Global Fondant Market Size to Exceed USD 1125.99 Million by 2033 | CAGR of 3.85%
Category: Food & BeveragesGlobal Fondant Market Size to Exceed USD 1125.99 Million by 2033
According to a research report published by Spherical Insights & Consulting, The Global Fondant Market is Expected to Grow from USD 771.45 Million in 2023 to USD 1125.99 Million by 2033, at a CAGR of 3.85% during the forecast period 2023-2033.
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Browse key industry insights spread across 225 pages with 100 Market data tables and figures & charts from the report on the "Global Fondant Market Size, Share, and COVID-19 Impact Analysis, By Type (Poured, Rolled, and Others), By Application (Bakery [Cakes, Pastries, and Others] and Confectionaries), By Distribution Channel (B2B and B2C), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/fondant-market
The fondant industry concerns the manufacturing, marketing, and distribution of fondant products. It also includes the latest trends related to cake decoration and the increasing demand for beautiful, fancy cake designs for birthdays and weddings. Fondant is a soft, smooth icing applied to cake decoration and confectionery. Prepared primarily from sugar, water, and a thickening agent, which can be either gelatin or cornstarch. It can be flavored and colored for any theme and taste, which is why it is available in so many different flavors and colors. Moreover, one major reason for the growth in the market of fondant is the increased growth of the bakery and confectionery market. As consumers seek more ornamentation and design in cakes, the finishing provided by fondant becomes important to them. A high boost for the market of fondant has been the online availability of bakeries. With online bakeries popping up and increased delivery services, consumers can have easy access to custom-designed cakes, which oftentimes are served with fondant for aesthetic reasons. However, the short shelf life of the product is another major challenge for the fondant market. Fondant hardens with time, which results in potential wastage and necessitates special storage conditions to keep it fresh. This short shelf life can also affect the market appeal since consumers and retailers are put off by the need for careful handling and frequent restocking.
The poured segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the type, the fondant market is divided into poured, rolled, and others. Among these, the poured segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to poured fondant being thixotropic-the thick liquid which is gel-like, along with the cream- so it's extremely used to be filled into a bakery product while covering cakes coming from all ends. Thus, its taste and sight would develop quite a professional glaze on the appearance of the cake. Technical and superior quality pour fondant by chief professionals in the hospitality industry is more recently applied.
The bakery segment accounted for the majority share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the fondant market is divided into bakery and confectionaries. Among these, the bakery segment accounted for the majority share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by fondant, which is one of the primary ingredients that the bakery sector uses to ensure more customized and personalized service delivery to users. The growing demand for artisanal bakeries in various parts of the world also increases the fondant demand. As more consumers and professionals are made aware of these tools and techniques, it is more likely that it will use fondant in cake decoration practices, thus driving the market.
The B2B segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the fondant market is divided into B2B and B2C. Among these, the B2B segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to B2B deals that involve mass purchases of raw materials to supply bakeries to high extents, thus increasing the unit cost per sale. Bakers who prefer to have customized fondant for the specific products in their shops need professional-grade fondant from B2B suppliers, which can be purchased in different flavorings, shades, and textures.
North America holds the majority share of the global fondant market during the forecast period.
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North America holds the majority share of the global fondant market during the forecast period. The booming bakery industry and significant consumer base, actively interested in customized and designer cakes, increase regional growth within the premium fondant market for the duration of the forecasting period. Most of the adults of the region are buying fondant directly from the manufacturers for utilization in the various custom shapes designed for birthday parties, wedding anniversaries, and other festivities.
Europe is estimated to grow at the fastest pace in the global fondant market during the forecast period. This growth is further contributed to by the increased uptake of readymade and DIY silicone-based cake molds for artistic cake designs. Furthermore, the growing demand for personalized and theme-based cakes among customers is expected to drive the market over the coming years.
Major vendors in the global fondant market are FondX, Fat Daddio's, Phoon Huat Pte. Ltd., Wilton, Vizyon, Reece, Confect, Bakels Pettinice, FunCakes, Dawn Food Products, Inc., Carma Massa Ticino Tropic, Zeelandia International, Puratos Group, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In February 2023, Liz Marek, the celebrity cake artist, and Satin Ice entered a strategic cooperation. Through this cooperation, the choice of fondant materials would be extended to more possibilities of creative cake designs, which will appeal to both professional and amateur bakers.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the fondant market based on the below-mentioned segments:
Global Fondant Market, By Type
- Poured
- Rolled
- Others
Global Fondant Market, By Application
- Bakery
- Cakes
- Pastries
- Others
- Confectionaries
Global Fondant Market, By Distribution Channel
- B2B
- B2C
Global Fondant Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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