Sugar Flower Market Scope
Sugar flowers are nothing but a decorative item for cakes and cupcakes used in the bakery and confectionary industry. These sugar flowers are made from gum and confectioners/icing sugar, mixed into a paste, and shaped into flowers, and leave dry to a porcelain-like hardness. However, sugar flowers can also be made from fondant icing or piped with Royal Icing. These flowers can be eaten or not, depends on the ingredients as some of the ingredients used are not for consumable purposes and subject to regulations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America, Europe |
Unit | Value (USD Million) |
Key Companies Profiled | Petra International (Canada), Golden Crown Petals & Herbs (Philippines), DecoPac (United States), Cake Ornament (Australia), Philippine Gum Paste (Philippines) and The Lucks Company (United States) |
CAGR | 6.5% |
The global sugar flower market is consolidated in nature as fewer manufacturers are producing the sugar flower, which has captured the market. Moreover, the demand for sugar flowers across the globe has increased and players are focusing on producing the product with high-quality ingredients, better hygiene, and precautionary measures by keeping in mind the regulations for edible products. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Sugar Flower market throughout the predicted period.
Petra International (Canada), Golden Crown Petals & Herbs (Philippines), DecoPac (United States), Cake Ornament (Australia), Philippine Gum Paste (Philippines) and The Lucks Company (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Sugar Flower market by Type , by Application (Commercial and Residential) and Region with country level break-up.
On the basis of geography, the market of Sugar Flower has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America, Europe region held largest market share in the year 2023.
On 17th May 2021, DecoPac, Inc., the world’s largest supplier of cake decorations and related products to professional cake decorators and bakeries, announced today that it has been acquired by Kohlberg & Company, L.L.C., a private equity firm headquartered in Mount Kisco, NY, from Snow Phipps Group, LLC
In the United Kingdom, wired sugar flowers are considered a non-edible item and are subject to VAT.
Market Growth Drivers:
Growing Demand from the Commercial Sector for Decorations of Cakes and Cupcakes and Increasing Sales of Cakes and Other Items Due to Rising Occasion of Birthday, Weddings, and Other Parties
Challenges:
Shorter Shelf Life of the Products
Restraints:
Storage and Transportation Cost and Stringent Regulations and Standards for Food Products
Opportunities:
Increasing Demand for Bakery Products and Confectionaries Owing to Rising Prevalence of Weddings and Parties across the Globe and Increase in Consumer Disposable Income Owing to Increase in Preferences and Choices
Key Target Audience
Sugar Flower Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, End-Use Industries and Others