Analysis of Boiled-Cooked Icing market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cakes and cookies are a popular and liked product among every age group and is incomplete without an icing on the top. Boiled-Cooked Icing is a type of frosts and icings which is smooth, light, sweet and fluffy topping used to coat the surface of bakery items and desserts especially cakes, cupcakes, and pastries. The ingredients of boiled-cooked icing are cooked until they come to a boiling stage and are furthered boiled for a particular period of time followed by blending it with appropriate thickeners and binders such as beaten eggs.
Along with providing a sugary, rich, and savory taste to the glazed product, these boiled-cooked icing also enhances the appearance of the product. The boiled-cooked icing is available in different colors, flavors, and textures in accordance with the kind of products and ingredients mixed to form it. The boiled-cooked icing can be made with lots of variations, for instance by combing various different blends of flavors with eggs, butter, cream, sugar, and milk.
The growing demand for bakery products, desserts, and confectionary items is driving the market for boiled-cooked icing. Further, the rise in the number of bakeries globally is also surging the demand for these boiled-cooked icing. According to a report by Agriculture and Agri-Food Canada, the cakes sales value in U.K. increased by an average of 2% each year from 2012 to 2017. Further, the rise in the party culture and social gatherings are also a key factor surging the demand for boiled-cooked icing for desserts, cakes, and pastries ordered and presented in these gatherings.
In addition, the growing urbanization, changing taste preferences, and rising disposable income of the consumers especially in the developing nations have immense potential to fuel the market for boiled-cooked icing. With companies offering varied flavors, mixes and blends in the conventional icing made with just combining basic ingredients including sugar, milk, and water, the market for boiled-cooked icing are increasing at a faster pace accounting for the rising popularity and changing taste preferences among youngsters and millennial populations.
However, the rising health concerns such as obesity and high sugar levels and regulatory issues have the potential to restrain the market growth of global boiled-cooked icing.
Some of the market participants in the global boiled-cooked icing market identified across the value chain include
The market for boiled-cooked icing is growing globally at a rapid pace and with the rise in innovations, M&A activities and competition in the industry, along with the big and popular companies, several local and regional players are investing in this market. The companies in the bakery and dessert industry have immense opportunity to grow and expand their businesses in the global boiled-cooked icing market owing to the quick and easy techniques used to form it along with innovating it by adding extra ingredients and flavors.
Hence, due to the growing millennial population, urbanization, changing taste preferences among consumers, changing lifestyle and growing demand for bakery and dessert items, the market for boiled-cooked icing have immense potential to grow in the coming years worldwide.
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On the basis of End-Use, the global boiled-cooked icing market has been segmented as:
On the basis of Distribution Channel, the global boiled-cooked icing market has been segmented as:
On the basis of Applications, the global boiled-cooked icing market has been segmented as:
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Boiled-cooked icing market is expected to grow at a CAGR of 5.5% during the forecast period.
The global market for boiled-cooked icing has huge potential because to the expanding millennial population, urbanisation, changing consumer taste preferences, changing lifestyles, and rising demand for bakery and dessert products.
The Asia Pacific region dominates the global boiled cooked icing market with a share of more than 50%.
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