Bakery products such as muffins, bread, pastries, and waffles require icing in order to cover or decorate these products. Icing is also known as frosting. Icing used in cakes and pastries is a sweet and creamy glaze made up of sugar, milk, and water. The icing is enriched with different ingredients such as cream cheese, egg whites, butter, and flavorings. When icing or frosting is used in between the layers of the food, it is called as filling.
MARKET DYNAMICS
The growth of the icing shortening market is mainly attributed to factors such as rising demand for bakery and confectionery products. Additionally, high disposable income among consumers in developed countries and surging demand for convenient products provides market growth opportunities for the major players operating in the market. However, stringent government regulations in North America and Europe pertaining to food products is projected to hamper the overall growth of the icing shortening market.
MARKET SCOPE
The "Global Icing Shortening Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the icing shortening market with detailed market segmentation by product type, fat type, end use and geography. The global icing shortening market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading icing shortening market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global icing shortening market is segmented on the basis of product type, fat type, and end use. On the basis of product type, the icing shortening market is segmented into PHO based icing shortening and non-PHO based icing shortening. Based on fat type the market is segmented into animal fat icing shortening and plant based fat icing shortening. On the basis of end use, the icing shortening market is segmented into bread, cakes and pastries, cookies and biscuits, muffins, waffles, pancakes, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global icing shortening market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The icing shortening market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the icing shortening market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the icing shortening market in these regions.
MARKET PLAYERS
The reports cover key developments in the icing shortening market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from icing shortening market are anticipated to lucrative growth opportunities in the future with the rising demand for icing shortening in the global market. Below mentioned is the list of few companies engaged in the icing shortening market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the icing shortening market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abel & Schafer
- Amoretti
- Brolite Products Co., Inc.
- Bunge Loders Croklaan
- CHOCOVIC
- Georg Lemke GmbH & Co. KG
- Mallet & Company, Inc,
- Pakmaya
- Par-Way Tryson Co. Inc
- Stratas Foods
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.