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.
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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.
• The fondant market is divided into segments based on form: powder, liquid, rolled, poured, and paste.
• The fondant market is divided into three categories: bakery, home, and food processor.
• The fondant market is divided into three categories based on application: bakery, confectionery, and desserts. Ice cream, cake, drinks, and smoothies are further divided into categories within the dessert category. Additionally, the bakery market is divided into submarkets for muffins, cakes, donuts, and biscuits.
• The fondant market is divided into direct, indirect, store-based, internet, and other distribution channels. The store-based section is further divided into food and beverage health shops, convenience stores, discount stores, hypermarkets and supermarkets, and convenience stores.
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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.
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Competitive Landscape and Fondant Market Share Analysis
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.
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