Global Fondant Market, By Form (Powder, Liquid, Rolled, Poured and Paste), End Use (Horeca, Household and Food Processor), Application (Confectionery, Desserts and Bakery), Distribution Channels (Direct, Indirect, Store Based, Online and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The fondant market is expected to exhibit a market value of USD 0.77 billion by the year 2021. This means that the market would witness a CAGR of 3.90% for the forecast period of 2021-2028. The rise in the market value can be attributed to increasing demand for sweet dishes, and availability of various cake flavours which is expected to drive the market growth.
Fondant is a sort of icing which is used to give shape or decorate cakes, cupcakes, or pastries. The surface of fondant is totally different from the majority of the icing which makes fondant different. Fondant arrives in a few unique forms like liquid, rolled or poured. Rolled fondant is stiff like clay and poured fondant is a thick fluid. Fondant is comprised of sugar, water and corn syrup. For ornamental purposes, gelatine is added. Fondant can likewise be made by utilizing powdered sugar and softened marshmallows. Fondant cakes can be handily refrigerated and will in general stay fresh for number of days, which is a favoured benefit during summers.
Nonetheless, in a few case, these cakes become sticky and are inclined to get a fingerprint on them. In addition, decorators try not to utilize fondant in cakes and cupcakes, since their taste is more sweet than expected and their entertaining sticky surface might be horrendous among buyers.
Food and food ingredients ventures are profoundly powerful and present new difficulties, attributable to changing customer interest. Hence, Makers are working together with food technologists to create customized items for sugar and sugar specialties such as fondants which in turn help manufacturers to gain a competitive edge.
Furthermore, customers are progressively taking an interest in fitness activities like eating organic and natural food, alongside following a unique eating regimen. Thus, the market for natural fondant is quickly picking up pace.
Alongside the developing number of exceptionally prosperous buyers who are keen on the pattern for good food. Also, the increasing purchasing power, extended interest for sweet dishes, and accessibility of different flavours speed up the development of the fondant market. But, health conscious consumers are decreasing the consumption of fondant desserts, since it is a malleable sugar paste that can be rolled out and draped on desserts.
This fondant market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fondant market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Fondant Market Scope and Market Size
The fondant market can be segmented into form, end use, application and distribution channels. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the fondant market is segmented into powder, liquid, rolled, poured and paste.
- On the basis of end use, the fondant market is segmented into horeca, household and food processor.
- On the basis of application, the fondant market is segmented into confectionary, desserts and bakery. The dessert segment is further classified into ice cream, cake, juices and smoothies. Also, the bakery segment is sub segmented into biscuits, donuts, cakes and muffins.
- Coming to distribution channels, the fondant market is segmented into direct, indirect, store based, online and others. The store based segment is further classified into hypermarket/supermarket, convenience stores, discount store, food & drinks health stores.
Fondant Market Country Level Analysis
The fondant market is analyses and market size, volume information is provided by country, form, end use, application and distribution channels as referenced above.
The countries covered in the fondant market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K, France, Netherlands, Switzerland, Belgium, Russia, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, New Zealand, Vietnam, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Oman, Qatar, Kuwait, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Europe region currently dominates the fondant market worldwide. Since, they are adopting ready-to-use and D-I-Y silicone-based moulds to innovate new cake designs which acts as a key driver for the European market. Also, a dramatic rise in baking classes is causing the demand to rise for fondants. The North American region is expected to witness a great growth in forecast period because of the large bakery industry and high consumer base having an interest in designing optimum and designer cakes.
The country section of the fondant market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fondant Market Share Analysis
The fondant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fondant market.
The major players covered in the fondant market report are Satin Ice, FondX, Fat Daddio's, Phoon Huat Pte. Ltd., Wilton, Vizyon, Reece, Confect, CCDS School, Bakels Pettinice, FunCakes, Dawn Food Products, Inc., Carma Massa Ticino Tropic, Zeelandia International, Puratos Group, Couplet Sugars, Arctos Creme Sp. z o.o., Holger Food Group Sp. z o. o., Pfeifer & Langen GmbH & Co. KG, Zukán and JF Renshaw Ltd., and Davars among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Fondant Market
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