Industry Background:
Fondant icing, commonly cited merely as fondant, is an icing accustomed to beautify or sculpt cakes and pastries. It is made of sugar, water, gelatine, vegetable fat or shortening, and glycerine. The texture of the candy is extremely different from most of the icing that makes candy different from icing. candy comes in an exceedingly few totally different forms like rolled or poured. The growing popularity of well texture and taste has given robust growth to the Fondant Industry.
According to AMA Research, the market for Fondant is expected to register a CAGR of 4.1% during the forecast period to 2030. This growth is primarily driven by Growth in Demand for Occasion Specific and Unique Cakes
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Dawn Food Products, Inc (United States), Zeelandia International (Netherlands), Puratos Group (Belgium), Couplet Sugars (Belgium), Arctos Creme Sp. z o.o. (Poland), Holger Food Group Sp. z o. o. (Poland), Pfeifer & Langen GmbH & Co. KG (Germany), Zukán (Spain) and JF Renshaw Ltd (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, bakery manufacturer and ingredients supplier Dawn Foods acquired JABEX, a manufacturer of high-quality fruit-based products. This acquisition will help Dawn Foods set its manufacturing footprint and strengthens its operations and supply chain in Central and Eastern Europe.
In 2021, Premium rolled fondant manufacturer Satin Ice has announced the debut of its latest product, Tropical Formula Fondant. This new launch is designed for optimum performance in hot and humid conditions with Additional benefits include extra elasticity, extended working and drying time and minimal to no sweating.The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Influencing Trend:
Enhancement in Product Properties of a Fondant to Non-Sticky and Longevity and Manufacturing Organic Fondant by Using Organic Raw Material
Market Growth Drivers:
Growth in Demand for Occasion Specific and Unique Cakes and Rising Demand for the Gourmet Product Additives for Inhouse Baking
Challenges:
Substitutes Available in Market Replacing Fondant
Restraints:
Tearing and Cracking Issues, Stickiness and Air Bubble Entrapment are the Reason Hampering the Fondant Market Growth
Opportunities:
Innovative Ingredients Such as Foaming Agents to Meet the Demand for Unique Tastes and Flavours
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Fondant Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Fondant Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Fondant players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fondant Study Sheds Light on
The Fondant Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Fondant industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fondant industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.