Latin America's icing & frosting market was valued at USD 914 million in 2023 and is projected to reach a market size of USD 1386.16 million by the end of 2030. Over the forecast period of 2024–2030, the market is projected to grow at a CAGR of 6.13%.
The segments under the Latin America icing & frosting market based on type are buttercream frosting, fondant, royal icing, ganache, cream cheese frosting, and others.
Brazil is dominant in the Latin American icing & frosting market.
Wilton Industries, Dawn Food, Real Good Food, Lawrence Foods, and Dixie’s Icing are the leading players in the market
The COVID-19 pandemic has had a major impact on Latin America's icing and frosting industry by disrupting the supply chain, changing consumer behavior, and reforming business practices. As quarantines and restrictions were imposed across the region to prevent the spread of the virus, food businesses, including bakeries, cafes, and restaurants, faced temporary closures or reduced operations, resulting in reduced demand for icing and frosting products. In addition, disruptions in transportation and logistics led to competition in the supply chain, affecting raw materials and final products.
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