South Korea Cakes Frosting & Icing Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The South Korea Cakes Frosting & Icing Market has been experiencing a surge in demand due to the country's growing appetite for diverse and creative dessert offerings. Cakes and pastries, adorned with visually striking frostings and icing, have become an integral part of celebratory occasions, including birthdays, weddings, and holidays. As the demand for more sophisticated cake designs rises, the frosting and icing segment is expected to witness significant growth.
In South Korea, cakes and their frostings/icing are not just about taste but also about presentation. The market is highly influenced by consumer preferences for aesthetic appeal and innovative textures. This shift has led to the emergence of various types of frostings, such as buttercream, fondant, whipped cream, and cream cheese, each offering distinct textures and flavors suitable for different cake varieties. This trend is amplified by the increasing popularity of custom-made cakes for specific occasions, which often require intricate icing designs and high-quality frosting to match the theme and overall look of the event.
Industries within South Korea’s cake frosting and icing sector are being driven by the food service industry, particularly bakeries and patisseries, as well as large-scale cake manufacturers. Bakeries are increasingly adopting advanced frosting techniques and high-quality icings to cater to the growing demand for gourmet cakes. Large manufacturers are also investing in innovative production methods, ensuring a consistent supply of premium frostings and icings that meet consumer demands for both quality and flavor.
Additionally, the rising influence of social media platforms such as Instagram has fueled the demand for visually appealing cakes, leading to an increased focus on sophisticated and elaborate icing techniques. This has prompted both small-scale bakers and large manufacturers to experiment with different frosting textures, colors, and toppings to create eye-catching designs that will attract customers looking for Instagram-worthy cakes.
The Cakes Frosting & Icing Market in South Korea is also affected by seasonal trends. For example, during major holidays like Chuseok and Seollal, the demand for traditional cakes adorned with intricate icings and frostings increases. The industry has had to adapt to these seasonal fluctuations by ensuring that ingredients are available in sufficient quantities and that production lines are capable of meeting demand during peak periods.
In conclusion, the South Korea Cakes Frosting & Icing Market is poised for continued growth. With an increasing emphasis on customization, aesthetic appeal, and advanced icing techniques, the market is evolving to meet both consumer preferences and industry requirements. From bakeries to large-scale manufacturers, businesses in the market are innovating constantly to keep up with the ever-growing demand for delicious and visually stunning cake creations.
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Pinnacle Foods
Betty Crocker
Rich Product
CSM Bakery Solutions
Wilton Industries
Dawn Food
Lawrence Foods
Dixie’s Icing
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Cakes Frosting & Icing Market
Buttercream
Fondant
Cream Cheese Icing
Royal Icing
Whipped Cream Frosting
Ganache
Glaze
Retail Baked Goods
Food Service (Restaurants and Bakeries)
Home Baking
Special Events (Weddings, Birthdays)
Smooth
Textured
Silky
Crunchy
Chocolate
Vanilla
Fruit-Flavored (e.g., Lemon, Strawberry)
Nut-Flavored (e.g., Almond, Hazelnut)
Spices (e.g., Cinnamon, Pumpkin Spice)
Ready-to-Use Tub
Pouches
Spray Cans
Glass Jars
Bulk Packaging
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Cakes Frosting & Icing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Cakes Frosting & Icing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Cakes Frosting & Icing Market, By Type
6. South Korea Cakes Frosting & Icing Market, By Application
7. South Korea Cakes Frosting & Icing Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Cakes Frosting & Icing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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