, manufacturers can change their strategies, refine their product offerings, and respond to emerging trends swiftly.
The wealth of data generated through e-commerce transactions empowers manufacturers to make informed decisions, optimize their supply chains, and enhance overall efficiency in meeting consumer demands. The opportunity for data-driven decision-making positions e-commerce as a strategic avenue for growth and adaptation in the dynamic icing and frosting market.
Asia Pacific Icing and Frosting Market Overview
In Asia Pacific, the surge in demand for icing and frosting is influenced by a combination of cultural shifts, evolving consumer tastes, and the growing popularity of Western-style desserts. There is a rise in the middle-class population with increasing disposable income in many Asian countries. This demographic shift has increased interest in premium and indulgent food experiences, including baked goods decorated with beautiful and flavorful icing. As lifestyles become more affluent, the demand for home-baked, visually appealing, and gourmet desserts has expanded, driving the icing and frosting market in the region.
Additionally, the globalization of food trends, particularly the influence of Western cuisine, has significantly shaped consumer preferences in Asia Pacific. Western-style cakes, cupcakes, and pastries have become increasingly popular, especially in urban areas. This has led to a greater demand for high-quality icing and frosting products that replicate the intricate designs and flavors commonly associated with Western desserts. Manufacturers and retailers in the region are responding to this trend by offering a diverse range of icing options to cater to the evolving palate of Asian consumers.
Another factor contributing to the surge in demand for icing and frosting in Asia Pacific is the cultural significance of celebrations and festivals. Many Asian cultures strongly emphasize festivities and communal gatherings, often accompanied by sweet treats. The desire to enhance the presentation of traditional and modern desserts during these celebrations has increased the demand for decorative icing and frosting. This cultural aspect, coupled with the rising popularity of baking as a hobby, has created a favorable environment for the growth of the icing and frosting market in Asia Pacific.
Asia Pacific Icing and Frosting Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Icing and Frosting Market Segmentation
The Asia Pacific icing and frosting market is categorized into type, category, distribution channel, and country.
Based on type, the Asia Pacific icing and frosting market is bifurcated into icing and frosting. The frosting segment held a larger Asia Pacific icing and frosting market share in 2022.
In terms of category, the Asia Pacific icing and frosting market is bifurcated into gluten-free and conventional. The conventional segment held a larger Asia Pacific icing and frosting market share in 2022.
By distribution channel, the Asia Pacific icing and frosting market is divided into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment held the largest Asia Pacific icing and frosting market share in 2022.
By country, the Asia Pacific icing and frosting market is segmented into Australia, India, China, Japan, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific icing and frosting market share in 2022.
General Mills Inc, Dr. Oetker (UK) Ltd, Cake Craft Factory LLC, and Rich Products Corp are some of the leading companies operating in the Asia Pacific icing and frosting market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Icing and Frosting Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors or Suppliers
4.3.4 Distribution Channel
4.4 List of Vendors in the Value Chain
5. Asia Pacific Icing and Frosting Market - Key Market Dynamics
5.1 Asia Pacific Icing and Frosting Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Interest in Home Baking
5.2.2 Culinary Exploration and Globalization
5.3 Market Restraints
5.3.1 Increase in Sales of Bakery Products from Restaurants and Bakery Stores
5.4 Market Opportunities
5.4.1 Expansion of E-Commerce
5.5 Future Trends
5.5.1 Rise of Premium and Artisanal Offerings
5.6 Impact of Drivers and Restraints:
6. Icing and Frosting Market - Asia Pacific Market Analysis
6.1 Asia Pacific Icing and Frosting Market Revenue (US$ Million), 2020-2030
6.2 Asia Pacific Icing and Frosting Market Forecast Analysis
7. Asia Pacific Icing and Frosting Market Analysis - by Type
7.1 Icing
7.1.1 Overview
7.1.2 Icing: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Frosting
7.2.1 Overview
7.2.2 Frosting: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Icing and Frosting Market Analysis - by Category
8.1 Gluten-Free
8.1.1 Overview
8.1.2 Gluten-Free: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Conventional
8.2.1 Overview
8.2.2 Conventional: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Icing and Frosting Market Analysis - by Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Overview
9.1.2 Supermarkets and Hypermarkets: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Convenience Stores
9.2.1 Overview
9.2.2 Convenience Stores: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
9.3 Online Retail
9.3.1 Overview
9.3.2 Online Retail: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Icing and Frosting Market - Country Analysis
10.1 Asia Pacific
10.1.1 Asia Pacific: Icing and Frosting Market - Revenue and Forecast Analysis - by Country
10.1.1.1 Asia Pacific: Icing and Frosting Market - Revenue and Forecast Analysis - by Country
10.1.1.2 Australia: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Australia: Icing and Frosting Market Breakdown, by Type
10.1.1.2.2 Australia: Icing and Frosting Market Breakdown, by Category
10.1.1.2.3 Australia: Icing and Frosting Market Breakdown, by Distribution Channel
10.1.1.3 China: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 China: Icing and Frosting Market Breakdown, by Type
10.1.1.3.2 China: Icing and Frosting Market Breakdown, by Category
10.1.1.3.3 China: Icing and Frosting Market Breakdown, by Distribution Channel
10.1.1.4 India: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 India: Icing and Frosting Market Breakdown, by Type
10.1.1.4.2 India: Icing and Frosting Market Breakdown, by Category
10.1.1.4.3 India: Icing and Frosting Market Breakdown, by Distribution Channel
10.1.1.5 Japan: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 Japan: Icing and Frosting Market Breakdown, by Type
10.1.1.5.2 Japan: Icing and Frosting Market Breakdown, by Category
10.1.1.5.3 Japan: Icing and Frosting Market Breakdown, by Distribution Channel
10.1.1.6 South Korea: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 South Korea: Icing and Frosting Market Breakdown, by Type
10.1.1.6.2 South Korea: Icing and Frosting Market Breakdown, by Category
10.1.1.6.3 South Korea: Icing and Frosting Market Breakdown, by Distribution Channel
10.1.1.7 Rest of Asia Pacific: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.7.1 Rest of Asia Pacific: Icing and Frosting Market Breakdown, by Type
10.1.1.7.2 Rest of Asia Pacific: Icing and Frosting Market Breakdown, by Category
10.1.1.7.3 Rest of Asia Pacific: Icing and Frosting Market Breakdown, by Distribution Channel
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 New Product Development
12.3 Partnerships
13. Company Profiles
13.1 General Mills Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Dr. Oetker (UK) Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cake Craft Factory LLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Rich Products Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. Asia Pacific Icing and Frosting Market Segmentation
Table 2. List of Vendors
Table 3. Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Table 4. Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 5. Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
Table 6. Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
Table 7. Asia Pacific: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) s- by Country
Table 8. Australia: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 9. Australia: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
Table 10. Australia: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
Table 11. China: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 12. China: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
Table 13. China: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
Table 14. India: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 15. India: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
Table 16. India: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
Table 17. Japan: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 18. Japan: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
Table 19. Japan: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
Table 20. South Korea: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 21. South Korea: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
Table 22. South Korea: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
Table 23. Rest of Asia Pacific: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 24. Rest of Asia Pacific: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
Table 25. Rest of Asia Pacific: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
Table 26. Heat Map Analysis by Key Players
List of Figures
Figure 1. Asia Pacific Icing and Frosting Market Segmentation, by Country
Figure 2. Asia Pacific Icing and Frosting Market - Porter's Analysis
Figure 3. Ecosystem: Asia Pacific Icing and Frosting Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Icing and Frosting Market Revenue (US$ Million), 2020-2030
Figure 6. Asia Pacific Icing and Frosting Market Share (%) - by Type (2022 and 2030)
Figure 7. Icing: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. Frosting: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Asia Pacific Icing and Frosting Market Share (%) - by Category (2022 and 2030)
Figure 10. Gluten-Free: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Conventional: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Asia Pacific Icing and Frosting Market Share (%) - by Distribution Channel (2022 and 2030)
Figure 13. Supermarkets and Hypermarkets: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. Convenience Stores: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Online Retail: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Others: Asia Pacific Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Asia Pacific: Icing and Frosting Market Revenue, by key countries (2022)(US$ Mn)
Figure 18. Asia Pacific: Icing and Frosting Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 19. Australia: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. China: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 21. India: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 22. Japan: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 23. South Korea: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 24. Rest of Asia Pacific: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
Figure 25. Company Positioning & Concentration
1. General Mills Inc
2. Dr. Oetker (UK) Ltd
3. Cake Craft Factory LLC
4. Rich Products Corp
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