PUBLISHER: The Insight Partners | PRODUCT CODE: 1742027
PUBLISHER: The Insight Partners | PRODUCT CODE: 1742027
South & Central America Icing and Frosting Market Forecast to 2030 - Regional Analysis - by Type, Category, and Distribution Channel
The South & Central America icing and frosting market was valued at US$ 409.23 million in 2022 and is expected to reach US$ 604.11 million by 2030; it is estimated to register a CAGR of 5.0% from 2022 to 2030.
Expansion of E-Commerce Fuels South & Central America 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.
South & Central America Icing and Frosting Market Overview
In South & Central America, the surge in demand for icing and frosting is influenced by cultural preferences, a growing bakery industry, and an increasing interest in celebrating special occasions with visually appealing desserts. There is a strong cultural emphasis on festivities, family gatherings, and celebrations in many South & Central American countries. Traditional events and religious festivals often involve the preparation of elaborate and decorative sweets, driving the demand for high-quality icing and frosting to enhance the visual appeal of these special treats.
The burgeoning home bakery trend in the region has played a significant role in driving the demand for icing and frosting. As urbanization and changing lifestyles lead to an increased demand for convenience and home baked products, home bakeries are expanding their offerings to include a wide variety of decorated cakes, cupcakes, and pastries. This shift toward more sophisticated and visually appealing baked goods has fueled the need for diverse and creative icing options to cater to consumers' evolving tastes in South & Central America.
Additionally, the influence of global food trends has reached South & Central America, contributing to a growing interest in Western-style desserts. The popularity of baking shows, culinary blogs, and social media platforms showcasing intricate and aesthetically pleasing desserts has inspired a new generation of home bakers. It has led to an increased demand for premium icing and frosting products. This cultural exchange and the adoption of diverse culinary influences contribute to the region's rising popularity of decorative icing.
South & Central America Icing and Frosting Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Icing and Frosting Market Segmentation
The South & Central America icing and frosting market is categorized into type, category, distribution channel, and country.
Based on type, the South & Central America icing and frosting market is bifurcated into icing and frosting. The frosting segment held a larger South & Central America icing and frosting market share in 2022.
In terms of category, the South & Central America icing and frosting market is bifurcated into gluten-free and conventional. The conventional segment held a larger South & Central America icing and frosting market share in 2022.
By distribution channel, the South & Central America icing and frosting market is divided into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment held the largest South & Central America icing and frosting market share in 2022.
By country, the South & Central America icing and frosting market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America icing and frosting market share in 2022.
General Mills Inc, Conagra Brands Inc, Dr. Oetker (UK) Ltd, and Rich Products Corp. are some of the leading companies operating in the South & Central America 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. South & Central America 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
5. South & Central America Icing and Frosting Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rise in Interest in Home Baking
- 5.1.2 Culinary Exploration and Globalization
- 5.2 Market Restraints
- 5.2.1 Increase in Sales of Bakery Products from Restaurants and Bakery Stores
- 5.3 Market Opportunities
- 5.3.1 Expansion of E-Commerce
- 5.4 Future Trends
- 5.4.1 Rise of Premium and Artisanal Offerings
- 5.5 Impact of Drivers and Restraints:
6. Icing and Frosting Market - South & Central America Market Analysis
- 6.1 South & Central America Icing and Frosting Market Revenue (US$ Million), 2022-2030
- 6.2 South & Central America Icing and Frosting Market Forecast Analysis
7. South & Central America Icing and Frosting Market Analysis - by Type
- 7.1 Icing
- 7.1.1 Overview
- 7.1.2 Icing: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- 7.2 Frosting
- 7.2.1 Overview
- 7.2.2 Frosting: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Icing and Frosting Market Analysis - by Category
- 8.1 Gluten-Free
- 8.1.1 Overview
- 8.1.2 Gluten-Free: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- 8.2 Conventional
- 8.2.1 Overview
- 8.2.2 Conventional: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Icing and Frosting Market Analysis - by Distribution Channel
- 9.1 Supermarkets and Hypermarkets
- 9.1.1 Overview
- 9.1.2 Supermarkets and Hypermarkets: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- 9.2 Convenience Stores
- 9.2.1 Overview
- 9.2.2 Convenience Stores: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- 9.3 Online Retail
- 9.3.1 Overview
- 9.3.2 Online Retail: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- 9.4 Others
- 9.4.1 Overview
- 9.4.2 Others: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Icing and Frosting Market - Country Analysis
- 10.1 South and Central America
- 10.1.1 South and Central America: Icing and Frosting Market Breakdown, by Key Countries, 2022 and 2030 (%)
- 10.1.1.1 South and Central America: Icing and Frosting Market - Revenue and Forecast Analysis - by Country
- 10.1.1.2 Brazil: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.1.2.1 Brazil: Icing and Frosting Market Breakdown, by Type
- 10.1.1.2.2 Brazil: Icing and Frosting Market Breakdown, by Category
- 10.1.1.2.3 Brazil: Icing and Frosting Market Breakdown, by Distribution Channel
- 10.1.1.3 Argentina: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.1.3.1 Argentina: Icing and Frosting Market Breakdown, by Type
- 10.1.1.3.2 Argentina: Icing and Frosting Market Breakdown, by Category
- 10.1.1.3.3 Argentina: Icing and Frosting Market Breakdown, by Distribution Channel
- 10.1.1.4 Rest of South and Central America: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.1.4.1 Rest of South and Central America: Icing and Frosting Market Breakdown, by Type
- 10.1.1.4.2 Rest of South and Central America: Icing and Frosting Market Breakdown, by Category
- 10.1.1.4.3 Rest of South and Central America: Icing and Frosting Market Breakdown, by Distribution Channel
- 10.1.1 South and Central America: Icing and Frosting Market Breakdown, by Key Countries, 2022 and 2030 (%)
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 Conagra Brands Inc
- 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 Dr. Oetker (UK) Ltd
- 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. South & Central America Icing and Frosting Market Segmentation
- Table 2. South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Table 3. South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
- Table 4. South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
- Table 5. South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
- Table 6. South and Central America: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Country
- Table 7. Brazil: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
- Table 8. Brazil: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
- Table 9. Brazil: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
- Table 10. Argentina: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
- Table 11. Argentina: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
- Table 12. Argentina: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
- Table 13. Rest of South and Central America: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Type
- Table 14. Rest of South and Central America: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Category
- Table 15. Rest of South and Central America: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million) - by Distribution Channel
- Table 16. Heat Map Analysis by Key Players
List Of Figures
- Figure 1. South & Central America Icing and Frosting Market Segmentation, by Country
- Figure 2. South & Central America Icing and Frosting Market - Porter's Analysis
- Figure 3. Ecosystem: South & Central America Icing and Frosting Market
- Figure 4. South & Central America Icing and Frosting Market - Key Market Dynamics
- Figure 5. Impact Analysis of Drivers and Restraints
- Figure 6. South & Central America Icing and Frosting Market Revenue (US$ Million), 2022-2030
- Figure 7. South & Central America Icing and Frosting Market Share (%) - by Type (2022 and 2030)
- Figure 8. Icing: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 9. Frosting: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 10. South & Central America Icing and Frosting Market Share (%) - by Category (2022 and 2030)
- Figure 11. Gluten-Free: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 12. Conventional: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 13. South & Central America Icing and Frosting Market Share (%) - by Distribution Channel (2022 and 2030)
- Figure 14. Supermarkets and Hypermarkets: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 15. Convenience Stores: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 16. Online Retail: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 17. Others: South & Central America Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 18. South and Central America: Icing and Frosting Market Revenue, by Key Countries, (2022) (US$ Mn)
- Figure 19. South and Central America: Icing and Frosting Market Breakdown, by Key Countries, 2022 and 2030 (%)
- Figure 20. Brazil: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 21. Argentina: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 22. Rest of South and Central America: Icing and Frosting Market - Revenue and Forecast to 2030 (US$ Million)
- Figure 23. Company Positioning & Concentration
